Nvidia supplier Foxconn third-quarter profit beats expectations, rising 17% on AI demand
Foxconn, the world's largest contract electronics maker, reported Wednesday that its third-quarter profit jumped 17% from a year earlier.
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AMD's Lisa Su sees 35% annual sales growth driven by 'insatiable' AI demand
Su said that AMD could be able to achieve "double-digit" share in the data center AI chip market over the next three to five years.
AMD Predicts Accelerating Sales Growth Driven by Data Centers
Advanced Micro Devices Inc., Nvidia Corp.’s nearest rival in AI chips, predicted accelerating sales growth over the next five years, driven by strong demand for its data center products.
AMD expected to outline plans for AI chip business at analyst day | Reuters
... AI. Along with the MI400 chips, AMD is also planning to launch a ... news provider, reaching billions of people worldwide every day. Reuters...
Cerebras to Help Build Guyana Data Center, Unveils Sovereign AI Push
Cerebras Systems Inc. is teaming up with the government of Guyana on a multibillion-dollar deal to build the area’s first data center, part of a push by the AI chip upstart to help countries expand their artificial intelligence infrastructure.
Huawei’s Ascend-powered CloudMatrix platform tops biennial tech innovation list
Huawei Technologies’ advanced data centre architecture powered by its Ascend chips topped the biennial ranking of the Shenzhen-based company’s latest inventions.
Initially launched as the CloudMatrix 384, the Scale-Up Ultra-Large-Scale computing system was described by Huawei and Chinese artificial intelligence infrastructure start-up SiliconFlow in a paper as a specialised “AI supernode” that is purpose built for handling extensive AI workloads.
Originally designed with 384 Ascend 910C neural...
SoftBank sells its entire stake in Nvidia for $5.83 billion
The Japanese conglomerate said Tuesday it sold 32.1 million shares of Nvidia in October.
Semiconductor giant TSMC posts slowest growth in 18 months amid AI bubble debate
Taiwan Semiconductor Manufacturing Co (TSMC) posted its slowest monthly revenue growth in more than a year, lending credence to concerns that the artificial intelligence stock rally is not justified by the industry’s business prospects.
TSMC, the main contract manufacturer to AI chip leader Nvidia, posted a 16.9 per cent rise in sales for October, the slowest pace since February 2024.
Still, that tracks with the average analyst estimate for a 16 per cent sales increase in the current quarter....
SoftBank Sells Nvidia Stake for $5.8 Billion to Fund AI Bets
SoftBank Group Corp. sold its entire stake in Nvidia Corp. for $5.83 billion to help bankroll AI investments, even as investors question the amount of capital pouring into a technology with uncertain returns.
AI trade faces key test before Nvidia earnings: AMD's analyst day - CNBC
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Intel CEO to oversee its AI efforts after executive departs for OpenAI | Reuters
Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. ... "AI remains one of Intel's highest...
Nvidia CEO’s ask of Taiwan Semi means more upside for this portfolio stock
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Former Google, Meta executives raise $100 million for high-capacity AI servers startup
The three plan to sell high-memory server technology.
Trumpf: Semiconductor Strategy a ‘Core Part’ of Growth Strategy
Manufacturing equipment for the semiconductor industry is becoming a bigger and bigger priority for industrial firm Trumpf says the company's Chief Technology Officer, Berthold Schmidt. Meanwhile, when discussing Trumpf's involvement in manufacturing defense equipment, Schmidt emphasized that the company was acting out of a desire to protect Europe rather than an attempt to capitalize on the defense boom and make "fast money". Schmidt spoke on "The Pulse with Francine Lacqua" on Bloomberg TV. (Source: Bloomberg)
Data Centers in Nvidia’s Hometown Stand Empty Awaiting Power
The fate of two facilities in Santa Clara, California, highlights a major challenge for the US tech sector and indeed the wider economy.
TSMC's Slowing Monthly Sales Fuel AI Sustainability Debate - Bloomberg.com
Taiwan Semiconductor Manufacturing Co. reported slowing growth in monthly revenue, highlighting uncertainty over the sustainability of the AI boom...
TSMC Posts Slowest Growth in 18 Months Amid AI Bubble Debate
Taiwan Semiconductor Manufacturing Co. reported slowing growth in monthly revenue as investors debate the sustainability of an AI boom that has propelled the stocks of customers like Nvidia Corp. this year.
China Resumes Nexperia Chip Exports to Ease Supply Crunch
China has restarted some exports of Nexperia chips, potentially easing a supply crunch in the automotive industry and taking a step toward resolving a conflict with the Netherlands.
China Resumes Nexperia Chip Export, Urges EU to Make Progress
China on Sunday confirmed that it has taken steps to exempt compliant exports of Nexperia chips intended for civilian use, while urging the European side to make progress in resolving the clash that threatens to disrupt global auto production.
Nvidia CEO Asks TSMC for More Wafers to Meet Strong AI Demand - Bloomberg
Nvidia's three AI memory chip suppliers — SK Hynix Inc., Samsung Electronics Co. ... Nvidia CEO Jensen Huang News Conference. Why Is Nvidia the King of...
Plunge in Asia’s AI Shares Sows Doubts Over World-Beating Rally
The sudden slump in Asia’s technology shares last week has jolted investors, serving as a stark reminder that the world-beating rally in artificial intelligence and semiconductor stocks may be nearing a short-term crest.
OpenAI's Altman urges US to expand Chips Act tax credit for AI growth | Reuters
... AI server production, AI data centers and grid components. ... Get a quick look at the days breaking legal news and analysis from The Afternoon Docket...
Nvidia won't sell Blackwell AI chips to China, CEO Jensen Huang says - Quartz
HomeLatestBusiness NewsMoney & MarketsTech & InnovationA.I.LifestyleLeadership✉️ Emails Podcasts · A.I.. Nvidia isn't going back to China anytime...
US to block Nvidia's sale of scaled-down AI chips to China, The Information reports | Reuters
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. The chip, known as the B30A, can be utilized to...
Nvidia-backed start up Starcloud sends AI-equipped satellite to space - NBC News
Nvidia-backed startup Starcloud is working to create data centers in space. NBC News ... AI company Anthropic to pay $1.5 billion to settle author in...
OpenAI discussed government loan guarantees for chip plants, not data centers, Altman says
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China to Resume Nexperia Chip Exports, Dutch PM Schoof Says
Dutch Prime Minister Dick Schoof said China has agreed to resume deliveries of Nexperia chips from plants in the country, signaling a potential breakthrough in a clash that risked disrupting global auto production.
U.S. to Block Nvidia's Sale of Scaled-Back AI Chips to China - The Information
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