Tag: Semiconductors

Intel reported third-quarter earnings on Thursday that beat expectations for profit and sales, even as its revenue declined from the year-earlier period.

Texas Instruments 0.41% earnings topped estimates but its stock was dropping in after-hours trading Tuesday after the chip maker provided a revenue forecast for the December quarter below expectations.

Oct 23 (Reuters) – Nvidia dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers.

TSMC posted a third quarter profit of NT$211 billion on Thursday – its largest profit decline since the first quarter of 2019 – as weak demand for consumer electronics persists.

BERLIN, Oct 18 (Reuters) – German chip manufacturer Infineon said on Wednesday it has signed a multi-year agreement with Hyundai and Kia to supply power semiconductors for the production of electric cars.

ASML reported a profit decline in the third quarter, but beat estimates as it forecast 2024 revenue will be flat.

Nvidia and a number of other AI chip companies saw their shares fall Tuesday morning due to new U.S. export restrictions on China.

Oct 10 (Reuters) – Coherent (COHR.N), a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan’s Denso (6902.T) and Mitsubishi Electric (6503.T) will invest $1 billion in the company’s silicon carbide business.

Taiwan Semiconductor Manufacturing’s latest monthly sales suggest the chip maker is doing better than expected.

Intel said it will treat its Programmable Solutions Group as a standalone business, with the goal of conducting an IPO for the unit in the next two to three years.

Microsoft’s Chief Technology Officers Kevin Scott said AMD’s graphics cards will be increasingly critical in the years to come.

Micron Technology MU +0.40% shares were headed lower in late trading Wednesday after the memory chip company posted weak financial results for the latest quarter but provided revenue guidance that topped Wall Street estimates.

Intel Corp. was slapped with a fresh €376.36 million ($400 million) fine by European Union antitrust regulators after an EU court had wiped out a one-time record €1.06 billion penalty against the chipmaker.

 Broadcom tumbled 6% on Thursday after The Information reported Google executives had discussed dropping the company as a supplier of artificial intelligence chips as early as 2027.

Arm Holdings jumped another 6% on Friday in U.S. pre-market trade, continuing its rally after its Nasdaq debut this week.

Arm, the chip design firm that supplies core technology to companies including Apple  and Nvidia , priced its initial public offering at $51 a share.

Qualcomm  said Monday that it will supply Apple with 5G modems for smartphones through 2026.

 China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector, two people familiar with the matter said, as the country ramps up efforts to catch up with the U.S. and other rivals.

Chip design firm Arm on Tuesday submitted an updated filing for its upcoming blockbuster initial public offering on the New York Stock Exchange, setting a price range between $47 and $51.

Broadcom (AVGO.O) forecast fourth-quarter revenue slightly below Wall Street estimates on Thursday, on worries bleak enterprise spending and stiff competition in the networking chip space will outweigh benefits from a boom in artificial intelligence-led demand.