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Activision Blizzard to Bolster 'Call of Duty' Line-up

Activision Blizzard plans fresh content for its 'Call of Duty' video game franchise to revive flagging player interest. Ethan Miller GETTY IMAGES NORTH AMERICA/AFP/File
Activision Blizzard plans fresh content for its 'Call of Duty' video game franchise to revive flagging player interest. Ethan Miller GETTY IMAGES NORTH AMERICA/AFP/File
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Activision Blizzard to Bolster 'Call of Duty' Line-up

Activision Blizzard plans fresh content for its 'Call of Duty' video game franchise to revive flagging player interest. Ethan Miller GETTY IMAGES NORTH AMERICA/AFP/File
Activision Blizzard plans fresh content for its 'Call of Duty' video game franchise to revive flagging player interest. Ethan Miller GETTY IMAGES NORTH AMERICA/AFP/File

Activision Blizzard on Thursday said it will beef-up its "Call of Duty" video game franchise after sagging interest by players led to a sales decline in the recently ended quarter.

The promise of a new installment to the beloved "Call of Duty" line-up comes as Microsoft awaits regulatory approval of a deal to buy scandal-hit Activision for $69 billion, AFP said.

"With Microsoft's scale and resources, we will be better equipped to grow existing franchises, launch new potential franchises and unlock the rich library of games we have assembled over 40 years," Activision chief executive Bobby Kotick said in a quarterly earnings release.

Activision revenue tallied $2.16 billion in the final three months of last year, down from $2.41 billion in the same period of 2020, according to the release.

Net Income in the quarter was $564 million, up from $508 million in the same period, helped by reduced costs, earnings figures showed.

Activision said it is working on an "exciting pipeline of content" for this year, including "groundbreaking all-new experiences" for "Call of Duty.".

The Infinity Ward studio working on the project said in a tweet that "a new generation of 'Call of Duty' is coming soon, telling players to "Stay frosty."

The company did not hold an earnings call with analysts due to its pending acquisition by Microsoft.

Acquiring the troubled but highly successful Activision will make Microsoft the third-largest gaming company by revenue, behind Tencent and Sony, Microsoft said -- a major shift in the booming gaming world.

"Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms," Microsoft CEO Satya Nadella said when the deal was announced.

Activision, the California-based maker of "Candy Crush," has been hit by employee protests, departures, and a state lawsuit alleging it enabled toxic workplace conditions and sexual harassment against women.

The transaction -- which is expected to be finalized by June 2023 -- is subject to customary closing conditions, regulatory review and approval from Activision Blizzard's shareholders.

Microsoft, maker of Xbox consoles, remains a key player in a video game industry now thought to be larger than the movie sector, with market research firm Mordor Intelligence valuing it at $173.7 billion in 2020.

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US May Target Samsung, Hynix, TSMC Operations in China

A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)
A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)
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US May Target Samsung, Hynix, TSMC Operations in China

A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)
A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)

The US Department of Commerce is considering revoking authorizations granted in recent years to global chipmakers Samsung, SK Hynix and TSMC, making it more difficult for them to receive US goods and technology at their plants in China, according to people familiar with the matter.

The chances of the United States withdrawing the authorizations are unclear. But with such a move, it would be harder for foreign chipmakers to operate in China, where they produce semiconductors used in a wide range of industries, Reuters said.

A White House official said the United States was "just laying the groundwork" in case the truce reached between the two countries fell apart. But the official expressed confidence that the trade agreement would go forward and that rare earths would flow from China, as agreed.

"There is currently no intention of deploying this tactic," the official said. "It's another tool we want in our toolbox in case either this agreement falls through or any other catalyst throws a wrench in bilateral relations."

Shares of US chip equipment makers that supply plants in China fell when the Wall Street Journal first reported the news earlier on Friday. KLA Corp dropped 2.4%, Lam Research fell 1.9% and Applied Materials sank 2%. Shares of Micron, a major competitor to Samsung and SK Hynix in the memory chip sector, rose 1.5%.

A TSMC spokesman declined comment. Samsung and Hynix did not immediately respond to requests for comment. Lam Research, KLA and Applied Materials did not immediately respond, either.

In October 2022, after the United States placed sweeping restrictions on US chipmaking equipment to China, it gave foreign manufacturers like Samsung and Hynix letters authorizing them to receive goods.

In 2023 and 2024, the companies received what is known as Validated End User status in order to continue the trade.

A company with VEU status is able to receive designated goods from a US company without the supplier obtaining multiple export licenses to ship to them. VEU status enables entities to receive US-controlled products and technologies "more easily, quickly and reliably," as the Commerce Department website puts it.

The VEU authorizations come with conditions, a person familiar with the matter said, including prohibitions on certain equipment and reporting requirements.

“Chipmakers will still be able to operate in China," a Commerce Department spokesperson said in a statement when asked about the possible revocations. "The new enforcement mechanisms on chips mirror licensing requirements that apply to other semiconductor companies that export to China and ensure the United States has an equal and reciprocal process.”

Industry sources said that if it became more difficult for US semiconductor equipment companies to ship to foreign multinationals, it would only help domestic Chinese competitors.

"It’s a gift," one said.