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SoftBank group acquires AI chipmaker Graphcore
Jul 12,2024
SoftBank Group, the Japanese multinational investment holding company, has acquired Graphcore, a British AI chipmaker, in a strategic business move that ends speculation about Graphcore's future amid financial struggles. Once positioned as a competit...
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USA invests $1.6 billion in chip packaging to compete with China
Jul 10,2024
The Biden administration announced a plan to allocate up to$1.6 billion to advance technology for packaging computer chips, a crucial step to maintain the US edge over China in fields like AI. The funding, authorised under the 2022 CHIPS Act, aims to...
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Musk's xAI and Oracle halt $10 billion server deal talks
Jul 10,2024
Elon Musk's AI startup xAI and Oracle have ended discussions on a potential$10 billion server deal. The talks aimed to expand an existing agreement where xAI rents Nvidia AI chips from Oracle. Musk stated that xAI would build a system independently u...
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Chip boom propels TSMC into top tech giants
Jul 09,2024
The recent surge of Taiwanese chip giant TSMC into the ranks of the world's most valuable companies underscores the significant impact of the generative AI revolution on Wall Street. TSMC briefly surpassed the$1 trillion market capitalisation mark, s...
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Samsung wins AI chip order from Japan
Jul 09,2024
Samsung Electronics announced securing an order from Japanese AI company Preferred Networks to manufacture chips using its advanced 2-nanometre foundry process and advanced chip packaging service. The trade exchange between the two countries marks Sa...
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AI demand boosts Samsung profits
Jul 05,2024
Samsung Electronics reported a significant surge in its second-quarter operating profit, driven by rising semiconductor prices amid booming demand for AI. The company's operating profit is estimated to have increased more than 15-fold to 10.4 trillio...
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Huawei executive downplays AI chip shortage
Jul 04,2024
A senior executive at Chinese tech giant Huawei dismissed concerns that a shortage of advanced AI chips would hinder China's leadership in AI. Zhang Ping'an, CEO of Huawei Cloud, acknowledged China's computing power limitations but emphasised the nee...
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US tightens grip on Huawei by revoking eight licenses in 2024
Jul 03,2024
The US has revoked eight licenses this year, which previously allowed certain companies to export goods to Huawei in an attempt to exert pressure on the Chinese telecom giant. Earlier in May, the Commerce Department announced that it had revoked some...
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Biden administration launches chip workforce programme
Jul 03,2024
By 2030, the US is expected to face a shortage of 90,000 semiconductor technicians, jeopardising its goal to produce a significant share of the world's advanced chips. The Biden administration has launched a new programme to develop the domestic chip...
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Chinese-owned Nexperia invests $200M in Europe
Jun 27,2024
The leading producer of vital semiconductors, including transistors and diodes, Nexperia, revealed on Thursday that it will invest$200 million in manufacturing capacity at its main plant in Hamburg, Germany. With this step, Nexperia-a Dutch business ...
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South Korea launches $19 billion aid to boost semiconductor industry
Jun 26,2024
South Korea will begin providing financial aid to chipmakers in July, launching a 26 trillion won ($19 billion) support package to bolster the critical semiconductor industry. The initial phase will include an 18 trillion won package, offering prefer...
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ByteDance partners with Broadcom for advanced AI chip
Jun 24,2024
ByteDance, the Chinese owner of TikTok, is collaborating with US chip designer Broadcom to develop an advanced AI processor. This 5-nanometer chip, compliant with US export restrictions, will be manufactured by Taiwan's TSMC. The initiative is aimed ...
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