chips

Jonathan Ross, the CEO and founder of Groq, a company that specializes in chips for AI and is a rival of Nvidia Corp. (NASDAQ:NVDA), is on the brink of doubling his company’s valuation to $2.5 billion with a new funding round led by BlackRock Inc. What Happened: Groq (not to be confused with ...

In defiance of U.S. trade restrictions, China’s leading memory chip manufacturer, Yangtze Memory Technologies Corporation, is experiencing a significant surge in domestic demand for its flash memory chips, particularly from government and military-related projects. What Happened: Wuhan-based...

Morgan Stanley has positioned Aspeed Technology at the forefront of its stock picks, highlighting the company’s exclusive partnership with Nvidia and its promising market potential. What Happened: Morgan Stanley analysts have named Aspeed Technology, a fabless chip designer from Taiwan, as...

xAI founder and the CEO of SpaceX and Tesla, Elon Musk, says the “next big step” for the artificial intelligence company would be Nvidia Corporation’s  (NASDAQ:NVDA) AI chips, the Blackwell B200s. According to New Street Research analyst Pierre Ferragu, this development...

Wednesday witnessed a varied performance across major U.S. indices. The S&P 500 closed the day steady at 5,187.67, while the Nasdaq experienced a slight decline of nearly 0.2%, settling at 16,302.76. On the other hand, the Dow Jones Industrial Average saw a positive movement, climbing 0.4% to...

The Biden administration has revoked export licenses that previously allowed major American semiconductor manufacturers, Intel Corp. (NASDAQ:INTC) and Qualcomm Inc. (NASDAQ:QCOM), to supply essential chips to Huawei. This decision, as confirmed by the Commerce Department to the Financial Times on...

The Biden administration aims to leverage the $280 billion CHIPS and Science Act to attract semiconductor companies focusing on digital twins, virtual representations of physical chips. According to The Verge, this initiative includes the establishment of the CHIPS Manufacturing USA institute,...

Japanese tech giant SoftBank Group Corp (OTC:SFTBY) has announced its plans to invest a significant sum in the development of an advanced artificial intelligence (AI) model, leveraging NVIDIA Corp (NASDAQ:NVDA) chips. What Happened: SoftBank is set to invest a whopping $960 million over the next...

Chinese entities have managed to acquire high-end NVIDIA Corp (NASDAQ:NVDA) chips, despite the U.S. imposing a ban on such technology. The chips were obtained through third-party vendors and were embedded in servers made by Super Micro Computer Inc. (NASDAQ:SMCI), Dell Technologies Inc. (NYSE:DELL...

The semiconductor industry continues to navigate the complex geopolitical landscape, with U.S. companies maintaining a significant presence in the Chinese market despite stringent export controls. What Happened: China remains a critical market for U.S. semiconductor firms, even as the U.S....

SK Hynix, a global memory chip giant, has revealed plans to invest a substantial $3.87 billion in its first-ever chip packaging facility in the United States. This move is a significant win for the Biden administration’s efforts to restore chip production. What Happened: The South Korean...

In a strategic move, Taiwanese chipmaker United Microelectronics Corp. (NYSE:UMC) is set to augment its U.S. production capabilities through a partnership with Intel (NASDAQ:INTC). What Happened: UMC and Intel will jointly develop 12-nanometer chip technology for contract production at three Intel...

Ferrari N.V. (NYSE:RACE) saw a remarkable surge in sales in Taiwan, outpacing China and Hong Kong, thanks to the flourishing wealth of the country’s chip entrepreneurs and the diversification of global supply chains. What Happened: Ferrari’s sales in Taiwan have doubled over the past...

In a strategic move, Alexis Ohanian, the co-founder of Reddit, is setting his sights on the burgeoning U.S.-Japan chip sector through his venture capital firm Seven Seven Six. What Happened: Ohanian is targeting tech investments in Japan, with a keen focus on reinforcing the U.S.-Japan chip...

A newly established investment firm in Abu Dhabi is reportedly in discussions to back OpenAI‘s chip ambitions. What Happened: A new Abu Dhabi investment firm, MGX, is reportedly negotiating to invest in OpenAI’s ambitious semiconductor project, the Financial Times reported on Thursday...