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Adyen reports Q3 revenue up 20% YoY to €498.3M, vs. €503.3M est., and processed volume growth slowed to 32% from 45% in H1 2024; ADYEN falls 9%+ in Amsterdam (Sarah Jacob/Bloomberg) 07-11-2024

Sarah Jacob / Bloomberg: Adyen reports Q3 revenue up 20% YoY to €498.3M, vs. €503.3M est., and processed volume growth slowed to 32% from 45% in H1 2024; ADYEN falls 9%+ in Amsterdam  —  The Amsterdam-based company’s processed volume expansion missed estimates in the period, slowing to 32% in the period from 45% in the first half. Lees verder op Tech Meme

Nintendo says it has sold 146M Switch consoles in 7.5 years, the user community has grown to 127M annual players, and Pokémon sales on Switch have reached 99M (Dean Takahashi/VentureBeat) 07-11-2024

Dean Takahashi / VentureBeat: Nintendo says it has sold 146M Switch consoles in 7.5 years, the user community has grown to 127M annual players, and Pokémon sales on Switch have reached 99M  —  Nintendo’s executives gave a slide show that told the state of the Nintendo Switch game console. Lees verder op Tech Meme

TSMC SVP Cliff Hou says Taiwan must improve its chip tech to maintain its global leadership; in October, Trump said that Taiwan “stole 95% of our business” (Debby Wu/Bloomberg) 07-11-2024

Debby Wu / Bloomberg: TSMC SVP Cliff Hou says Taiwan must improve its chip tech to maintain its global leadership; in October, Trump said that Taiwan “stole 95% of our business”  —  – Taiwan’s chip industry association chair speaks in Hsinchu  — Island plays indispensable role in AI hardware supply chain Lees verder op Tech Meme

France's gambling regulator says it is “aware” of Polymarket and is “currently examining its operation and compliance”, after user Fredi9999 made a $48M profit (Bloomberg) 07-11-2024

Bloomberg: France’s gambling regulator says it is “aware” of Polymarket and is “currently examining its operation and compliance”, after user Fredi9999 made a $48M profit  —  – Inquiry follows publicity around French trader’s huge bets  — Online gambling and betting is tightly regulated in France Lees verder op Tech Meme

SMIC reports Q3 revenue up 34% YoY to ~$2.17B, vs $2.2B est., and net income up 58.3% YoY to ~$148.8M, below $199.71M est., as the chip sector recovers (Reuters) 07-11-2024

Reuters: SMIC reports Q3 revenue up 34% YoY to ~$2.17B, vs $2.2B est., and net income up 58.3% YoY to ~$148.8M, below $199.71M est., as the chip sector recovers  —  China’s largest chipmaker Semiconductor Manufacturing International Corp (0981.HK) reported its net profit increased 58.3% for the third quarter of 2024. Lees verder op Tech Meme

Mark Zuckerberg, Tim Cook, Sundar Pichai, and more quietly courted Trump before the election, laying the groundwork for improved Silicon Valley and DC relations (New York Times) 07-11-2024

New York Times: Mark Zuckerberg, Tim Cook, Sundar Pichai, and more quietly courted Trump before the election, laying the groundwork for improved Silicon Valley and DC relations  —  The executives of tech’s biggest companies largely ignored Donald Trump before the 2016 election.  This time around, they’re far more friendly. Lees verder op Tech Meme