AMD to invest up to $5 billion in Anthropic; AI startup to buy up to 2 GW of chipsAMD has been seeking to expand its foothold in the fast-growing AI chip market as developers look to diversify beyond Nvidia, while Anthrop...
Paras Defence arm to set up ₹6,200 crore semiconductor packaging facility in Madhya PradeshParas Semiconductors is set to invest ₹6,200 crore in the construction of a cutting-edge semiconductor packaging facility in Madhya Pradesh...
Global Market: Chinese stocks advance on AI, chip rally; Hong Kong shares slipChinese mainland stocks advanced, led by gains in AI, semiconductor and metal shares, while Hong Kong equities declined as investors booked...
Google plans new chip to run Gemini models more efficiently: ReportThe Alphabet-owned company expects the new chip, informally dubbed "Frozen v2," to help address an AI computing capacity crunch that has f...
Chipmakers head for big profit gains, but will it be enough?Chipmaker shares are experiencing significant price swings on Wall Street this month. Investors anticipate these companies will drive much ...
Moonshot is creating new winners and losers in the AI tradeThe Chinese startup unveiled Kimi K3 on Friday, a model that it says delivers performance that rivals top-tier offerings from OpenAI and An...
China's CXMT targets global DRAM giants with record $8.5 billion IPOChinese DRAM maker ChangXin Memory Technologies is throwing its hat into the ring with a roughly $8.5 billion initial public offering as it...
Global Market: China stocks rebound as state support boosts sentiment, tech shares remain under pressureChinese equities rebounded after steep losses last week as signs of government-backed support lifted investor confidence and sparked buying...
Could AI chip boom make ASML Europe's first trillion-dollar firm?After blowout second quarter earnings, investors and analysts are asking a once far-fetched question: could ASML become Europe's first ever...
Global Market: CXMT's $8.6 billion IPO draws strong demand despite cooling enthusiasm for chip stocksChinese memory chipmaker CXMT Corp's IPO saw oversubscription by institutional investors. This robust demand highlights continued investor ...
TSMC expects 'strong, multi-year' demand for AI chips as it ramps up Arizona investmentSpeaking after blockbuster second-quarter results on Thursday, Chief Financial Officer Wendell Huang said the company is "very happy" with ...
Wall Street Week Ahead: Alphabet, Intel results in focus for AI trade as US earnings rev upCorporate earnings season is gaining momentum with key tech updates expected soon. Investors anticipate strong profit growth, which has sup...
Chipmakers and other high-flying stocks slide as AI trade wobblesAs July commenced, global tech stocks faced a notable decline, predominantly driven by chip shares. This drop indicates investor profit-tak...
Global Market: China stocks face steep weekly losses as CXMT IPO sparks liquidity crunch fearsChinese and Hong Kong equities fell sharply as CXMT’s $8.6 billion IPO and a pipeline of large listings raised concerns that liquidity woul...
Global Markets: Japan's Nikkei drops nearly 3% as chip stocks slide despite robust TSMC resultsJapan's Nikkei share average finished close to a three percent decline on Thursday, influenced by a sell-off in chip-related stocks and esc...
TSMC posts 77% profit jump for Q2, surging past market expectationsTaiwan Semiconductor Manufacturing Company reported a record profit surge. This growth was fueled by strong demand for advanced artificial ...
Chipmaker CXMT eyes $9.8 bn in blockbuster China IPOChina's leading memory chipmaker ChangXin Memory Technologies is seeking billions in an IPO. This move aims to bolster the nation's artific...