chips

Broadcom Inc. (NASDAQ:AVGO) stock rose over 14.4% in premarket on Friday after the management in its earnings call said that they saw a four-fold increase in AI connectivity revenue driven by Tomahawk and Jericho shipments. The management highlighted a significant reduction in VMware spending in...

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM), the leading global chipmaker, has reportedly started manufacturing A16 chips for Apple Inc. at its Phoenix, Arizona facility. This move is part of the U.S. strategy to enhance domestic semiconductor production. What Happened: Two sources...

Wolfspeed Inc (NYSE:WOLF) shares are trading higher Tuesday after the company announced new proposed funding under the CHIPS and Science Act. What Happened: Wolfspeed and the U.S. Department of Commerce signed a non-binding preliminary memorandum of terms for up to $750 million in...

Apollo Global Management Inc. (NYSE:APO) has reportedly been considering a multibillion-dollar investment in Intel Corp. (NASDAQ:INTC). What Happened: Apollo has proposed to make an equity-like investment of up to $5 billion in Intel, reported Bloomberg, citing people familiar with the matter. As...

Chip giant Qualcomm Inc. (NASDAQ:QCOM) reportedly approached its struggling competitor Intel Corp. (NASDAQ:INTC) for a possible takeover. What Happened: Qualcomm’s takeover attempt was in recent days, which if it goes through, would be monumental given Intel’s market value of...

Intel Corp. (NASDAQ:INTC) has reportedly secured a $3.5 billion contract to manufacture semiconductors for the U.S. military. What Happened: Chip maker Intel has been granted up to $3.5 billion in federal funds to produce advanced chips for military and intelligence use, reported Bloomberg, citing...

The upcoming iPhone 16 series from Apple Inc. (NASDAQ:AAPL) will be powered by ARM Holdings (NASDAQ:ARM) latest chip technology, designed to improve AI capabilities. What Happened: The new iPhone will be launched on Monday during the “Glowtime” event, featuring a...

Mark Zuckerberg-led Meta Platforms Inc. (NASDAQ:META) has reportedly decided to discontinue its custom chip development for its upcoming augmented reality glasses. What Happened: The in-house chip development was considered too costly and not in line with the company’s current business...

Advanced AI chips from Nvidia Corporation (NASDAQ:NVDA) are reportedly making their way into China, despite a U.S. blockade, potentially aiding the Chinese military’s technological progress. What Happened: A group of smugglers is allegedly bypassing the U.S. national security blockade to...

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa Su, on Tuesday, acknowledged the company’s underrepresentation in the PC market but expressed confidence in its product positioning. What Happened: During AMD’s second-quarter earnings call, Su responded to a question from Deutsche Bank...

On Wednesday, major U.S. indices closed significantly lower. The Dow Jones Industrial Average fell 1.25% to 39,853.87, the S&P 500 dropped 2.3% to 5,427.13, and the Nasdaq declined 3.6% to 17,342.41. These are the top stocks that gained the attention of retail traders and investors throughout...

Prime Minister Fumio Kishida of Japan stated that his government is formulating legislation aimed at augmenting domestic investment in AI and semiconductor production. What Happened: The proposed bill, which is expected to be presented to the Diet shortly, is designed to bolster research,...

Workers at Samsung Electronics Co. (OTC:SSNLF) have announced an indefinite strike, escalating an ongoing pay dispute and posing a threat to global tech production. What Happened: The labor union representing over 28,000 Samsung employees declared an indefinite strike on Monday. This action...

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...