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CHIPMAKER RESTRUCTURING
Swiggy CEO on failed shareholder vote; Indian firms brace for MythosHappy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in toda...- US stocks today: US stocks end higher on tech rally; investors eye Beijing talksUS stocks closed higher with S&P 500 and Nasdaq hitting fresh record highs, led by a tech rally after Nvidia got approval to sell H200 chip...
- US stocks today: US stocks extend rally as Nvidia gains; US-China talks, data in focusWall Street hit fresh intraday highs led by Nvidia’s AI-driven surge and Cisco’s upbeat outlook. Strong retail sales and stable jobless cla...
- S&P 500, Nasdaq futures rise to new highs as Nvidia jumpsNvidia rose 1.9% in premarket trading, giving the chipmaker a market valuation of $5.9 trillion, after Reuters reported citing sources th...
- Global Markets | China blue-chip index hits 4-year high as tech stocks surgeChinese stocks surged to a four-year peak on Wednesday. Investors bought tech shares, driven by global artificial intelligence excitement. ...
- OpenAI cofounder Greg Brockman discloses nearly $30 billion stake, financial ties to Sam AltmanCourt revelations show OpenAI President Greg Brockman holds a stake in the company worth almost $30 billion. He also has financial ties to ...
- Musk–Altman trial opens: Revisiting OpenAI’s shift from nonprofit to for-profitA major legal battle begins Tuesday in Oakland. Elon Musk is suing Sam Altman and OpenAI. Musk claims OpenAI abandoned its nonprofit roots ...
- US Stock Market: Intel’s AI bet drives upbeat forecast and investor confidenceIntel forecast stronger-than-expected Q2 revenue of $13.8–$14.8 billion, driven by robust demand for AI-focused server chips, with earnings...
- ASML layoffs: the king of advanced chip-making machines cuts 1,700 jobs in major shake-up—but is China ready to lure them all and forge its own ASML empire?ASML layoffs hit global headlines after the chip giant confirmed 1,700 job cuts, nearly 4% workforce, despite record AI-driven demand. The ...
- Intel joins Musk's Terafab AI chip project to power humanoid, data centre goalsIntel will collaborate with Elon Musk's Terafab AI chip project. This partnership aims to produce processors for Musk's robotics and data c...
- Intel to buy back Apollo stake in Ireland factory for $14.2 billionIntel is repurchasing a significant stake in its Ireland manufacturing plant. This move signifies improved finances and growing demand for ...
- Chipmaker Wolfspeed reaches agreement with creditors, plans bankruptcy filingThe restructuring agreement would provide the struggling chipmaker with $275 million in fresh financing by some of its existing creditors, ...
- Intel to cut over 20% of workforce: ReportsIntel is reportedly preparing to slash over 20% of its workforce as part of a broader restructuring effort under new CEO Lip-Bu Tan. The mo...
- Microchip Technology to lay off 2,000 employeesThe Chandler, Arizona-based company has been grappling with tepid demand from automotive customers that are struggling to clear existing ch...
- Onsemi to cut nearly 2,400 jobs this year in restructuring pushOnsemi employed nearly 26,400 full-time employees and around 90 part-time and temporary staff across facilities located in 33 countries, as...
- Intel sells stake in chip designer Arm HoldingsIntel, facing challenges to maintain its relevance in the chip industry and having announced thousands of job cuts, sold its 1.18 million s...
- Intel chairman Omar Ishrak steps downOmar Ishrak had stepped down and the chipmaker appointed board director Frank Yeary as his replacement.
- Chip-maker Micron to cut 10% of its workforceChip-maker Micron has announced that it will reduce its workforce by about 10 per cent in 2023 in response to challenging industry conditio...
- Toshiba eyes drastic reform of chip businessJapanese electronics giant Toshiba said it plans "drastic" reform of its chip business amid a report it was in talks with rival NEC on inte...
- Intel memory chip prices drop double projection-CEOIntel Corp Chief Executive Paul Otellini said on Wednesday the company has seen price erosion for certain memory chips in the first quarter...
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