From X-bit Labs: Globalfoundries, a leading contract maker of semiconductors controlled by ATIC and AMD, plans to spend whopping $5.4 billion on expansion of its current facilities as well as on building its new manufacturing facility in the state of New York.

The capital spending...

From InfoWorld: Microsoft has patched three vulnerabilities in Windows, one that could be exploited by attackers who dupe users into visiting a malicious website.

The company also debuted a new defensive measure to help users ward off ongoing attacks that are exploiting a known bug...

From PC World: Things just keep getting worse for MySpace. The former social networking hub recently announced it would cut nearly half of its global workforce as part of a restructuring effort. As many as five hundred MySpace employees worldwide will soon be looking for work as...

From CNET News.com: It's been a volatile year for Formspring, a question-and-answer service that saw lightning-fast growth in the wake of its November 2009 launch but also controversy and scorn as it was criticized for harboring high levels of spam and nasty anonymous bullying...

From CNET News.com: In the spirit of opening up Microsoft's Kinect gaming peripheral to more types of user control schemes, the Blitz marketing agency tomorrow is planning to release software that will let the Kinect work with Adobe's Flash, as well as other interface tools like...

From DailyTech: In a surprising move, Google has abandoned support for the h.264 video codec, used (among other codecs) to power HTML5 video in its Chrome browser. The company writes [blog]:

We expect even more rapid innovation in the web media platform in the coming year and...

From DailyTech: Microsoft is challenging Apple's filing for a trademark on the term "App Store," Good Gear Guide reports, because it feels the term is generic and that competitors should be able to use it as well.

In its 2008 filing with the U.S. Patent and Trademark Office, Apple...

From X-bit Labs: Globalfoundries, the contract maker of semiconductors that produces leading-edge microprocessors for Advanced Micro Devices, denied rumours earlier spread by a financial analyst about further delays of production using 32nm silicon-on-insulator process technology. As...

From X-bit Labs: OCZ Technology, once the legendary name among the suppliers of high-speed memory modules, plans to completely withdraw from the dynamic random access memory market. As a result, the company will concentrate its efforts on solid-state drives (SSDs), flash media and...

From InfoWorld: German security researcher Thomas Roth has found an innovative use for cloud computing: cracking wireless networks that rely on pre-shared key passphrases, such as those found in homes and smaller businesses.

Roth has created a program that runs on Amazon's Elastic...