Tokyo: Japanese chipmaker Kioxia will be listed on the stock exchange next month in an initial public offering valuing the company at $4.8 billion, its filing to the Tokyo Stock Exchange said Friday. Formerly the semiconductor unit of Japanese engineering giant Toshiba, the company is the world’s third-largest producer of NAND flash memory chips. It … Read more
Intel slumped over 10% on Friday following a bleak first-quarter revenue outlook, as the chipmaker plays catch-up in the AI race, while also dealing with weak demand in the PC market. Intel was set to lose about $22 billion in market value, if premarket losses hold, based on its share price of $44.39. Its stock … Read more
Qualcomm is considering a return to the server market with a new chip in a bid to decrease its reliance on smartphones, Bloomberg News reported on Thursday, citing people familiar with its plan. Shares of Qualcomm rose nearly 3 percent in afternoon trading. The chipmaker is seeking customers for a product stemming from its purchase … Read more
Shares in ASML Holding, a key supplier of equipment to semiconductor makers, fell on Tuesday following a Bloomberg News report that the US government wants to restrict the company from selling equipment to China. ASML has already been unable to ship its most advanced tools to China, but the report said Washington would also restrict … Read more
Taiwan will join “democratic countries” in putting sanctions on Russia over the invasion of Ukraine, the government said on Friday, with the world’s largest contract chipmaker TMSC adding it would comply with all export control rules. The crisis is being watched closely in Taiwan, which China claims as its own territory and which has faced … Read more
Taiwan will join “democratic countries” in putting sanctions on Russia over the invasion of Ukraine, the government said on Friday, with the world’s largest contract chipmaker TMSC adding it would comply with all export control rules. The crisis is being watched closely in Taiwan, which China claims as its own territory and which has faced … Read more
A Huawei executive says that recent US sanctions against the company have caused a shortage of computer chips for the company, hurting the growth of its smartphone business. Richard Yu, president of Huawei’s consumer business, said at a company conference for developers on Thursday that the company has still managed to gain a 51 percent market … Read more