CHIP FIRMS
Hedge funds turn to South Korea for next wave in AI Hedge funds, including FengHe and CloudAlpha, invest in South Korea's chipmakers and firms like HD Hyundai Electric. These companies support Nvidia, aided by a 26 trillion won government package, boosting the KOSPI index. Despite the depreciating wo...
11 Jul, 2024, 08.39 PM ISTJapan's Nikkei crosses 42,000 points as Wall Street rally spurs sentiment Japan's Nikkei and Topix surged as Wall Street's Nasdaq and S&P 500 hit records. Nikkei reached 42,179.84, driven by yen depreciation and semiconductor shares like Taiwan Semiconductor Manufacturing Co. Gains in Fast Retailing, Socionext, Sumco, Son...
11 Jul, 2024, 09.38 AM ISTSamsung Elec union in South Korea says will strike indefinitely The National Samsung Electronics Union (NSEU), whose roughly 30,000 members make up almost a quarter of the firm's South Korean workforce, said it has decided to continue striking because management has shown no indication of holding talks after a s...
10 Jul, 2024, 09.11 AM IST- ADVERTISEMENT
Samsung Electronics wins cutting-edge AI chip order from Japan's Preferred Networks Samsung Electronic said in a statement the chip will be made using high-tech chip architecture known as gate all-around (GAA) and multiple chips will be integrated in one package to enhance inter-connection speed and reduce size.
09 Jul, 2024, 12.38 PM ISTU.S. creates high-tech global supply chains to blunt risks tied to China The core elements of the plan include getting foreign companies to invest in chipmaking in the United States and finding other countries to set up factories to finish the work.
09 Jul, 2024, 10.13 AM ISTTrillion-dollar chip giant: Five things to know about TSMC Taiwanese semiconductor titan TSMC briefly joined a rarefied club of companies valued at more than $1 trillion on Monday. It works closely with AI leader Nvidia, which became the world's most valuable traded company in June with a market capitalisat...
09 Jul, 2024, 08.10 AM ISTET Explainer: Why are South Korean Samsung workers protesting? The National Samsung Electronic Union (NSEU) which represents thousands of Samsung Electronics workers expressed dissatisfaction with the annual leave, wages, and current bonus calculations. Despite Samsung proposing flexible terms regarding pay and...
08 Jul, 2024, 04.44 PM ISTSamsung Electronics workers strike as union voice grows in South Korea The National Samsung Electronics Union (NSEU), whose roughly 30,000 members make up almost a quarter of the firm's South Korean workforce, also wants an extra day of annual leave for unionised workers and changes to the employee bonus system.
08 Jul, 2024, 11.34 AM ISTFormer ASML CEO says US-China chip fight will continue The recently retired CEO of semiconductor equipment maker ASML said in an interview that discussions between US and China are not being conducted on the basis of facts, data or content but rather on ideology. Since 2018, the US has imposed increasin...
06 Jul, 2024, 04.23 PM ISTSouth Korean shares hit over 29-month high, Samsung Electronics shines South Korean financial markets experience a surge, with shares hitting a 29-month high driven by Samsung Electronics' expected profit increase. Auto and financial sectors also see gains due to dividend policy measures. Bank of Korea suggests structu...
04 Jul, 2024, 01.02 PM ISTSoftBank trades above record-high close in win for Masayoshi Son SoftBank's shares surge on AI and chip investments, led by Masayoshi Son's strategic moves with key partnerships and focus on energy-efficient architecture. Despite market volatility and past setbacks, the company remains a prominent player in the g...
03 Jul, 2024, 10.11 AM ISTIndian Army inducts first-ever indigenous chip-based made in India 4G base station from Signaltron The Indian Army has introduced its first indigenous chip-based 4G mobile base station, procured from Signaltron, a Bangalore-based firm, via the government e-marketplace portal. Developed using India's own Signalchip technology, the Sahyadri LTE bas...
30 Jun, 2024, 02.00 PM ISTPriyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms Karnataka IT minister Priyank Kharge met Ashwini Vaishnaw, union IT minister, to seek support for the state's semiconductor and electronics space. Kharge said that the State has the highest share of 46% in India in housing innovative companies and c...
28 Jun, 2024, 06.16 PM ISTMicron Tech beats revenue estimates on AI chip demand; shares fall after run-up Benefiting from the high demand for memory chips, Micron Technology's revenue exceeded expectations in the third quarter. However, the company's forecast for the fourth quarter fell short of optimistic investor expectations, leading to a stock price...
27 Jun, 2024, 08.03 AM ISTNvidia short sellers make $5 billion from three-day selloff, data shows Short sellers have profited significantly from Nvidia's recent decline, with gains peaking at $2.40 billion in a single day, showcasing the impact of market dynamics on the AI chip designer's stock.
26 Jun, 2024, 07.27 AM ISTIntel nears $11 billion deal with Apollo for Ireland facility: report The move comes as Intel looks to expand its presence across the United States with a planned $100-billion spending spree across four states to boost its manufacturing business and catch up with chipmaking rival TSMC.
13 May, 2024, 05.41 PM ISTChinese firms helping military get AI chips added to US export blacklist U.S. adds Chinese companies to export blacklist for supplying AI chips to China's military. Restrictions extended to companies supporting Russia's military and drones in conflicts. China criticizes U.S. actions, emphasizing normal economic cooperati...
12 Apr, 2024, 09.36 AM ISTASML, computer chip firms testify to parliament on tax, policy needs The appeal comes as ASML weighs what share of its future operations will be based in the Netherlands, and one week after the Dutch government presented a plan to spend 2.5 billion euros ($2.7 billion) on improving infrastructure in the Eindhoven reg...
04 Apr, 2024, 11.31 AM ISTUS may soon unveil list of Chinese chip factories barred from receiving tech The commerce department in 2022 barred U.S. companies from shipping equipment to Chinese factories producing advanced chips, as the U.S. seeks to severely limit Beijing's technological advances over national security concerns.
29 Mar, 2024, 08.03 AM ISTAt major China chip fair, firms ramp up call to buy domestic The message was plastered across booths and marketing materials of a variety of companies, from chip equipment makers to materials producers. These included Vel-Tec Semiconductor, a Kunshan-based firm that makes photoresist coating equipment, and Sh...
22 Mar, 2024, 04.35 PM IST