Tag: Semiconductors

China set up a multibillion-dollar state-backed investment chip fund last week — and one observer says it will likely focus on advanced chips for AI and establishing the entire supply chain.

Nvidia’s historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors.

Taiwanese contract chipmaker TSMC, a major supplier to Apple and Nvidia, on Thursday forecast an annual revenue growth of 10% in the global semiconductor industry, excluding memory chips.

Analog Devices forecast third-quarter revenue above Wall Street expectations on Wednesday, helped by a rise in demand for its automotive and industrial chips after a prolonged slump, sending its shares up nearly 6% in premarket trading.

Applied Materials forecast third-quarter results above Wall Street estimates on Thursday, following strong demand for its semiconductor tools, but failed to meet lofty investor expectations.

British computing startup Raspberry Pi on Wednesday said it plans to list in London, in a rare win for the U.K. stock market.

Apple supplier Foxconn said on Tuesday it remained confident about strong AI server demand this year driving revenue, and pledged to stand by Japan’s Sharp after taking a large, profit-impacting writedown last year.

Arm Holdings, the U.K.-based chip maker best known for its involvement with Apple ’s iPhones, has plans to launch its first artificial intelligence semiconductors next year.

Shares of British chip designer Arm fell 8.8% in premarket trading on Thursday, as lackluster revenue guidance clouded a positive sales quarter driven by demand for artificial intelligence applications.

Advanced Micro Devices reported first-quarter earnings and sales on Tuesday that were slightly ahead of Wall Street expectations, and provided an in-line forecast for the current quarter.

 Intel shares slumped more than 7% premarket on Friday after a downbeat second-quarter sales forecast signaled that the boom in AI technology was diverting enterprise spending away from its traditional data center and PC chips.

TSMC beats revenue and profit expectations in the first quarter on strong AI chip demand.

ASML Holding shares dropped on Wednesday after its orders missed expectations. It’s a sign of caution in the chip industry despite a race to build up national semiconductor sectors.

Micron Technology Inc. said Thursday it expects the recent earthquake in Taiwan will result in an impact of up to a mid-single-digit percentage of a calendar quarter’s company-level DRAM supply.

TSMC said March revenue came in at 195.2 billion new Taiwan dollars ($6.1 billion), up 34.3% year-on-year. that’s the fastest pace of growth since Nov. 2022.

The proposed funding would give TSMC’s Arizona subsidiary up to $6.6 billion in direct funding and a potential $5 billion in loans under the CHIPS Act.

Apple iPhone manufacturer Foxconn on Friday posted a dip of 9.6% in revenue for the first quarter of 2024, compared to the same period last year.

Intel said operating losses in its chip manufacturing arm should peak this year, with the business expected to reach break-even in 2027.

China has rolled out new guidelines that will phase out U.S. processors in government computers and servers, effectively blocking chips from Intel and AMD, the Financial Times reported on Sunday.

Micron Technology shares are surging in late trading Wednesday after the memory chip maker posted results for its fiscal second quarter ended Feb. 29 that soared past expectations. May quarter guidance likewise blew past previous Street estimates.