Tag: chip
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Exclusive-Samsung cuts US jobs, offers relocations ahead of HQ move
SEOUL, July 19 : Samsung Electronics has cut jobs at its U.S. display, phone and other consumer electronics operations — affecting workers mainly in New Jersey and Texas, according to documents and two people familiar with the matter.The South Korean tech giant said on Sunday in a statement to Reuters that
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Apple chasing AI chip company deals, The Information reports
July 15 : Apple is looking to buy chip companies to bolster its efforts to make server processors for running AI, The Information reported on Wednesday, citing people familiar with the matter.Here are some details:• The iPhone maker has approached chip startups to gauge their interest in a buyout and
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Samsung Electronics to advance start of chip factory in Yongin to 2029
SEOUL, July 13 : Samsung Electronics said on Monday it aims to bring forward the start of operations of its chip fabrication site in the city of Yongin, south of Seoul, to 2029 from 2030-2031, as it seeks to keep up with surging demand for memory chips used in AI infrastructure.Last month, both Samsung and…
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Meta to put AI chip into production in September as it looks to double computing capacity, memo shows
(Corrects figure in paragraph 11 to 2.5 gigawatts by end of year, not 5.5 gigawatts.)By Katie Paul, Max A. Cherney and Stephen NellisNEW YORK/SAN FRANCISCO, July 9 : Meta Platforms plans to start manufacturing an artificial intelligence chip from September as part of its plan to boost overall computin
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SK Hynix’s shares jump 14% in marquee US debut as AI euphoria persists
July 10 : SK Hynix’s U.S.-listed shares jumped 14 per cent in their Nasdaq debut following its $26.5 billion share sale, in a sign of resilient investor enthusiasm for semiconductor stocks that have recently pulled back after a dizzying rally. The South Korean chipmaker is the latest to ride a frenzy of inves
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SK Hynix: South Korean chip giant raises $26.5bn in US share sale
The shares are set to start trading on the Nasdaq on Friday in what will be the largest ever debut by a foreign firm.
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Korean chip stocks rebound after overnight US selloff, as chip supply remains tight
SEOUL, July 8 : Shares of South Korean chipmakers Samsung Electronics and SK Hynix rebounded on Wednesday after early losses, as investors bought the dip following a sharp selloff fuelled by concerns over the sustainability of the AI-driven chip boom.Samsung rose as much as 1.4 per cent and SK Hynix climbed a
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SK Hynix to spend $64 billion on memory chip plants under broader AI investment plan
SEOUL, July 2 : SK Hynix said it would invest 100 trillion won ($64.38 billion) to build new chip plants, including one for NAND flash memory, as part of a massive South Korean investment drive aimed at spreading returns from the AI boom beyond Seoul. The projects in the central city of Cheongju outlined on…
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SK Hynix to spend $64 billion on flash memory chip plants under broader AI investment plan
SEOUL, July 2 : SK Hynix said it would invest 100 trillion won ($64.38 billion) to build new chip plants, including one for NAND flash memory, as part of a massive South Korean investment drive aimed at spreading returns from the AI boom beyond Seoul. The projects in the central city of Cheongju outlined on…
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SK Hynix to spend $64 billion on chip plants under broader AI-driven investment plan
SEOUL, July 2 : SK Hynix said on Thursday it planned to invest 100 trillion won ($64.38 billion) to build new NAND memory chip and packaging factories as part of a massive investment programme aimed at addressing a shortage driven by the AI boom.The projects in the country’s central city of Cheongju outlined
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