Trump likely to uphold CHIPS Act despite his campaign rhetoric, policy experts say

Trump likely to uphold CHIPS Act despite his campaign rhetoric, policy experts say

Illustration of the China and U.S. flag on a central processing unit. Blackdovfx | Istock | Getty Images President-elect Donald Trump is unlikely to roll back the Biden administration’s CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say.  The legislation, which provides incentives for chipmakers to set up manufacturing in the … Read more

Profit beats expectations as AI boom drives 54% hike

Profit beats expectations as AI boom drives 54% hike

An image of a semiconductor wafer at the Taiwan Semiconductor Manufacturing Museum of Innovation in Hsinchu, Taiwan, on Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit, as global chipmakers continue to benefit from demand boosted by AI applications. The company’s … Read more

China looks for domestic Nvidia rival — but that’s proving challenging

China looks for domestic Nvidia rival — but that’s proving challenging

Chinese companies are ramping up efforts to produce a viable alternative to Nvidia’s chips that power artificial intelligence as Beijing continues its efforts to wean itself off American technology. U.S. sanctions slapped on China over the past few years, along with Nvidia‘s dominance in the space, have provided big challenges for Beijing’s efforts, at least … Read more

Intel wild week leaves Wall Street uncertain about chipmaker’s future

Intel wild week leaves Wall Street uncertain about chipmaker’s future

Intel CEO Patrick Gelsinger speaks at the Intel Ocotillo Campus in Chandler, Arizona, on March 20, 2024.  Brendan Smialowski | AFP | Getty Images It was quite a week for Intel. The chipmaker, which has lost over half its value this year and last month had its worst day on the market in 50 years … Read more

Elon Musk hopes supercomputers will boost Tesla and xAI

Elon Musk hopes supercomputers will boost Tesla and xAI

Elon Musk is on a mission to build new supercomputers. As the CEO of Tesla and his new artificial intelligence startup xAI, the tech titan has big plans for how artificial intelligence can help to supercharge his businesses. In January, he wrote on X that Tesla should be viewed as an AI/robotics company rather than … Read more

Nvidia (NVDA) shares fall after earnings beat estimates

Nvidia (NVDA) shares fall after earnings beat estimates

A binary code is displayed on a laptop screen in the background, while the Nvidia logo is showcased on a phone on April 28, 2024.  Nurphoto | Nurphoto | Getty Images Nvidia shares fell on Thursday, as the company’s fiscal second-quarter gross margin dipped slightly, and its revenue beat was eclipsed by a backdrop of … Read more

Tech stocks in Asia fall amid broad declines in the region after Nvidia results

Tech stocks in Asia fall amid broad declines in the region after Nvidia results

Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said. SeongJoon Cho | Bloomberg | Getty Images Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results … Read more

Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts

Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts

A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California.  Justin Sullivan | Getty Images News | Getty Images Intel has sold its 1.18 million share stake in British chip firm Arm Holdings, according to a regulatory filing, as the California chip designer shores up its balance sheet … Read more

Japan’s quest to revive its semiconductor industry

Japan’s quest to revive its semiconductor industry

In the 1980s, Japan was the dominant player in the semiconductor market. But huge shifts in the way the chip supply chain operated eroded that leading-edge. Countries like Taiwan with TSMC, the world’s largest and most advanced semiconductor manufacturer, began to dominate in the production of chips. The U.S. is key in areas like design. … Read more

Intel share plunge drags down global chip stocks from TSMC to Samsung

Intel share plunge drags down global chip stocks from TSMC to Samsung

Pat Gelsinger, chief executive officer of Intel Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, June 4, 2024. Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share losses to peers, including AI leader Nvidia Corp. Photographer: Annabelle Chih/Bloomberg … Read more