If you read this really, really slowly, it might be the weekend by the time you are done.
Illustration: Sarah Grillo/Axios
The abrupt resignation of Intel CEO Brian Krzanich has created what could be the first succession crisis in the company's history.
Why it matters: Intel has typically groomed and then promoted one of its own longtime leaders. But the combination of Krzanich's sudden departure and a number of high-level executive exits in recent years has left the company with a surprisingly slim bench.
Though not perhaps the dominant force it was during the heyday of the PC, Intel remains the largest U.S. semiconductor company and a foundational institution in Silicon Valley.
The bottom line: Intel could end up with its first outside CEO, or at least the return of a former executive rather than the promotion of a current leader.
Here's a list of early possibilities, according to current and former Intel employees, as well as chip industry experts.
External candidates with Intel ties:
Intel declined comment on its search or potential candidates.
Meanwhile, there's just as much discussion over Krzanich's sudden departure. Yes, Intel's rules do prohibit consensual relationships among subordinates. Plus, according to its statement, Intel only recently became aware of this relationship even though it started some time ago.
The U.S. Supreme Court. Photo: Chip Somodevilla/Getty Images
The Supreme Court ruled 5-4 Thursday to allow states to collect sales tax from online and out-of-state retailers. Axios' Marisa Fernandez took a look at the ruling and its implications.
Why it matters: As the U.S. tries to catch up with digital companies that operate without a physical presence, the ruling has created an extra hurdle for companies handling online transactions. The decision may prompt Congress to introduce new legislation for an overhaul on unifying e-commerce for all 50 states.
The details: Currently, 45 states collect sales tax. Major e-commerce sites like Amazon and Nordstrom already have sales tax built into consumers’ purchases, and are equipped to deal with the complexity, while others will have to adapt to the changes.
What's next: Many major online retailers are looking to Congress to clarify the ruling with a framework to defend small businesses and provide uniformity and consistency, said Eric Fader, state and local tax partner for BDO.
What they’re saying:
Illustration: Rebecca Zisser/Axios
Chinese raids of U.S. intellectual property have helped China build a solid high-tech economy. But the U.S. semiconductor industry is still far ahead — and China is desperate to catch up.
The bottom line: Semiconductor manufacturers are fighting to protect IP from the Chinese, fearing that, without coherent action from the Trump administration, Beijing could bulldoze their industries.
Inside Micron: Axios' Erica Pandey has a deep look at the issue, and how it has affected one company in particular, memory-chip maker Micron.
What's happening: Three weeks ago, Micron and South Korean chipmakers Samsung and SK Hynix all reported that the Chinese government had launched antitrust probes into their firms and accused them of setting artificially high prices for memory chips.
Micron's fight to protect its IP is not new. Other U.S. firms have run up against the same Chinese antitrust policies or regulations and have been forced to strike deals with Beijing.
The stakes: Chinese President Xi Jinping has clearly outlined in speeches that he'd like to see China become the global leader in cutting-edge technology — including semiconductors — by 2025.
Meanwhile, the Trump administration seems to be focusing more on balancing trade with China than addressing IP concerns. Trump's flip on Chinese phone maker and sanctions violator ZTE — though blocked by the Senate — was "hugely problematic," the industry source says.
Go deeper: Chinese theft of U.S. tech is hard to stop.
Usage of smartphones goes up 42% in the summer, according to Edelman Intelligence research conducted for Samsung.
My thought bubble: I know that people are off school and work a bit less, but it's hard to believe there are enough hours in the day for usage to go up that much.
It turns out gnocchi is easier to make than one might think, according to the Wall Street Journal.