TSMC halts advanced chip orders from mainland China after US export curbs evasion: source

TSMC halts advanced chip orders from mainland China after US export curbs evasion: source

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, told its graphics-processor and AI-accelerator clients in mainland China that the company will no longer produce advanced chips for them, according to a person familiar with the matter. TSMC said in a notice sent earlier this week that it will stop accepting orders requiring the … Read more

US chip restrictions hinder AI ambitions of China’s top chip foundry, CEO says

US chip restrictions hinder AI ambitions of China’s top chip foundry, CEO says

The chief executive of China’s top foundry said on Friday that the company cannot take full advantage of surging demand for artificial intelligence (AI) chips because of US restrictions on advanced-node technologies. US sanctions have prevented the Shanghai-based foundry from importing advanced tools needed to upgrade its processing and narrow its technological gap with international … Read more

OpenAI, Broadcom working to develop AI inference chip

OpenAI, Broadcom working to develop AI inference chip

OpenAI is working with Broadcom to develop a new artificial intelligence chip specifically focused on running AI models after they have been trained, according to two people familiar with the matter. The AI start-up and chipmaker are also consulting Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest chip contract manufacturer, said the people, who asked … Read more

TSMC, Samsung, other major chip makers monitor quartz supply after hurricane shut mines

TSMC, Samsung, other major chip makers monitor quartz supply after hurricane shut mines

Global semiconductor manufacturers are monitoring supplies of high-purity quartz, a material critical to the industry, after Hurricane Helene halted production at two North Carolina mines that produce most of the world’s supply. South Korea’s Samsung Electronics and SK Hynix said they also do not expect repercussions. TSMC supplier Topco Scientific Co, which processes quartz, said … Read more

Time’s AI list names China’s cyberspace chief, ByteDance CEO among most influential

Time’s AI list names China’s cyberspace chief, ByteDance CEO among most influential

Time Magazine has ranked China’s internet watchdog head and the chairman of TikTok owner ByteDance among the 100 most influential people working in artificial intelligence for their impact on the sector in the world’s second-largest economy. Zhuang Rongwen, director of the Cyberspace Administration of China, made the second annual Time 100 AI list as one … Read more

EU approves German state aid for US$11 billion TSMC joint-venture chip plant

EU approves German state aid for US billion TSMC joint-venture chip plant

“This is a true win-win situation for all of us,” EU Commission President Ursula von der Leyen said at a ceremony in Dresden, the heart of Germany’s “Silicon Saxony” chip-making region. German Chancellor Olaf Scholz said ensuring access to semiconductors is a “central issue” for Germany, while Economy Minister Robert Habeck said his government, which … Read more

Apple supplier Foxconn sees revenue rising as AI server demand nudges profit up

Apple supplier Foxconn sees revenue rising as AI server demand nudges profit up

Apple’s main contract manufacturing partner, Foxconn Technology Group, said it expects revenue to grow in the current quarter and for the rest of year, after reporting a profit rise boosted by demand for servers powering artificial intelligence (AI) applications. The Taiwan-based company, formally known as Hon Hai Precision Industry, said on Wednesday that net income … Read more

Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet

Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet

The results did not rock the broader chip industry. The symbol for Intel appears on a screen at the Nasdaq MarketSite in New York, Oct. 1, 2019. Intel Corp. Photo: AP AI powerhouse Nvidia and smaller rival AMD ticked up after hours, underscoring how well-positioned they were to take advantage of the AI boom, and … Read more

Fund Manager Overseeing Top-3% Growth Funds Shares A Proven Strategy to Navigate the AI Boom

Fund Manager Overseeing Top-3% Growth Funds Shares A Proven Strategy to Navigate the AI Boom

A Stanford graduate, Dr. Ankur Crawford co-manages the top 1% Alger Capital Appreciation Fund (ACAAX) and the top 3% Alger Spectra Fund (SPECX), which are growth-focused funds. In a recent interview with Business Insider, Crawford said the two funds share similarities and are “different flavours of the same process.” She holds several US patents and … Read more

Nvidia Stock Surges As TSMC Reports Strong AI Chip Demand Despite ‘Damaging’ Statement From Donald Trump

Nvidia Stock Surges As TSMC Reports Strong AI Chip Demand Despite ‘Damaging’ Statement From Donald Trump

Nvidia’s stock price climbed roughly 3 percent on Thursday, recovering from a 7 percent plunge the previous day due to geopolitical anxieties triggered by comments from US presidential hopeful Donald Trump. Nvidia’s recent rise coincides with TSMC’s announcement on Thursday that demand for high-end AI chips, which they manufacture for Nvidia, remains strong while supply … Read more