Tag: Semiconductors

Marvell Technology Inc reported third-quarter fiscal 2025 earnings that exceeded analyst expectations, driving its stock nearly 13% higher in premarket trading Wednesday. The company also provided an optimistic outlook for the fourth quarter, citing robust demand for its AI-related products.

Pat Gelsinger has abruptly stepped down as Intel chief executive, ending a nearly four-year run during which he failed to halt the Silicon Valley icon’s slide into turmoil.

Intel said on Wednesday its deal for $7.86 billion in U.S. government subsidies restricts the company’s ability to sell stakes in its chipmaking unit if it becomes an independent entity.

On Tuesday, the Biden administration announced the Commerce Department has awarded $7.865 billion to the company via direct funding from the Chips and Science Act.

The U.S. government plans to reduce Intel Corp’s preliminary $8.5 billion federal chips grant to less than $8 billion, the New York Times reported on Sunday citing unnamed sources.

Applied Materials forecast first-quarter revenue below Wall Street estimates on Thursday, a sign of sluggish demand for the chipmaking equipment outside of AI-powered chips, sending its shares down nearly 5% in extended trading.

Taiwan Semiconductor Manufacturing Co., a company integral to modern chipmaking, is being awarded up to $6.6 billion in CHIPS Act funding, the U.S. Commerce Department said Friday. Besides the direct funding, Taiwan Semi also will be eligible for up to $5 billion of loans.

ASML Holding was climbing Thursday as the chipmaking machinery company said it wasn’t cutting its long-term targets. It’s a relief for the semiconductor sector after ASML’s sales warning last month tanked chip stocks.

The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday, according to a person familiar with the matter.

Japan’s government will propose a $65 billion plan to boost its chip industry with subsidies and other financial assistance over a period of “multiple years”, a draft seen on Monday by Reuters showed.

Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter.

U.S.-listed shares of chip designer Arm Holdings fell 6% premarket after its quarterly forecast disappointed investors, who had high expectations due to AI-driven interest in chip companies.

NXP Semiconductors reported softer guidance Monday despite better-than-expected earnings in Q3 as ongoing weakness in its automotive business continued to weigh.

Shares of SK Hynix rallied 6.5% on Monday after the business announced a next-generation memory chip and the parent company’s chair said that the South Korean semiconductor firm sped up the supply of a key product to Nvidia

Intel’s upbeat revenue projections on Thursday masked a sore point for the embattled company: chips touted for artificial intelligence have not lived up to sales expectations.

AMD reported earnings results Tuesday afternoon in line with expectations, but the company forecast slightly less revenue than expected for its December quarter.

Taiwan Semiconductor Manufacturing Company suspended shipments to China-based chip designer Sophgo after a chip it made was found on a Huawei AI processor, according to two people familiar with the matter.

South Korea’s SK Hynix, one of the world’s largest memory chipmakers, on Thursday posted record quarterly profit, boosted by strong demand for its high bandwidth memory (HBM) used in generative AI.

Taiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit in the third quarter and forecast annual revenue growth in the last three months of the year, as global chipmakers continue to benefit from demand boosted by AI applications.

Advanced Micro Devices stock is falling after the company launched its latest data center AI chip.