Tag: Semiconductors

The U.S. Attorney’s Office for the Southern District of New York has charged associates of an unidentified U.S. server maker with illegally diverting billions of dollars in Nvidia-powered servers to China.

Tesla (TSLA) is looking to buy equipment worth $2.9 billion for manufacturing solar panels and cells from Chinese suppliers including Suzhou Maxwell Technologies (300751) two people familiar with the matter said, ​as CEO Elon Musk aims to add 100 gigawatts of solar capacity in the United States.

Micron’s revenue almost tripled in the latest quarter as results topped analysts’ estimates and guidance sailed past expectations. The stock, which is up more than 350% in the past year, slipped in extended trading.

Samsung Electronics (5930), opens new tab and Advanced Micro Devices (AMD), signed a memorandum of understanding to expand their strategic partnership on memory chip ​supplies for artificial intelligence infrastructure, the companies said on Wednesday.

Nvidia (NVDA) has won Beijing’s approval to sell its second-most powerful ​artificial intelligence chips to China and is also preparing a version of the Groq AI chip that can be sold to the ‌Chinese market, sources familiar with the matter said.

At Nvidia’s annual developer conference on Monday, CEO Jensen Huang took the stage to a packed house and said he expects purchase orders between Blackwell and Vera Rubin to reach $1 trillion through 2027.

Shares of Samsung Electronics (5930) rose as much ​as 5% on Tuesday after Nvidia (NVDA) CEO Jensen Huang said ‌the South Korean company was producing Nvidia’s new artificial intelligence chips.

Micron Technology (MU) is adding memory-chip manufacturing capacity as fast as it can. Don’t expect that to significantly ease the shortages which are roiling the smartphone and personal-computer markets and boosting the company’s earnings.

Nvidia (NVDA)  CEO Jensen Huang is set to detail the company’s hardware and software ‌plans to a large crowd in San Jose, California, at the company’s annual developer conference on Monday.

Shares of Nebius Group popped 10% on Wednesday after Nvidia announced it will invest $2 billion in the artificial intelligence cloud company.

Taiwan Semiconductor Manufacturing Co.’s sales rose 30% in the first two months of the year, buoyed by the robust pace of AI infrastructure construction prior to the outbreak of conflict in the Middle East.

AI data center startup Nscale has raised $2 billion at a $14.6 billion valuation, the company announced on Monday, as the AI infrastructure boom continues.

Marvell Technology stock was popping early Friday after the chip maker reported better-than-expected fourth-quarter earnings. Providing custom artificial-intelligence chips and networking products is proving to be a healthy mix.

Meta Platforms (META) has signed a multi-billion dollar deal to rent artificial intelligence chips from Google (GOOGL), to develop new AI models, The Information reported on Thursday, citing a person involved in the talks.

Nvidia (NVDA), opens new tab will invest $2 billion each in photonic product makers Lumentum (LITE), opens new tab and Coherent (COHR), opens new tab to support the companies’ research and development and manufacturing operations in the U.S., the companies said on Monday.

OpenAI has closed a $110 billion funding round, a financing that’s more than double the size of its last raise a year ago, which was a record for a private tech company.

A 20% slide in Baidu Inc.’s shares over the past month serves as a crucial reminder for companies in China’s rapidly intensifying artificial intelligence race: investors are demanding tangible results.

Nvidia reported better-than-expected fiscal fourth-quarter results on Wednesday, driven by 75% revenue growth in its core data center business. The stock rose initially rose in extended trading before paring most of its gains.

In addition to running Intel, Lip-Bu Tan is chairman of artificial intelligence chipmaker SambaNova, which he first invested in eight years ago. Now Intel is pumping money into the startup as it tries to take on industry leader Nvidia.

Advanced Micro Devices (AMD)stock surged 14% in premarket trading Tuesday after the chip maker agreed to a long-term deal with Meta Platforms (META).