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Tech Across the Globe

AMD’s chip curbs: Advanced Micro Devices expects to take a charge of as much as $800 million after the Trump administration imposed new restrictions limiting the flow of chips to China. The company said it will seek the appropriate export licenses, but can’t guarantee it will receive them.

TSMC and ASML differ: ASML shares fell on Wednesday after the Dutch maker of chipmaking machines reported first-quarter orders that fell sharply short of estimates. TSMC’s ADRs rose on Thursday after the Taiwanese chipmaker beat estimates across several metrics and held steady with ambitious sales growth and capex plans.

Lyft’s European expansion: Lyft agreed to buy the European taxi-hailing app Freenow for $197 million, marking its first expansion outside of North America. The move better positions Lyft for its long-term global autonomous vehicle ambitions, CEO David Risher told Bloomberg Television.

Revalued

OpenAI is in talks to acquire Windsurf, an artificial intelligence-assisted coding tool formerly known as Codeium, for about $3 billion, according to a person familiar with the matter. The deal would be OpenAI’s largest acquisition to date, and could help the company take on rising competition in the market for AI-driven coding software.

Must Read

Bloomberg’s Olivia Poh, David Ramli and Faris Mokhtar interviewed the CEO of eFishery, one of Indonesia’s investor darlings that imploded after it was revealed the company had reported inflated numbers. Olivia recounts the experience of talking with the founder in today’s Tech In Depth essay.

This Week in Cyber Bulletin

An appearance by a former director of the US National Security Agency at the DEFCON hacker conference highlighted the uncomfortable relationship between the government and the cybersecurity industry, writes Katrina Manson in this week’s Cyber Bulletin. For more Bloomberg coverage of  cybersecurity, subscribe here.

Bloomberg Tech conference: As 2025 continues to disrupt expectations for the next phase of AI, open new frontiers in quantum computing and threaten an increase in sophisticated cyberattacks, investment strategies will have to innovate just as quickly. Join executives such as Uber’s Dara Khosrowshahi, investors including Jeffrey Katzenberg and Nobel Laureate Jennifer Doudna – led by Bloomberg’s Emily Chang and Tom Giles – to discuss how to navigate the hazards and multiply the opportunities created by technology’s rapid changes. Register here for the event June 4-5 in San Francisco. 

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