Category: Chip
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Government scheme boosts UK chip start-ups with £10 million funding injection
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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…
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Intel slashes 18,000 jobs and suspends dividend to better compete with chip rivals Nvidia and AMD
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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…
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S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals By Reuters
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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…
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Samsung flags strong AI demand as profit soars on higher chip prices By Reuters
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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)…
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South Korea Taps US Trade Deal to Prevent Chip Spats with Japan
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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…
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Chip equipment cos Nova, Camtek slip from peak
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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…
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Exclusive-Illicit chip flows to Russia seen slowing, but China, Hong Kong remain transshipment hubs By Reuters
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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.…
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S&P 500, Dow surge to record highs as blue chip index gains over 700 points
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Investors are confident that the Federal Reserve will cut interest rates by the end of its meeting in September. As of Tuesday morning, markets were pricing in a 100% chance of a rate cut in September, According to CME FedWatch TooNo, up from 70% a month ago. The increased confidence…
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SA Asks: What are the best chip stocks to invest in right now? (NASDAQ:NVDA)
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Antonio Bordonovi Chipmakers and designers like NVIDIA (NASDAQ: NVDA), semiconductor manufacturing in Taiwan (New York:TSM) and broadcomNASDAQ: AVGOIts shares have seen impressive gains over the past few months, largely due to the AI revolution that has increased demand for its products. since At the beginning of the year, NVIDIA (NVDA…
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Texas chip brand hit with lawsuit after the death of a child in Massachusetts
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A lawsuit was filed Thursday in the case of a Massachusetts teen who died after participating in the spicy tortilla chip challenge on social media. Harris Woolopah, a 10th grader from Worcester, died on September 1, 2023, after eating Paki chips as part of the manufacturer’s “One Chip Challenge”. A…
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Local Bottom or More Pain for Bitcoin’s Price? Bitfinex Analysts Chip In
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Although Bitcoin (BTC) has fallen to its lowest level since February 26 and hovered around the $57,000 range over the past few days amid high volatility, Bitfinex analysts have seen on-chain signs that the leading crypto asset may not record any further declines. According to this week’s release of Bitfinex…
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Nvidia is poised to surge another 16% as signs point to ‘exceedingly robust’ demand for its next-gen Blackwell chip, UBS says
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Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/PI Nvidia’s stunning stock rally could continue to $150 per share, UBS said. Recent supply chain checks show “very strong” demand for Nvidia’s next-generation chips, the bank said. Nvidia’s potential EPS of $5 in 2025 would give it a valuation…
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What is the Key to Bitcoin’s Next Bull Rally? Analysts Chip In
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Bitcoin’s price has been stagnant since its peak in March due to tighter US monetary policy, which has reduced the supply of stablecoins, according to CryptoQuant analysts. “The reason why Bitcoin has not been able to rise further is mainly due to the tightening of monetary policy in the United…
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What is the Key to Bitcoin’s Next Bull Rally? Analysts Chip In
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Bitcoin’s price has been stagnant since its peak in March due to tighter US monetary policy, which has reduced the supply of stablecoins, according to CryptoQuant analysts. “The reason why Bitcoin has not been able to rise further is mainly due to the tightening of monetary policy in the United…
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Former ASML CEO says US-China chip fight will continue By Reuters
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AMSTERDAM (Reuters) – The recently retired chief executive of semiconductor equipment maker ASML said in an interview with Dutch broadcaster BNR on Saturday that the dispute between the United States and China over computer chips is ideological, not based on facts and is set to continue. Wennink left his post…
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Samsung flags better-than-expected profit rise as AI boom lifts chip prices By Reuters
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By Joyce Lee and Heekyung Yang SEOUL (Reuters) – Samsung Electronics Co Ltd on Friday forecast a more than 15-fold jump in second-quarter operating profit, as a rebound in semiconductor prices driven by the artificial intelligence boom lifted earnings from a low a year ago. The world’s largest maker of…
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AI chip startup Lightmatter hires Nvidia’s Jankowski as CFO
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Boutelish Lighmatter, an AI chip startup focused on optical supercomputing, has hired longtime Nvidia (NASDAQ: NVDAThe company announced on Monday the appointment of CEO Simona Jankowski to the position of CFO. Jankowski spent more than two decades at NVIDIA, where she served as vice president Investor relations and strategic finance.…
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Safety Shot Announces Strategic Partnership with Chip Quigley and Ari Freedman By Investing.com
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executive managers will support Company with Deep experience in the entertainment fieldDevelopment and distribution Jupiter, Florida., June 25, 2024 /PRNewswire/ — Safety Shot (Nasdaq: SHOT) today proudly announces a strategic partnership with… Chip QuigleyFounder and CEO of Kingdom Entertainment GroupAnd Ari Friedmanan experienced executive at Surge Brands, to advise across…
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Exposure to Nvidia and Other Top Chip Stocks
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It’s hard to look beyond Nvidia (Nasdaq: NVDA) these days, but it’s important to remember that there are also plenty of other great semiconductor (chip) stocks out there. VanEck Semiconductor ETF (Nasdaq:SMH) enables investors to learn about both Nvidia and other attractive opportunities in the semiconductor space. I’m bullish on…
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onsemi to invest up to $2B to build chip facility in Czech Republic
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sefa ozel/E+ via Getty Images onsemi, based in Scottsdale, Arizona, plans to invest up to $2 billion to build an integrated silicon carbide manufacturing facility in the Czech Republic. Company He said on Wednesday that the site will produce smart power semiconductors needed to improve energy efficiency in applications In…