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MediaTek plans $5 billion financing for AI data-center chipsMediaTek approved five billion dollars for long-term growth and AI chip expansion. The company aims to reduce smartphone reliance and suppl...- Samsung Electronics wins $200 billion Broadcom AI chip partnership, boosting foundry pushThe tie-up comes as global technology companies increasingly develop their own custom AI accelerators, rather than relying solely on gener...
- Offline Zinda Hai: Why retailers are betting big on outletsIndia's largest retailers are opening thousands of new physical stores across the nation. This expansion targets emerging consumer markets ...
- Broadcom shares jump over 2% after Apple announces $30 billion chip dealBroadcom shares gained after Apple announced a multi-year chip supply agreement exceeding $30 billion. The deal expands US manufacturing, s...
- Asics ordered to pay Rs 10,000 compensation and refund Rs 6,499 to cusomter after shoes develop sole defectA consumer commission has ordered Asics India to refund Rs 6,499 for a defective pair of running shoes and pay Rs 10,000 in compensation. T...
- OpenAI spices things up with Jalapeno chips: Why the Sam Altman-led AI startup is building its own processorsOpenAI said it designed the chip from scratch in nine months. Broadcom handled silicon implementation, networking, and connectivity, while ...
- Qualcomm forecasts $15 billion data center chip sales by 2029, shares soarQualcomm also said it expects $40 billion in revenue from chips outside its smartphone stronghold by 2029, up from previous estimates of $2...
- Qualcomm in talks to provide custom chip-design services to ByteDanceUS chip giant Qualcomm is reportedly in talks with Chinese tech behemoth ByteDance, parent of TikTok, to design custom chips. This move sig...
- Australia imposes record $211 million fine on collapsed broker Union Standard, representativesAustralia's federal court has imposed a record A$300.2 million fine on Union Standard and its representatives. The foreign exchange broker ...
- Myntra announces End of Reason Sale starting May 29Myntra's 24th End of Reason Sale begins May 29. Millions of customers can shop over 6 million styles. Emerging brands will debut new collec...
- Qualcomm jumps as optimism on smartphones, AI chips outweigh dismal forecastQualcomm shares saw a significant jump. CEO Cristiano Amon expressed confidence in a smartphone market rebound post the fiscal third quarte...
- Qualcomm rises on smartphone rebound hopes, data-center chip pushQualcomm anticipates lower third-quarter earnings but sees a smartphone market rebound. The chip giant is also entering the data center mar...
- Marvell Tech shares soar on bullish multi-year AI chip outlookMarvell Technology rose nearly 11% in early trading on Friday, as its upbeat multi-year forecast underscored booming demand for custom AI c...
- Chipmaker Marvell's weak data centre forecast prompts AI investors to dump its stockMarvell Technology forecast quarterly revenue below expectations, sending shares down 12%. Despite a 69% rise in data centre revenue, growt...
- Big relief for thousands of Australians hit by excess bank charges: $60 million refund to be released as ASIC cracks the whipThe Australian Securities and Investments Commission is acting against banks. This is regarding unfair charges. Thousands of customers face...
- Broadcom shares surge as solid forecast eases demand worries for AI chipsBroadcom is seeing red-hot demand for its custom artificial intelligence chips from cloud computing companies looking for an alternative to...
- Australia orders $5.1 million fine on Kraken crypto exchange operatorThe Australian Securities and Investments Commission (ASIC) said that Bit Trade, which operates the Kraken exchange in Australia, failed to...
- Aussie regulator wins case against Kraken crypto exchange operator on distribution flawsIn September 2023, the Australian Securities and Investments Commission (ASIC) initiated civil proceedings against Bit Trade alleging that ...
- Australian regulator sues crypto exchange for design, distribution failuresThe design and distribution obligations (DDO) require firms to design financial products that meet the needs of consumers and distribute th...
- Meta will become Broadcom's next billion-dollar customer: JP MorganASIC (application-specific integrated circuit) chips will drive $2 billion to $2.5 billion in revenue for Broadcom this year, helped by its...
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