Sam Kim / Bloomberg:
Market data: global chip sales growth has decelerated for six straight months, rising 13.3% YoY in June, down from 18% in May, the longest slowdown since 2018 — World chip sales growth has decelerated for six straight months — yet another sign the global economy is straining under the weight …
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Huawei reports H1 revenue dropped 5.9% YoY to ~$44.73B and net profit dropped to ~$2.2B, down from ~$4.7B in H1 2021, as smartphone and laptop sales weaken (David Kirton/Reuters)
Sources: Apple is telling its assemblers to make 90M of the newest iPhones, on par with last year, despite deteriorating projections for the smartphone market (Debby Wu/Bloomberg)
Dutch authorities arrest a suspected Tornado Cash developer in Amsterdam, two days after the US sanctioned the crypto mixing service (Andrew Rummer/The Block)