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The world is a very busy place, and it’s hard to stay on top of everything. Infoplease has got you covered. Here are the Science & Technology news events you need to know so far for February 2023.
- PayPal Joins Other Tech Company In Laying Off Workers
- ore Countries Join The US To Ban China Over Semiconductor Chips
PayPal Joins Other Tech Company In Laying Off Workers
PayPal Joins Other Tech Company In Laying Off Workers
Photo Source: AP Photo/Jeff Chiu
Wednesday, February 1, 2023 – PayPal joins the trend of other tech companies cutting their workforce by announcing that they will cut 7% of their workers in the coming weeks.
According to the Online payment company, they are forced to cut 2000 jobs because they need to adapt to the “Challenging Macro Economics.” It claimed that layoffs are necessary to cope with the changes and competitive landscape.
As the tech company continues to see a downward economic trend, more layoffs are expected. In the past week, social media company, Snap, and chip maker AMD also announced a reduced net income. Investors, however, continue to look forwards to better trends before the end of the first quarter of 2023.
Source: BBC
ore Countries Join The US To Ban China Over Semiconductor Chips
Photo Source: AP Photo/Stefani Reynolds
Wednesday, February 1, 2023 – In October 2022, the United States placed a series of embargoes on the export of chip manufacturing technology to China, which they have been able to evade due to the presence of other competitors in the chip-making industry.
To ensure the embargo’s effectiveness, the United States has begun talks with other major chip manufacturing companies like Netherlands and Japan. Although most of the details of the meeting between these countries have been kept secret, a Washington official made statements that confirmed the existence of an agreement with Japan and the Netherlands to put further restrictions on chipmaking tool exports to China.
The semiconductor sector in China has been a major focus of US export restrictions. Beijing has invested considerably in developing its domestic industry, but its fabrication units, known as fabs, continue to rely largely on foreign-made technology.
Source: The Guardian
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January Current Events 2023: World News
- January Current Events 2023: World News
TrendingHere are the facts and trivia that people are buzzing about.
Did Birds Evolve from Dinosaurs?
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TrendingHere are the facts and trivia that people are buzzing about.
Did Birds Evolve from Dinosaurs?
The Twelve Dancing Princesses
Current Events This Week: January 2023
African Americans by the Numbers
Andersen’s Fairy Tales: Contents
The Celtic Twilight: A Teller of Tales
- Did Birds Evolve from Dinosaurs?
- The Twelve Dancing Princesses
- Current Events This Week: January 2023
- African Americans by the Numbers
- Andersen’s Fairy Tales: Contents
- The Celtic Twilight: A Teller of Tales
