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$Microsoft(MSFT.US) On Monday, Microsoft Corporation announced plans to lay off approximately 4,800 employees, or 2.1% of its global workforce, primarily affecting its sales division and Xbox gaming business. This workforce reduction aims to cut costs and focus on investments like AI infrastructure to maintain competitiveness in the industry. Xbox CEO Asha Sharma confirmed the layoffs will continue through fiscal year 2027, with significant structural changes planned for several Xbox studios. In my opinion, this structural overhaul comes at the right time as the Xbox department has been struggling for years, losing out to competitors like PlayStation & Nintendo. Microsoft needs to revamp its gaming sector to stop burdening it's overall operations. @Bridge Buzz SG

Samsung’s foundry business is rebounding on orders from Tesla, Apple, Nintendo, media report, noting Tesla’s US$16.5 billion deal with Samsung’s foundry is its biggest contract from one client ever, and includes producing Tesla’s latest AI5 and AI6 chips. The Apple deal involves joint development of next-gen image sensors and production in Texas. Samsung will also manufacture Nvidia chips designed for Nintendo’s popular Switch2 gaming console. $Taiwan Semiconductor(TSM.US) $Intel(INTC.US) #Samsung #semiconductors

Source: Dan Nystedt