Tech Turmoil: Courts Hacked, Space IPO Soars & Tech Titans Tussle – Global Roundup (Aug 7–8, 2025)
Sony raised its full-year profit forecast to ¥1.33 trillion (~$9 billion) and cut tariff impact to ¥70 billion from ¥100 billion. Sony’s PlayStation division first-quarter PS5 sales rose to 2.5 million units, up 4%. SMIC’s Q2 revenue rose 16% to $2.2 billion, with net profit down 19% to $132.5 million, as contingency plans and strong domestic demand kept capacity near full through October. Trump demanded Intel CEO Lip-Bu Tan resign over alleged ties to Chinese firms, sending Intel shares down about 3%; Intel is backed by roughly $8 billion in CHIPS Act subsidies. The Administrative Office of the U.S. Courts