Tag: Semiconductors

Alibaba Group said on Tuesday it was developing an AI model up to ​four times larger than the company’s flagship model and unveiled a next-generation AI chip it called China’s ‌most powerful, sending shares up 5%.

Nvidia Corp will double its chip sales next year compared to this year, CEO Jensen Huang said Thursday at a summit with the U.K.’s King Charles III in Scotland.

Nvidia’s chief executive Jensen Huang has said no new US laws or regulations are needed to control AI development, as he rejected a united push by leading labs to co-ordinate a slowdown in research in the name of safety.

SK Hynix is in talks with Intel to manufacture its memory chips in the U.S. for the first time, Reuters reported Wednesday, sending shares of both companies higher in premarket trading.

Taiwan’s MediaTek unveiled on Tuesday a new smartphone chip made using ‌TSMC’s most advanced manufacturing technology, as it targets the premium handset market with semiconductors capable of running more AI features directly on the device.

With Nvidia CEO Jensen Huang speaking on stage at the All-in Summit in Los Angeles, Trump called the tech exec, and was then put on speaker.

Japanese chipmaker Kioxia Holdings is considering raising at least $10 billion ​by listing American depositary receipts, Bloomberg News ‌reported on Monday, citing people familiar with the matter.

Taiwan Semiconductor Manufacturing Co. reported record monthly revenue for August on Thursday, as demand for chips used in artificial intelligence applications remained strong.

 OpenAI is deepening ​cooperation with Samsung Electronics as the ChatGPT maker develops its own chips, expanding ties with the ‌South Korean technology giant across semiconductors and enterprise AI services.

Baidu is racing to catch up with rivals in the post-ChatGPT era. Its Ernie series of foundation models has fallen behind open-weight competitors such as Alibaba and Moonshot.

Qualcomm said on Tuesday Amazon ‌could buy up to $60 billion of its AI data-center chips and related products under a long-term partnership, bolstering the chipmaker’s effort to become a major supplier of AI infrastructure.

Mistral on Tuesday said it raised 3 billion euros ($3.5 billion) in fresh funding led by memory chip giant Samsung, as the French startup looks to position itself as a European alternative to rivals like OpenAI and Anthropic.

ASML, the Dutch chip manufacturing tool company, said it plans to work together with its major customers to produce its most advanced tools for developing the kind of large data center chips designed by Nvidia and others.

Nvidia will buy popular developer platform Hugging Face for $12.93 billion, betting that support for open AI models will drive future demand even as its biggest customers develop ​their own chips to reduce reliance on the semiconductor giant.

Broadcom topped expectations with its latest quarterly financial results, but that wasn’t enough to send its stock higher.

Shares of MediaTek closed 10% higher on Tuesday after the Taiwanese chip firm announced a partnership with Nvidia, bolstering its push into the data center market.

Marvell Technology shares fell 7.9% in pre-market trading after the chipmaker reported fiscal second-quarter results that exceeded revenue and earnings expectations and raised its full-year outlook.

Amazon and Nvidia just got a lot closer. The two companies announced Wednesday an expanded partnership that includes a deal to add another 2 million Nvidia GPU chips to Amazon’s data centers.

Nvidia on Wednesday forecast a 70% ​jump in revenue next fiscal year, underscoring unabated demand for AI computing, while warning that shortages of memory components would continue to curb how ‌quickly it can expand.

Nvidia has agreed to buy open-source platform Hugging Face for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal.