Tag: Semiconductors

TD Cowen and Bank of America both downgraded Marvell Technology on Tuesday, citing concerns about the chipmaker’s all-stock acquisition of Lumentum.

Marvell Technology, is buying optical components maker Lumentum, in a $115 billion all-stock deal, including debt, as the custom chipmaker looks to challenge larger rival Broadcom,  and take advantage of the AI spending boom.

Samsung Electronics reported its fourth consecutive quarter of record earnings as its core semiconductor business continued to ride the AI-driven demand wave.

South Korean chipmaker SK Hynix shares closed 10.89% higher on Wednesday after the company reported record quarterly profit that sharply beating estimates, and announced over $25 billion in dividends and buybacks.

Nvidia has said it will invest $3 billion in Meta after the social media and AI giant announced plans to raise $95 billion to support its investments in artificial intelligence infrastructure.

Vertiv Holdings Co. and NVIDIA announced today a collaboration to accelerate AI data center deployment through pre-engineered reference designs and factory-built infrastructure, according to a press release statement.

Intel Stock Rises After Musk’s Cryptic Terafab Comments Intel stock was rising ahead of the open Wednesday as part of a broad rally in chips and other artificial-intelligence names.

Samsung Electronics and SK Hynix are upgrading their ​China factories to produce more advanced memory chips, four people familiar with the plans said, aiming to fend off competition from a fast-growing Chinese rival and meet huge AI demand.

Nvidia is expanding its efforts to prevent AI agents from going rogue and teaming up with Agile Robots on a new humanoid robot reference design.

ByteDance, Alibaba and Tencent have ordered more than 3 million of Nvidia’s new RTX PRO 5500 graphics cards with a collective sticker price of over $35 billion, two people familiar with the matter said, in a ​rush for a less powerful but export-compliant chip amid US restrictions on trade with China.

TSMC, the world’s leading contract chipmaker, beat estimates on Thursday to post a sixth consecutive quarter of record profits amid relentless spending by customers on AI infrastructure.

ASML said it was exploring new ways to expand production of its advanced chipmaking machines, as AI-driven demand is forecast to run ahead of supply into 2028.

Fermi Inc. has signed a credit support agreement with Advanced Micro Devices to back a lease for the first phase of Fermi’s Project Matador, an energy and AI development in Carson County, Texas, with 222 megawatts of gross power capacity.

The chief executives of Intel and Broadcom warned that access to capital could emerge as a major constraint on the artificial intelligence boom, even as demand for computing infrastructure continues to outstrip supply. 

Samsung Electronics and SK Hynix shares fell more than 3% on Monday as Chinese memory chipmaker ChangXin Memory Technologies (CXMT) reported progress on a next-generation DRAM design that could help increase storage density and intensify competition with South Korea’s chipmakers.

Nvidia is in talks to acquire or deepen its investment in US start-up Reflection AI, a developer of open-weight models that President Donald Trump’s administration hopes will rival cheap Chinese alternatives, people with direct knowledge of the matter said.

Samsung Electronics on Thursday projected its quarterly ​profit would top 100 trillion won, a world first for a technology company, estimating a nearly nine-fold jump in third-quarter ‌earnings as booming demand for AI chips drove strong memory sales.

The world’s largest contract chipmaker Taiwan Semiconductor Manufacturing Co posted revenue of $511.86 billion New Taiwan dollars ($16.03 billion) for September, up 54.6% on the year prior, but down 0.6% on August. Its third quarter revenue came around $NT1.49 trillion.

Chipmaker Wolfspeed said on Wednesday it has received a conditional loan commitment ​for up to $1.5 billion from the ‌US Department of Defense to expand domestic production of silicon carbide materials and power devices, ​sending its shares surging 27% in ​extended trading.

The company is seeking to raise about $10bn in bank loans and $30bn in investment-grade debt to fund its blockbuster chip order, according to people familiar with the matter.