Tag: Semiconductors

Marvell Technology posted earnings results and gave financial guidance below Wall Street expectations, driving the stock lower in post market trading.

US officials have told Advanced Micro Devices Inc. that the artificial intelligence chip it tailored for the Chinese market is too powerful to sell without a license from the Commerce Department, throwing up a roadblock for the company as it tries to navigate Washington’s crackdown on exports of advanced technologies.

Nvidia shares jumped 14% in pre-market trade on Thursday after the chip giant posted bumper earnings that beat Wall Street estimates, driven by excitement over artificial intelligence.

The Biden administration is in talks to confer more than $10 billion in subsidies to Intel Corp., people familiar with the matter said, in what would be the largest award yet under a plan to bring semiconductor manufacturing back to US soil.

Applied Materials earnings beat and upbeat outlook gave Wall Street cause to believe that the chip equipment maker’s strong rally can keep going.

Imagine a more private and personalized ChatGPT that allows users to talk to data stored locally on their own computers.

Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to nine sources familiar with the company’s plans.

Arm Holdings surged more than 25% on Thursday driven by strong forecasts as customers aim to design new chips for artificial intelligence work that could bump up royalties for the British tech firm.

Advanced Micro Devices got a show of support last week when Elon Musk said he would buy its chips to power artificial-intelligence efforts at Tesla. Wall Street is betting its earnings will provide further proof of AMD’s AI chip potential.

Intel issued an outlook for the first quarter of 2024 that lagged analyst estimates.

Microchip manufacturer STMicroelectronics on Thursday said its revenues started to dip in the final three months of 2023 as it warned of a further slowdown in sales over the first quarter of 2024 caused by the slump in the global manufacturing sector.

Europe’s largest tech company, ASML Holding, on Wednesday held onto its conservative outlook for 2024 despite promising signs of a recovery in the semiconductor industry that saw it receive a record €9.2 billion worth of orders in the final quarter of 2023.

TSMC reported fourth-quarter revenue slipped 1.5% from a year ago to NT$625.53 billion, while net income dropped 19.3% from a year ago to NT$238.71 billion. 

Semiconductor equipment maker ASML was barred by the Dutch government from exporting some of its tools to China, the company said.

U.S. chipmaking giant Nvidia is set to launch an adjusted version of a gaming processor with slower performance in China to comply with U.S. export restrictions.

Israel’s government agreed to give Intel a $3.2 billion grant for a new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday, in what is the largest investment ever by a company in Israel.

ASML and Samsung Electronics agreed to jointly invest 1 trillion won to build a plant in South Korea to develop high-tech semiconductor processing technology for cutting-edge chips.

U.S. Commerce Secretary Gina Raimondo said she expects to make around a dozen semiconductor chips funding awards within the next year, including multi-billion dollar announcements that could drastically reshape U.S. chip production.

BEIJING/SINGAPORE, Dec 11 (Reuters) – Chinese chip designers including Tencent Holdings are aggressively pitching their AI chips as alternatives to Nvidia’s , hoping U.S. export restrictions will prompt clients to switch, said four people familiar with such discussions.

Broadcom Inc. topped profit expectations for its latest quarter, but shares of the chip company were falling in Thursday’s aftermarket action.