CHIPMAKING
South 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 structural reforms for addressing high living costs. Foreign investors show interest with net share purchases. Market yields decline notably.
AI-focused tech firms see big jump in market cap in June
Nvidia shares rose as much as 27% in June, boosting its market capitalization to $3.34 trillion, before giving up some of their gains later in the month, due to profit booking and concerns over its high valuations.
Nvidia set to face French antitrust charges
The French so-called statement of objections or charge sheet would follow dawn raids in the graphics cards sector in September last year which sources said targeted Nvidia.
Chinese chipmaker Nexperia invests $200 million in European expansion
Nexperia makes 100 billion such chips annually, nearly a quarter of the world's supply. These chips are preferred over traditional silicon chips due to their enhanced efficiency, speed, lightweight nature, and capability to operate effectively in high temperature and high voltage conditions, which are crucial in electrical infrastructure applications.
Nvidia enters correction territory as slump erases $430 billion
Shares fell 13% over the period, past the 10% threshold that represents a correction. The drop weighed on chipmakers with the Philadelphia Stock Exchange Semiconductor Index falling 3% on Monday. Broadcom Inc. fell 4% while Qualcomm Inc. dropped 5.5% and ARM Holdings Plc slumped 5.8%. US-listed shares of Taiwan Semiconductor Manufacturing Co. shed 3.5%.
Why is this Wall Street analyst predicting a stock market drop in the US?
Sam Stovall who is a leading Wall Street analyst has predicted that an economic slowdown could cause a fall of 5% in stock prices in the US. He stated that this will be noticed towards the end of this year.
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To address talent shortage, chipmakers skilling engineering students
Firms like Intel India, AMD, Applied Materials and Tessolve are teaming up students and employees to work on real-life projects, establishing labs in institutes like IIT-Bombay, driving industry-academia partnerships to conduct research in core design and AI training and sponsoring students pursuing research.
Nvidia's 10-for-1 stock split goes into effect after chipmaker's share price doubled this year
Nvidia's 10-for-1 stock split goes into effect, giving investors nine additional shares for every one they own. Nvidia's stock price has more than doubled this year, making it the third most valuable company in the S&P 500.
Zoho applies for semiconductor manufacturing facility in India
Software company Zoho, aiming to tap into India's aspirations to become a global semiconductor player, has applied with a partner to set up a semiconductor manufacturing facility in India. Co-founder Sridhar Vembu confirmed the move, citing a stringent evaluation process. The initiative aligns with India's semiconductor manufacturing incentive plan.
Japan's Nikkei rises as chip-related shares track US peers higher
Japan's Nikkei share average rose 0.55% to close at 38,703.51, led by Tokyo Electron and chip-related stocks, but gains were limited ahead of global central bank meetings.
Japan's Nikkei jumps as chip-related shares track US peers higher
Japan's Nikkei share average rose over 1% on Thursday, led by Tokyo Electron and other chip-related stocks tracking U.S. peers higher.
Nvidia's stock market value surpasses $3 trillion. How it rose to AI prominence, by the numbers
Nvidia's stock price has more than doubled this year, making it the third most valuable company in the S&P 500. The company is set to undergo a stock split, giving investors nine additional shares for every one they own.
Nvidia's stock market value surpasses $3 trillion
Nvidia's stock price has more than doubled this year and it's now the third most valuable company in the S&P 500. The company is also about to undergo a stock split and has seen soaring demand for its semiconductors.
Nvidia's market cap hits $3 trillion briefly, overtaking Apple as second most valuable company
The latest rally in Nvidia comes as it prepares to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors.
Nvidia overtakes Apple as world's No. 2 most valuable company
Nvidia's stock hits record high, surpassing Apple to become second most valuable company at $3 trillion. Silicon Valley chipmaker to split stock ten-for-one on June 7. Microsoft remains the world's most valued company with market value at $3.15 trillion.
TSMC says it has discussed moving fabs out of Taiwan, but such a move impossible
TSMC, a Taiwanese chipmaker, discussed moving its fabrication plants off the island amid tensions with China, but deemed it impossible due to 80-90% production capacity in Taiwan.
Nvidia boss, top chip CEOs to lay out AI plans at Taiwan expo
The world's biggest heavyweights in chipmaking and artificial intelligence will converge this week for Taiwan's premier tech expo, with Nvidia CEO Jensen Huang expected to get a rockstar reception at his keynote speech on Sunday. That is thanks in large part to Nvidia becoming the undisputed global leader in the specialised chips and hardware needed for cutting-edge AI. A day before his speech at the National Taiwan University, Huang threw the opening pitch before a baseball game in Taipei.
D2M tech pioneer takes on DoT arm
The Telecommunications Engineering Centre (TEC) report has suggested that 3GPP 5G broadcast standards - backed by global chipmakers Qualcomm and Samsung, telecom equipment vendors Nokia and Ericsson as well as Indian telecom operators - have superior ecosystem readiness for direct-to-mobile (D2M) broadcasting compared with the ATSC 3.0 protocols.
Nvidia's split of soaring stock could boost retail investor appeal, Dow chances
Nvidia's stock split announcement, aiming to attract more retail investors and potentially join the Dow Jones Industrial Average, follows a surge in share price. The split could make stock ownership more accessible and boost interest among individual investors.
Nvidia shares rise as blowout revenue forecast cements AI lead
Taiwan Semiconductor Manufacturing, Nvidia's contract chipmaker, said in April it expects to more than double its advanced packaging capacity this year.
US stocks fall after Fed minutes; Nvidia shares climb after the bell
Investors had focused on whether Nvidia's first-quarter results could meet sky-high expectations and whether the outsized rally in artificial intelligence-related stocks could be sustained.
Ola CFO exits; India’s data centre edge
Kartik Gupta, chief financial officer, Ola Cabs has stepped down, just two weeks after chief executive Hemant Bakshi’s exit. This and more in today’s ETtech Top 5.
Indian companies likely to use existing AI models to leverage their data: Intel executive
Santhosh Viswanathan, vice president and managing director for the India region at chipmaker Intel, said the Indian market was at an “inflection point” with digitisation being a fundamental change and accelerant for the economy.
Applied Materials' $4 billion California R&D facility sees uncertain future: report
The Biden administration said last month it would scrap plans to fund the program from the $52.7 billion Chips and Science Act due to "overwhelming demand" for funding awards to subsidize chip production.
Intel discloses $7 billion operating loss for chip-making unit
Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $27.49 billion the year before.
Japan approves $3.9 billion in subsidies for chipmaker Rapidus
Japan previously agreed to provide subsidies worth some 330 billion yen to Rapidus. The newly approved aid includes 53.5 billion yen for advanced packaging, which is becoming increasingly important for driving chip performance improvement.
US urges allies to bar firms from servicing key chipmaking tools for China
The Biden administration announced new restrictions on shipments of American-made chipmaking tools to advanced Chinese chip factories in 2022, and convinced key chipmaking tool producers Japan and the Netherlands to follow suit with their own controls.
Behind the plot to break Nvidia's grip on AI by targeting software
Almost as important to its hardware is the company's nearly 20 years' worth of computer code, which helps make competition with the company nearly impossible. More than 4 million global developers rely on Nvidia's CUDA software platform to build AI and other apps.
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