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Chinese chipmaker GigaDevice rose 54% in its Hong Kong debut after raising ~$600M in its IPO, and reported H1 2025 profit of ~$84M, up 14% from H2 2024 (Bloomberg)

Bloomberg : Chinese chipmaker GigaDevice rose 54% in its Hong Kong debut after raising ~$600M in its IPO, and reported H1 2025 profit of ...

12 January 2026

Sources: Meta plans to lay off ~10% of its 15,000-person Reality Labs division, disproportionately affecting those working on VR headsets and Horizon Worlds (New York Times)

New York Times:
Sources: Meta plans to lay off ~10% of its 15,000-person Reality Labs division, disproportionately affecting those working on VR headsets and Horizon Worlds  —  The layoffs are set to be announced this week and would affect Meta's work on the metaverse, as the company spends heavily on building artificial intelligence.

Posted from: this blog via Microsoft Power Automate.

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