Toyota is to slash global production of motor vehicles due to the semiconductor shortage. The news comes as Samsung pledges to invest about $360 billion over the next five years to bolster chip production, along with other strategic sectors.

In a statement, Toyota said it has had to lower the production schedule by tens of thousands of units globally from the numbers it provided to suppliers at the beginning of the year.

"The shortage of semiconductors, spread of COVID-19 and other factors are making it difficult to look ahead, but we will continue to make every effort possible to deliver as many vehicles to our customers at the earliest date," the company said.

This has resulted in the suspension of manufacturing in May and June for 16 Toyota production lines in 10 plants, out of 28 lines across 14 plants, according to the company.

The news is just the latest in the saga of shortages caused by lockdowns and other issues that have led to long delays in chip shipments affecting multiple industries.

In April, Volvo cited chip shortages for a 22.1 percent drop in sales of its vehicles in March, when compared to the same period the previous year. Jaguar Land Rover, General Motors and others say they've also felt the squeeze this year.

Car manufacturers were particularly badly hit due to lack of flexibility in the supply chain, but the effects are also being felt by makers of computers and other kit, with Dell reporting in February that it is expecting the backlog to grow. Chipmaker TSMC warned in April that supply difficulties are likely to last through this year and into 2023.

Amid all this, Samsung has announced that it plans to invest about $360 billion in total over the five years to drive growth in semiconductors, biopharmaceuticals, and other next-generation technologies.

The investment represents an increase of more than 30 percent over the previous five-year period, and comes with the expectation that this will lead to the creation of 80,000 jobs, mostly in semiconductors and biopharmaceuticals and most of these likely in Samsung's backyard.

According to Reuters, Samsung said 80 percent of the investment will be made in South Korea and that the announcement includes a ₩240 trillion ($206 billion) investment pledge made by the company in August 2021.

While the move may be welcomed by many, it is unlikely to ease the chip shortage pain currently being felt by many hardware makers and their customers. However, Richard Gordon, Gartner practice vice president for semiconductors and electronics, said we may now be past the worst of it.

"We've just seen a classic peak in the semiconductor market – chip shortages, prices rises, inventory build-up, all of which led to a very high growth year and record revenues in 2021. But this is a cyclical market. The shortage situation is easing; I think we are past the peak in the cycle," Gordon told us last month.

"On the supply side, capacity is going to come on-stream progressively from 2022 onwards and supply chain disruption in places like China will cause sporadic glitches in electronics production."

However, both Samsung and TSMC, the two largest contract semiconductor manufacturers in the world, announced earlier this month that they are planning to increase the prices they charge customers for manufacturing chips, which will likely lead to a hike in the prices that enterprises and consumers pay for products.

Earlier this year, Samsung announced revenue of $63.8 billion for Q4 2021, up 24 percent year-on-year, with operating profits up almost 5 percent, despite the fact that it failed to meet its own guidance for DRAM and NAND shipments during final three months of the year. ®

Amazon, Apple, Google, Meta, and Microsoft often support privacy in public statements, but behind the scenes they've been working through some common organizations to weaken or kill privacy legislation in US states.

That's according to a report this week from news non-profit The Markup, which said the corporations hire lobbyists from the same few groups and law firms to defang or drown state privacy bills.

The report examined 31 states when state legislatures were considering privacy legislation and identified 445 lobbyists and lobbying firms working on behalf of Amazon, Apple, Google, Meta, and Microsoft, along with industry groups like TechNet and the State Privacy and Security Coalition.

America's financial watchdog is investigating whether Elon Musk adequately disclosed his purchase of Twitter shares last month, just as his bid to take over the social media company hangs in the balance. 

A letter [PDF] from the SEC addressed to the tech billionaire said he "[did] not appear" to have filed the proper form detailing his 9.2 percent stake in Twitter "required 10 days from the date of acquisition," and asked him to provide more information. Musk's shares made him one of Twitter's largest shareholders. 

Musk quickly moved to try and buy the whole company outright in a deal initially worth over $44 billion. Musk sold a chunk of his shares in Tesla worth $8.4 billion and bagged another $7.14 billion from investors to help finance the $21 billion he promised to put forward for the deal. The remaining $25.5 billion bill was secured via debt financing by Morgan Stanley, Bank of America, Barclays, and others. But the takeover is not going smoothly.

Cloud security company Lacework has laid off 20 percent of its employees, just months after two record-breaking funding rounds pushed its valuation to $8.3 billion.

A spokesperson wouldn't confirm the total number of employees affected, though told The Register that the "widely speculated number on Twitter is a significant overestimate."

The company, as of March, counted more than 1,000 employees, which would push the jobs lost above 200. And the widely reported number on Twitter is about 300 employees. The biz, based in Silicon Valley, was founded in 2015.

A researcher at Cisco's Talos threat intelligence team found eight vulnerabilities in the Open Automation Software (OAS) platform that, if exploited, could enable a bad actor to access a device and run code on a targeted system.

The OAS platform is widely used by a range of industrial enterprises, essentially facilitating the transfer of data within an IT environment between hardware and software and playing a central role in organizations' industrial Internet of Things (IIoT) efforts. It touches a range of devices, including PLCs and OPCs and IoT devices, as well as custom applications and APIs, databases and edge systems.

Companies like Volvo, General Dynamics, JBT Aerotech and wind-turbine maker AES are among the users of the OAS platform.

Nvidia is expecting a $500 million hit to its global datacenter and consumer business in the second quarter due to COVID lockdowns in China and Russia's invasion of Ukraine. Despite those and other macroeconomic concerns, executives are still optimistic about future prospects.

"The full impact and duration of the war in Ukraine and COVID lockdowns in China is difficult to predict. However, the impact of our technology and our market opportunities remain unchanged," said Jensen Huang, Nvidia's CEO and co-founder, during the company's first-quarter earnings call.

Those two statements might sound a little contradictory, including to some investors, particularly following the stock selloff yesterday after concerns over Russia and China prompted Nvidia to issue lower-than-expected guidance for second-quarter revenue.

HPE is lifting the lid on a new AI supercomputer – the second this week – aimed at building and training larger machine learning models to underpin research.

Based at HPE's Center of Excellence in Grenoble, France, the new supercomputer is to be named Champollion after the French scholar who made advances in deciphering Egyptian hieroglyphs in the 19th century. It was built in partnership with Nvidia using AMD-based Apollo computer nodes fitted with Nvidia's A100 GPUs.

Champollion brings together HPC and purpose-built AI technologies to train machine learning models at scale and unlock results faster, HPE said. HPE already provides HPC and AI resources from its Grenoble facilities for customers, and the broader research community to access, and said it plans to provide access to Champollion for scientists and engineers globally to accelerate testing of their AI models and research.

HR and finance application vendor Workday's CEO, Aneel Bhusri, confirmed deal wins expected for the three-month period ending April 30 were being pushed back until later in 2022.

The SaaS company boss was speaking as Workday recorded an operating loss of $72.8 million in its first quarter [PDF] of fiscal '23, nearly double the $38.3 million loss recorded for the same period a year earlier. Workday also saw revenue increase to $1.43 billion in the period, up 22 percent year-on-year.

However, the company increased its revenue guidance for the full financial year. It said revenues would be between $5.537 billion and $5.557 billion, an increase of 22 percent on earlier estimates.

The UK's Competition and Markets Authority is lining up yet another investigation into Google over its dominance of the digital advertising market.

This latest inquiry, announced Thursday, is the second major UK antitrust investigation into Google this year alone. In March this year the UK, together with the European Union, said it wished to examine Google's "Jedi Blue" agreement with Meta to allegedly favor the former's Open Bidding ads platform.

The news also follows proposals last week by a bipartisan group of US lawmakers to create legislation that could force Alphabet's Google, Meta's Facebook, and Amazon to divest portions of their ad businesses.

Microsoft has hit the brakes on hiring in some key product areas as the company prepares for the next fiscal year and all that might bring.

According to reports in the Bloomberg, the unit that develops Windows, Office, and Teams is affected and while headcount remains expected to grow, new hires in that division must first be approved by bosses.

During a talk this week at JP Morgan's Technology, Media and Communications Conference, Rajesh Jha, executive VP for the Office Product Group, noted that within three years he expected approximately two-thirds of CIOs to standardize on Microsoft Teams. 1.4 billion PCs were running Windows. He also remarked: "We have lots of room here to grow the seats with Office 365."

Enterprises are still kitting out their workforce with the latest computers and refreshing their datacenter hardware despite a growing number of "uncertainties" in the world.

This is according to hardware tech bellwethers including Dell, which turned over $26.1 billion in sales for its Q1 of fiscal 2023 ended 29 April, a year-on-year increase of 16 percent.

"We are seeing a shift in spend from consumer and PCs to datacenter infrastructure," said Jeff Clarke, vice-chairman and co-chief operating officer. "IT demand is currently healthy," he added.

GitHub has revealed it stored a "number of plaintext user credentials for the npm registry" in internal logs following the integration of the JavaScript package registry into GitHub's logging systems.

The information came to light when the company today published the results of its investigation into April's unrelated OAuth token theft attack, where it described how an attacker grabbed data including the details of approximately 100,000 npm users.

The code shack went on to assure users that the relevant log files had not been leaked in any data breach; that it had improved the log cleanup; and that it removed the logs in question "prior to the attack on npm."

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