Weekend News Roundup February 10, 2024

Image: Porsche The global economy is a complex and constantly moving entity, which frequently causes companies to reevaluate their operations. Porsche was recently pushed up against that wall when the U.S. government determined that nearly all of its cars couldn’t be imported into the country, allegedly due to a single microchip manufactured in Belarus. If … Read more

Nvidia’s stock market value on verge of overtaking Amazon

Wall Street’s enthusiasm about artificial intelligence has Nvidia on the verge of becoming more valuable than Amazon for the first time in two decades, and the AI chip maker is not far behind Google-owner Alphabet. A 40 per cent surge in Nvidia so far in 2024 has elevated its market capitalisation to US$1.715 trillion as … Read more

Tech war: Nvidia’s new H20 chip, tailored for China, set to go head-to-head with Huawei product

Newly-tailored chips for China from Nvidia are set for direct competition with a processor developed by domestic giant Huawei Technologies, with the two products having a similar price and performance, according to industry sources. Nvidia has started to take pre-orders for its H20, a powerful graphics processing unit (GPU) that the US chip design firm … Read more

South Korean memory chips lift national exports in January for a strong start to 2024

South Korean exports maintained growth momentum in January in a positive start to 2024, as demand for semiconductors continued to improve. Shipments adjusted for working-day differences increased 5.7 per cent from a year earlier, according to data released Thursday by the customs office. Headline exports rose 18 per cent, compared with economists’ forecasts for a … Read more

Taiwan election 2024: silence in Brussels lays bare EU divisions on Taipei

Officials privately say they will work with whoever wins the election, and hope for a clear result that leaves no margin for doubt. They have observed what they described as interference and disinformation by Beijing and fear a “too close to call” election could lead parties to blame external factors and destabilise the region. As … Read more

Samsung set for smallest profit drop in 6 quarters on chip rebound

Samsung Electronics is expected to report its smallest profit drop in six quarters, analysts estimate, as a rebound in semiconductor prices shrinks losses in the South Korean company’s mainstay chip division. The world’s biggest maker of memory chips, smartphones and televisions is expected to show a 14 per cent fall in fourth-quarter profit when it … Read more

South Korean chip production jumps most in 6 years, as Samsung and SK Hynix signal optimism in wake of slump

South Korean chip production jumps most in 6 years, as Samsung and SK Hynix signal optimism in wake of slump South Korea’s semiconductor industry recorded the largest gains in years in both production and shipments, underscoring a revival of technology momentum that bodes well for the nation’s economic outlook next year and for the global … Read more

Arm laying off and relocating over 70 engineers in China amid cutbacks in chip industry, including at Qualcomm

Arm Holdings has recently laid off over 70 software engineers in China though it will relocate some of the roles outside of the Asian nation, according to people with knowledge of the move. The British firm’s actions mirrored those of major chip companies including Qualcomm that have cut back on the global staffing level earlier … Read more