Tag: chip
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South Korea unveils $1tn chip and AI investment plan
It comes as regional rivals like Taiwan, China and Japan are investing heavily in chip factories and other technology.
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Samsung Group to unveil $648 billion South Korea investments, including for chip plants, report says
SEOUL, June 26 : Samsung Group will announce on Monday plans to invest 1,000 trillion won ($647.53 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on Friday.The investment, which would include AI data c
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IBM unveils tech for chip smaller than 1 nanometer in AI computing push
June 25 : IBM on Thursday unveiled what it said was the world’s first technology capable of producing chips smaller than one nanometer, as tech companies race to build semiconductors that can handle increasingly demanding AI workloads.Shares of the Armonk, New York-based company rose over 6 per cent in premar
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IBM hails new ‘block of flats’ design breakthrough for tiny chips
IBM says it has created the world’s first known chip tech below 1 nanometre – but it will be some time before it’s ready for production.
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Micron posts record results as AI boom drives 15-fold jump in profit
The US chipmaker Micron Technology has reported quarterly revenue and profit far above Wall Street’s expectations, as insatiable demand for the memory chips that power AI transformed the firm’s fortunes.
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Korean chip shares surge on Micron’s blowout earnings, SK Hynix’s US listing plan
SEOUL, June 25 : South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology’s quarterly results and forecast beat expectations, boosting optimism over AI-driven chip shortages. South Korea’s SK Hynix also said on Wednesday it plans to raise up to $29.4 billion throug
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Analysis:Apple-Intel chip deal makes strategic sense but production is years away
June 24 : Apple turning to Intel for chips, as Washington announced last week, has the neat logic of necessity meeting ambition. But it is not that simple, as analysts say any advanced Intel chip will take two to three years to make and even longer to translate into gains due to the long and…
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Qualcomm in talks to buy Tenstorrent, The Information reports
June 15 : Qualcomm is in talks to acquire AI chip startup Tenstorrent for $8 billion to $10 billion, The Information reported on Monday citing a person with knowledge of the deal.Shares of Qualcomm fell about 1 per cent in extended trading.The talks were ongoing and the price could change, or the discu
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Cerebras shares climb as Wall Street brokerages back AI chip strategy
June 8 : Cerebras shares gained on Monday as multiple Wall Street firms initiated coverage with bullish calls after the quiet period, backing the chip designer’s unconventional AI strategy more than three weeks after its strong debut.Shares of the company rose 5.5 per cent in premarket trading, with at least
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UK sets out $1.5 billion AI hardware plan with supercomputer, chip funding
LONDON, June 8 : Britain set out a new £1.1 billion ($1.47 billion) plan on Monday to build domestic AI computing capacity, including a new national supercomputer and funding to back homegrown chip firms.The strategy builds on a £400 million commitment announced by Prime Minister Keir Starmer at London Tech
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