Two Chinese nationals arrested in the U.S. over GPU smuggling worth 'tens of millions of dollars' — over 20 shipments of AI chips and numerous illicit payments tracked
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Chinese GPU maker Cambricon Technologies reported a Q1 revenue of $423 million, marking a significant increase over the previous year. The company's net profit also rose by 185%, reflecting its growth in the AI chip market. Cambricon's success comes as Chinese chipmakers, including MetaX Integrated Circuits, are gaining market share from Nvidia in China. Despite facing challenges, such as losing Huawei as a major customer, Cambricon has shown substantial growth and profitability. The company aims to increase its AI accelerator shipments in 2026 and is positioned as a key player in China's AI hardware supply chain.
Toronto police arrested three individuals running a mobile SMS blaster scheme in downtown Toronto, which caused 13 million network disruptions and infiltrated tens of thousands of devices. The SMS blasters blocked 911 calls and stole cellphone data by impersonating cell towers and sending fraudulent texts. The operation was the first of its kind in Canada and has since been dismantled, but authorities warn of continued vigilance against fraudulent texts. The devices used in the scheme were uniquely built and not publicly shared for safety reasons, and similar operations have been reported in other countries like the Philippines.
The semiconductor industry is facing increasing pressure to address carbon emissions, with a new report from TechInsights highlighting the impact of AI chips on the environment. The report projects a significant rise in fabrication emissions, particularly from advanced technologies and AI accelerators. It emphasizes the importance of considering manufacturing carbon as a strategic variable in decision-making processes. The study also examines the carbon footprint of consumer and enterprise devices, revealing that memory and storage components contribute significantly to embodied carbon. To mitigate emissions, the report suggests actions such as pursuing cleaner electricity sources and optimizing platform configurations.
Former ransomware negotiator Angelo Martino has pleaded guilty to collaborating with the ALPHV/BlackCat ransomware gang to extort five U.S. companies, providing confidential details about the victims' insurance policies and negotiation perceptions. Martino's actions led to over $75 million in ransom payments, with individual payments exceeding $25 million. He also participated in deploying BlackCat ransomware against additional U.S. victims, demanding over $16 million in ransom. Law enforcement has seized more than $10 million from Martino, including cryptocurrency and various assets purchased with illicit proceeds. Martino, along with his co-conspirators, faces a maximum of 20 years in prison, with sentencing scheduled for July 9th.
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