Intel reported first-quarter results on Thursday that showed a staggering 133% annual reduction in earnings per share. Revenue dropped nearly 36% year over year to $11.7 billion. Kif Leswing for CNBC: For the second quarter, Intel expects to lose 4 cents per share on revenue of $12 billion. That forecast is shy of analyst expectations for earnings of 1 cent per share on $11.75 billion in sales, according to Refinitiv. In the first quarter, Intel swung to a net loss of $2.8 billion, or 66 cents per share, from a net profit of $8.1 billion, or $1.98 per share, last year. It’s the fifth consecutive quarter of falling sales for the semiconductor giant and the second consecutive quarter of losses.…

Major Apple supplier TSMC is in talks with partners to spend up to €10 billion ($11 billion) to build a chip fabrication plant in Saxony, Germany, Bloomberg News reports Thursday citing “people familiar with the matter.” Jillian Deutsch and Alberto Nardelli for Bloomberg News: The planned venture between TSMC, NXP Semiconductors NV, Robert Bosch GmbH and Infineon Technologies AG will include state subsidies and would have a budget of at least €7 billion, with the total investment likely closer to €10 billion, the people said, asking not to be identified because the information is private. A final decision has not been made and the plans could still change, they said. TSMC Chairman Mark Liu told shareholders in 2021 that the…

Macworld Mac fans have a lot of reasons to be excited about the M3 chip, which will reportedly bring a better speed boost and longer battery life compared to the M2. But according to a new report, we’re going to have to wait a little bit longer to see what the new chip can do. According to Revegnus (@Tech_Reve) on Twitter, the M3 chip destined for the iPad Pro and next-generation Macs, won’t arrive until next year. Apparently, TSMC, which manufactures the chips, is currently unable to meet Apple’s demand “due to yield issues.” Update: No M3 Mac or iPad for this yearDue to yield issues with TSMC not being able to supply enough of the M3 to Apple, Apple…