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RadioShack filed for bankruptcy protection on Thursday, in a long-expected move that will result in the struggling electronics retailer closing around half of its stores in the US and Canada.

The firm is seeking protection under Chapter 11 of US bankruptcy law, which will allow it to continue operations as it attempts to restructure its debts. The chain hasn't reported a quarterly profit since , and with its shares trading for mere pennies, its stock was delisted by the New York Stock Exchange this week. General Wireless, a subsidiary of hedge fund Standard General, has agreed to acquire between 1, and 2, of RadioShack's company-owned retail stores, which currently number around 4, Those locations not so acquired — described by the firm as "underperforming stores" — will be shuttered.

The approximately 1, RadioShack stores that are owned by franchisees and the company's operations in Asia and Mexico are not part of the bankruptcy.

As part of the arrangement, US mobile carrier Sprint will open a store-within-a-store presence in approximately 1, of the remaining RadioShack locations. Earlier rumors had suggested that Sprint would take over operations of some of RadioShack's stores, but the carrier said on Thursday that it would take over around a third of the floor space of each store, which would still carry the RadioShack brand.

These locations will effectively be co-branded stores, however, and they will offer mobile devices for Sprint's network exclusively, along with RadioShack products. Sprint and RadioShack expect to benefit from operational efficiencies and by cross-marketing to each other's customers. The deal would expand Sprint's retail presence considerably, as it currently only operates around 1, stores of its own. Other firms will also be able to bid on the retailer's assets, if they're so inclined.

The bankruptcy plan is subject to approval by the court but is expected to close within the next few months. In conjunction with a White House meeting on Thursday at which technology companies discussed the security of open source software, Google proposed three initiatives to strengthen national cybersecurity.

The meeting was arranged last month by US national security adviser Jake Sullivan, amid the scramble to fix the Log4j vulnerabilities that occupied far too many people over the holidays. Sullivan asked invited firms — a group that included Amazon, Apple, Google, IBM, Microsoft, and Oracle — to share ideas on how the security of open source projects might be improved.

Google chief legal officer Kent Walker in a blog post said that just as the government and industry have worked to shore up shoddy legacy systems and software, the Log4j repair process — still ongoing — has demonstrated that open source software needs the same attention as critical infrastructure. Apple's having a problem retaining top chip personnel, with the latest defection being CPU architect Mike Filippo going to Microsoft.

As chief compute architect at Microsoft, Filippo will design server chips for the software giant, according to media reports. The US Federal Communications Commission is considering imposing stricter rules requiring telecommunications carriers to report data breaches to customers and law enforcement more quickly.

At the moment, companies have to wait seven business days before they can disclose a data breach to their customers. Under the new plan, the waiting period will be scrapped altogether so people can be notified sooner. Two serious security vulnerabilities were recently found in AWS services, but because they were responsibly reported and the cloud biz responded quickly, no harm appears to have been done. On Thursday, Orca Security published details about Superglue and BreakingFormation , vulnerabilities in AWS Glue and AWS Cloud Formation that allowed attackers to access data for other customers and to access files and make server-side requests to internal web services infrastructure.

AWS Glue is a serverless data integration service for preparing data for subsequent processing. But thanks to an internal misconfiguration, Orca Security researchers were able to obtain more information than should have been allowed.

Although the companies faced the highest attrition rates in three years and were forced to raise hiring targets, increasing use of technology during the pandemic has given a wide range of verticals a reason to shift from data centres to the cloud. In turn, the pandemic's subsequent digitisation race has presented the IT consulting companies with a thriving market. Taiwan Semiconductor Manufacturing Company TSMC will hike capital spending by a nearly third in to build out production capacity in the expectation that demand for chips keeps flooding in.

The top line was driven by demand for semiconductors manufactured with TSMC's 5nm process technology. This contributed to 23 per cent of TSMC's total wafer revenue in the quarter, while those made using its 7nm process accounted for a further 27 per cent. These advanced technologies therefore made up half of TSMC's total wafer revenue during the quarter. It appears that today's victim of the Chocolate Factory axeman is legacy Google Voice for personal accounts.

To be fair, and despite Google's apparent delight at killing off services , this one has been on the cards for a while, certainly since the company overhauled the user interface in with its "modern experience. However, some users have stuck with the legacy web version of Voice despite warnings that bits of it would stop working in In July, the company said in a not-at-all-threatening manner:.