Adyen reports Q3 revenue up 20% YoY to €498.3M, vs. €503.3M est., and processed volume growth slowed to 32% from 45% in H1 2024; ADYEN falls 9%+ in Amsterdam (Sarah Jacob/Bloomberg)

Sarah Jacob / Bloomberg:
Adyen reports Q3 revenue up 20% YoY to €498.3M, vs. €503.3M est., and processed volume growth slowed to 32% from 45% in H1 2024; ADYEN falls 9%+ in Amsterdam  —  The Amsterdam-based company’s processed volume expansion missed estimates in the period, slowing to 32% in the period from 45% in the first half.

Malaysia’s Johor state has drawn ~50 data center projects in the last three years, creating 40,000 jobs but raising concerns about power and water shortages (Rest of World)

Rest of World:
Malaysia’s Johor state has drawn ~50 data center projects in the last three years, creating 40,000 jobs but raising concerns about power and water shortages  —  Data centers for companies like Google, Amazon, and Nvidia are transforming Johor state, with locals bracing for higher real estate costs and resource shortages.

Experts say President-elect Donald Trump will likely uphold the CHIPS Act, despite his campaign rhetoric, with some modifications to its implementation (Dylan Butts/CNBC)

Dylan Butts / CNBC:
Experts say President-elect Donald Trump will likely uphold the CHIPS Act, despite his campaign rhetoric, with some modifications to its implementation  —  President-elect Donald Trump is unlikely to roll back the Biden administration’s CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say.

Qualcomm and Arm’s earnings results show the smartphone industry making an uneven comeback, with both companies seeing a stronger demand for high-end models (Ian King/Bloomberg)

Ian King / Bloomberg:
Qualcomm and Arm’s earnings results show the smartphone industry making an uneven comeback, with both companies seeing a stronger demand for high-end models  —  – Both companies are seeing stronger demand for high-end models  — Qualcomm results outshine Arm’s in dueling reports Wednesday

Roblox plans to stop kids under 13 from accessing experiences with “certain types of interactive features”, including “social hangouts”, starting November 18 (Jay Peters/The Verge)

Jay Peters / The Verge:
Roblox plans to stop kids under 13 from accessing experiences with “certain types of interactive features”, including “social hangouts”, starting November 18  —  Roblox is going to block kids from accessing certain types of experiences following reports alleging that the platform has enabled child abuse.

Sources: TSMC and GlobalFoundries have finished negotiating agreements for billions of dollars in grants and loans under the CHIPS Act to support US factories (Mackenzie Hawkins/Bloomberg)

Mackenzie Hawkins / Bloomberg:
Sources: TSMC and GlobalFoundries have finished negotiating agreements for billions of dollars in grants and loans under the CHIPS Act to support US factories  —  – US officials look to announce agreements in coming weeks  — Biden team is racing to get Chips Act money out the door