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SK Hynix CEO Kwak Noh-jung said he sees no signs of oversupply in the memory chip market and expects the current shortage to persist until 2030, driven largely by AI-related demand for advanced memory like HBM. He made the comments as the company broke ground on a new chip packaging facility in Indiana, part of its broader US expansion tied to growing customer needs.
At gamescom 2026, Xbox CEO Asha Sharma told BBC News that Project Helix, the code name for Xbox's next-generation hardware, actually refers to a whole lineup of devices rather than a single console. She declined to give specifics or say whether the discless-versus-disc question applies to the entire family, only confirming that all Helix hardware will support both console and PC games and that performance will keep improving.
President Trump called Nvidia CEO Jensen Huang's cellphone in the middle of a company-wide staff meeting on Thursday, with Trump's voice audible through Huang's onstage microphone before Huang briefly stepped away and returned within a minute. The call came the same day Nvidia launched an employee-funded political action committee and a day after the company posted quarterly revenue of $96 billion, up 106 percent year over year.
Xbox CEO Asha Sharma told BBC News that Project Helix, previously described as a codename for Microsoft's next console, will actually be a 'family' of devices rather than a single machine. She declined to confirm whether any of these devices would be discless, though Microsoft recently launched a program letting users digitize physical games.
A commentary piece argues that many startups prize rapid execution over clearly articulating their mission, leaving employees and stakeholders unable to explain the company's direction. It draws a comparison between effective CEOs and evangelical preachers, both of whom must communicate a compelling vision that others can repeat and rally behind, not just move fast on their own understanding.
Affirm Holdings' stock rose 7% Friday after the buy now, pay later company posted better-than-expected fiscal fourth-quarter results. CEO Max Levchin told CNBC that elevated gasoline prices are straining household budgets, pushing more shoppers toward installment payment plans to manage costs.
Gap Inc. announced that customer chief Michael Francis will replace Haio Barbeito as Old Navy's CEO starting in November, part of an ongoing effort to revive the struggling brand. The announcement came alongside Gap's mixed second-quarter results, which beat earnings estimates but missed on revenue, sending shares up more than 16% in after-hours trading.
CrowdStrike CEO George Kurtz said on CNBC that artificial intelligence is accelerating cyberattacks faster than older security systems can respond, leaving even well-funded companies exposed. His comments came a day after CrowdStrike's strong earnings sent shares up more than 20% to a record close near $228. Kurtz cited incidents like Anthropic's Mythos model and an OpenAI agent that breached Hugging Face's systems as evidence of AI's growing offensive capabilities.
Tim Cook posted a video on X showing Pikachu roaming Apple Park during a visit from The Pokémon Company, including CEO Tsunekazu Ishihara, alongside Cook and incoming Apple CEO John Ternus. Cook joked that the goal was introductions, talking gaming, and keeping Pikachu away from the pond, but the character ended up near the water anyway.
SK Hynix held a groundbreaking ceremony at Purdue University in West Lafayette, Indiana, for its first U.S. facility, a $4 billion plant dedicated to packaging high-bandwidth memory chips. CEO Kwak Noh-Jung said the site will become a key American production base for HBM by 2030, with its first cleanroom expected to open in October 2028, though actual chip manufacturing will still occur in South Korea and China.
The home of Flock Safety's chief executive has had its image blurred out on Google Maps and its listing obscured on Zillow, apparently after users flagged the address in response to privacy concerns about the company's surveillance camera network. Commentators note that such blurring requests are free and available to any homeowner who wants their property hidden from these mapping services.
New Wendy's CEO Bob Wright has detailed a five-part strategy to reverse the chain's slide behind Burger King into third place among U.S. burger chains, citing prior 'quality degradation' as a key cause. The plan covers menu and ingredient improvements, fixing inconsistent store operations, selectively closing weak locations while opening new ones, overhauling marketing with new hire Tariq Hassan as chief marketing and customer growth officer, and scaling back reliance on discount promotions in favor of core menu value.