Tag: chip
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Japan to invest $21 billion in up to two GlobalFoundries chip factories in New York
NEW YORK/WASHINGTON, Oct 14 : Japan will invest about $21 billion to build up to two chip factories in New York State that will be jointly owned by the US government and Japanese interests and operated by GlobalFoundries, the company said on Wednesday.The initiative is part of a Trump administration deal str
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Qualcomm and Arm kick off trial, potential for huge damages in focus
WILMINGTON, Delaware, Oct 5 : Chipmaker Qualcomm and chip tech firm Arm Holdings, long at loggerheads, began another trial on Monday with Qualcomm accusing Arm of withholding chip testing tools that were due under contract.Qualcomm also alleges that Arm leaked to the media its 2024 threat to terminate a vital
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Qualcomm and Arm head to trial again, potential for huge damages in focus
WILMINGTON, Delaware, Oct 5 : Chipmaker Qualcomm and chip tech firm Arm Holdings, long at loggerheads, will once again be in court on Monday with Qualcomm accusing Arm of withholding chip testing tools that were due under contract.Qualcomm also alleges that Arm leaked to the media its 2024 threat to terminate
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Synopsys, OpenAI strike deal to develop AI model for chip design work
SAN FRANCISCO, Sept 30 : Synopsys, a maker of software used in designing computing chips, said on Wednesday that it has struck a deal to share revenue with OpenAI as the two develop an AI model for the chip business.GPT-Synopsys, as the model will be called, will be specifically trained and tuned to take on…
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Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
Sept 2 : Broadcom on Wednesday forecast strong AI chip sales for the next two years, offering fresh evidence that Big Tech’s appetite for AI infrastructure remains undiminished as investors scrutinize returns on massive spending.Shares of the Palo Alto, California-based company were down over 1 per cent in ex
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Broadcom forecasts quarterly sales below estimates amid rising custom AI chip competition
Sept 2 : Broadcom forecast quarterly revenue below Wall Street estimates on Wednesday, signaling intense competition could hamper gains from its custom processors. Shares of the Palo Alto, California-based company fell over 3 per cent in extended trading. They have gained about 6 per cent this year, significa
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Exclusive-Anthropic in talks with chip start up MatX to speed up chip design, sources say
SAN FRANCISCO, Aug 27 : Anthropic discussed buying artificial intelligence chip startup MatX for roughly $7 billion, seeking to accelerate efforts to develop custom hardware for its fast-growing AI business, two people briefed on the matter told Reuters.The merger talks, which a third person said have evolved
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Xiaomi launches new Xring chip, partners with TSMC for production, sources say
BEIJING, Aug 24 : Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring smartphone processor, betting that deeper control over key components will help strengthen its supply chain and reduce reliance on external chip suppliers.The introduction of Xring O3 comes a year after
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Chip designer Velaura AI valued at more than $1 billion in funding round
Aug 18 : Velaura AI on Tuesday said it raised $110 million in a Series A funding round that valued the chip designing startup at more than $1 billion, with investors backing its technology that can lower power consumption and operating costs at AI data centers.The funding round was led by Seligman Ventures, w
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AI chip startup Etched doubles valuation to $21 billion in under a month
Aug 18 : Jane Street-backed Etched said on Tuesday its valuation more than doubled in less than a month to $21 billion, as investors bet on growing demand for specialized chips used to run artificial intelligence models. The San Jose, California-based company raised $700 million, with trading firm Jane Street
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