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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...
Global Market: Chinese tech firms raise over $27 billion in Hong Kong to fuel AI, chip expansionChinese technology firms are actively raising substantial funds in Hong Kong. These companies are financing growth in artificial intelligen...
Analysis-AI investment boom puts Big Tech's free cash flow under pressureBig tech firms are investing heavily in artificial intelligence infrastructure. Their capital expenditures may soon exceed free cash flow g...
iPhone 18 Pro and iPhone 18 Pro Max cost up to $1,499 in the US? Expected launch, camera upgrades, A20 Pro chip and everything leaked so fariPhone 18 Pro and iPhone 18 Pro Max Price in US: Apple's upcoming iPhone 18 Pro models may feature significant camera enhancements. A power...
Sebi imposes Rs 1 crore penalty on CDSL over 2022 malware attackSebi has imposed a Rs 1 crore penalty on CDSL for cybersecurity failures that enabled a 2022 malware attack, disrupting depository operatio...
Samsung, SK Hynix advance new memory layer to tackle AI scaling limitsSamsung Electronics and SK hynix pushed to commercialize a new class of memory as artificial intelligence outgrew high-bandwidth memory alo...
Micron signs deals with Qualcomm, others for AI-powered automobile chip componentsThe agreements come as the industry races to expand manufacturing capacity to meet the booming demand for memory chips due to the rapid a...
US probes Samsung for alleged infringement of Netlist's memory-chip patentsUS trade regulators have launched a probe into Samsung memory chips. This investigation follows a complaint alleging patent infringement by...
Snowflake unveils $448 million pay plan for CEO tied to ambitious stock targetsRamaswamy's award, totaling 1 million shares, is structured into five tranches, each with escalating stock price milestones, and is desig...
Asian refiners may be the surprise winners of fresh fuels crunchAsian refiners are well positioned to ship petroleum products globally. Renewed Middle East conflict and Russian diesel export bans are tig...
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...
Apple chasing AI chip company deals, The Information reportsApple is reportedly exploring acquisitions of chip companies to enhance its AI server processors. The tech giant faces performance challeng...
NCDEX to roll out Guar Korma futures from July 24NCDEX will launch Guar Korma futures on July 24, giving exporters, processors and feed manufacturers a SEBI-regulated platform to hedge pri...
'We faltered, did not move quickly:' How IBM CEO Arvind Krishna's statement led to $70 billion wipeoutIBM shares rebounded nearly 2% in premarket trade after plunging 25% in their worst single-day fall in 58 years, wiping out nearly $70 bill...
IBM stock tumbles 25% as preliminary quarterly results fall below expectationsIBM shares tumbled sharply in premarket trade after the company flagged weaker-than-expected second-quarter results, missing both profit an...
Samsung, SK hynix, Micron ramp up capacity as demand for AI infrastructure outpaces supplyGlobal memory chipmakers are expanding production capacity to meet AI demand. Samsung, SK Hynix, and Micron are investing billions in new f...
Global Market: SK Hynix's Nasdaq ADR debut raises $26.5 billion amid AI chip boomSouth Korean chipmaker SK Hynix successfully raised $26.5 billion through its ADR offering. This significant fundraising highlights robust ...