Category: Chip
-
Tower teams with Adani on $10b Indian chip plant
•
Israeli chipmaker Tower Semiconductor Co., Ltd. (NASDAQ: TSEM; level:TSEMTower and the Adani Group are planning to build a chip manufacturing plant in the Mumbai suburb of Taloja, according to a tweet from Devendra Fadnavis, deputy chief minister of the western Indian state of Maharashtra. Tower and Adani will invest $10…
-
Exclusive-Qualcomm has explored acquiring pieces of Intel chip design business, sources say By Reuters
•
By Anirban Sen, Max A. Czerny, Milana Finn, and Mike Spector SAN FRANCISCO/NEW YORK (Reuters) – Qualcomm Inc (NASDAQ: QCOM) has explored the possibility of acquiring parts of Intel Corp (NASDAQ: INC)’s design business to bolster the company’s product portfolio, two people familiar with the matter said. The mobile chipmaker…
-
China warns Japan of economic reprisal if potential new chip curbs are imposed
•
HH 5800 China has warned of tough economic retaliation against Japan if it continues to impose restrictions on its sales and maintenance of chipmaking equipment to Chinese companies, Bloomberg News reported. Senior Chinese officials have reiterated this position in recent meetings with their Japanese counterparts, the report said. Added Quoted…
-
Nvidia will grow to a $10 trillion company and the Blackwell chip will be like ‘fireworks’ for the stock, analyst says
•
Michael M. Santiago/Getty, Tyler Lee/PA Analyst Beth Kendig says Nvidia is on track to reach a $10 trillion valuation. Kendig expects strong growth and “fireworks” for the stock after its launch at Blackwell. Jensen Huang assured investors that Nvidia’s next-generation AI chip will generate billions of dollars in revenue. Nvidia…
-
Nations building their own AI models add to Nvidia’s growing chip demand By Reuters
•
Written by Archia Bajwa Countries that build artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:NVIDIA) chips, adding to already surging demand as generative AI takes center stage for businesses and governments, a senior executive said Wednesday. Nvidia’s third-quarter forecast for a surge in sales of its…
-
Nations building their own AI models add to Nvidia’s growing chip demand By Reuters
•
Written by Archia Bajwa Countries that build artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:NVIDIA) chips, adding to already surging demand as generative AI takes center stage for businesses and governments, a senior executive said Wednesday. Nvidia’s third-quarter forecast for a surge in sales of its…
-
Serial entrepreneur Avigdor Willenz founds new chip startup
•
Serial entrepreneur and chip investor Avigdor Willens has founded a secret company, in collaboration with his former partners in Havana Labsa new AI chip startup called Touch, which according to the founders’ shared history could lead to a massive exit within a few years. Touch’s founding team includes CEO David…
-
Nvidia, chip stocks rebound as Piper Sandler calls out ‘tremendous opportunity’ after sell-off
•
Nvidia (NVDA) stock rose slightly on Wednesday amid broader gains in chip stocks after Piper Sandler analysts told investors there was a “huge opportunity” to buy the chip giant’s shares after they fell more than 25% from recent highs. “Fundamentally, NVDA remains the strongest player in AI acceleration,” wrote Harsh…
-
Intel to cut 15,000 jobs in bid to catch up in AI chip race
•
Intel, the US semiconductor giant, is set to cut 15,000 jobs as part of an aggressive effort to revitalize lagging manufacturing operations and keep up with the competitive artificial intelligence chip market. Shares of the California-based company fell 20% in after-hours trading in New York to $29.05 after announcing a…
-
Elon Musk says a person with a Neuralink chip could beat a pro gamer in a few years
•
It is not far off now to envision a future where a human with a chip-enhanced brain can defeat a professional video gamer. In an episode of Lex Friedman Podcast In an article published Friday, Musk pointed to his startup Neuralink, which implanted a chip in someone’s brain earlier this…
-
Intel leads chip stocks decline after results, outlook weighs on investor sentiment
•
Sefa Ozil Intel CorporationNASDAQ:INTC) chip stocks fell Friday after the company’s second-quarter results and guidance rattled investors and analysts alike. arm (army) -8%Micron (MU) technology -7%semiconductors (ON) -5%Taiwan Semiconductor Manufacturing Company (TSM) -5%Analog devices (Adi) -4%NXP Semiconductor Corporation (NXPI) -4%Broadcom (I am bored) -3%Texas Instruments, Inc.TXN) -3%Nvidia (NVDA program) -1%and…
-
Government scheme boosts UK chip start-ups with £10 million funding injection
•
The UK government’s ChipStart programme has enabled semiconductor start-ups to secure over £10m in private investment and grants, with nearly £20m in total commitments. This initiative works to promote innovation in various fields, from the efficiency of artificial intelligence to advanced healthcare technologies. Eleven semiconductor start-ups have joined the second…
-
Intel slashes 18,000 jobs and suspends dividend to better compete with chip rivals Nvidia and AMD
•
West Virginia Governor Jim Justice, a Republican candidate for U.S. Senate, is fighting to keep his iconic Greenbrier Hotel. A legal notice announcing the auction of the luxury resort near White Sulphur Springs over unpaid debts was published in the West Virginia Daily News on Wednesday — the latest development…
-
S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals By Reuters
•
By Chibuike Ojoh NEW YORK (Reuters) – The Nasdaq Composite and Nasdaq Composite posted their biggest daily percentage gains since Feb. 22 and the Dow Jones Industrial Average rose on Wednesday as chip stocks surged and the Federal Reserve left interest rates unchanged while signaling possible easing in September if…
-
Samsung flags strong AI demand as profit soars on higher chip prices By Reuters
•
By Joyce Lee and Heekyung Yang SEOUL (Reuters) – Samsung Electronics Co Ltd forecast strong demand for artificial intelligence-powered chips in the second half of this year, reporting a more than 15-fold increase in its second-quarter operating profit. “AI servers are expected to capture a larger share of the (memory)…
-
South Korea Taps US Trade Deal to Prevent Chip Spats with Japan
•
Breadcrumbs Path Links PMN Business South Korea is seeking to play a bigger role in a U.S.-led trade pact in Asia aimed at stemming the risk of friction with Japan that has affected global semiconductor supply chains. Article author: Published on July 30, 2024 • Read for 3 minutes You…
-
Chip equipment cos Nova, Camtek slip from peak
•
Until two weeks ago, Israeli chip testing companies were Kamtech (NASDAQ: CAMT, TSE: CAMT) and Nova Co., Ltd. (NASDAQ:My soul; level:My soul) have been shining on Wall Street since the start of 2024, each rising just over 100% to record highs, also helping lift the Tel Aviv 35 Index this…
-
Exclusive-Illicit chip flows to Russia seen slowing, but China, Hong Kong remain transshipment hubs By Reuters
•
By James Pomfret and Michael Martina HONG KONG/WASHINGTON (Reuters) – Semiconductors and other banned goods shipped through China and Hong Kong to fuel Russia’s war effort have fallen by a fifth this year, previously undisclosed U.S. Commerce Department data shows, but Hong Kong remains a global hub for sanctions evasion.…