Latest News, Updates & Breaking Headlines
Shares of California-based semiconductor company Marvell Technology surged more than 20% on June 2 after Nvidia CEO Jensen Huang predicted it could become the “next trillion-dollar company.” During a stage appearance in Taiwan alongside Marvell CEO Matthew Murphy, Huang publicly praised the company saying Marvell has enabled greater connectivity across AI systems and that it…
Intel share price soared sharply on Friday after the chipmaker delivered a first-quarter performance that exceeded market expectations. And the win was not just for the chipmaker, but also the whole of US!The stock climbed 26.7% during trading on Friday, marking what could be its strongest single-day gain since 1987. Momentum continued after the closing…
Intel has officially joined forces with Elon Musk’s ‘mega company’: SpaceX, Tesla and xAI, to help build “Terafab,” a massive new semiconductor manufacturing project. As a part of the tie-up, the US chipmaker will bring its expertise in designing, fabricating and packaging high-performance chips to the table. Following the announcement, Intel CEO Lip Bu-Tan publicly…
South Korea has now issued a warning to its semiconductor industry, including giants like Samsung and SK Hynix about the potential disruptions stemming from the escalating war between US-Israel and Iran. According to a report by Reuters, the ruling party lawmaker Kim-Young-bae said that the executives raised concerns over sourcing critical chip-making materials from the…
China has reportedly issued a new mandate under which domestic chipmakers will be required to source at least 50% of their equipment from local suppliers. Insiders describe the move as a core component of President Xi Jinping’s ‘Whole Nation’ approach to technology, and it is seen as is a direct response to tightening US export…
Intel has said that it is shelving plans to spin off or sell a stake in its Networking and Edge Group (NEX) division. The chipmaker said that it is now best positioned to succeed as an internal unit. The decision marks a reversal of a strategy announced earlier this year. The company said it would…
