The Dow Jones Industrial Average ended higher on Wednesday, stretching its winning streak to six straight sessions and closing above 39,000 points for the first time in five weeks, as investors kept betting on supportive U.S. monetary policy. The other Wall Street benchmarks cooled a touch as momentum stalled and U.S. Treasury yields rose on … Read more
PENANG, Malaysia: Construction cranes still surround the brand-spanking-new plant in Kulim’s industrial park in Malaysia. But inside, legions of workers hired by Austrian tech giant AT&S are already gearing up to produce at full capacity by year’s end. Outfitted in head-to-toe coveralls, with oversized safety glasses and hard hats, they’re reminiscent of the worker bees … Read more
The benchmark S&P 500 and the blue-chips Dow were subdued on Friday as an in-line inflation print signaling continued moderation in price pressures helped offset an earnings gloom cast by a dour revenue forecast from Intel. The U.S. Commerce Department’s report showed the personal consumption expenditure index – the Federal Reserve’s preferred inflation gauge -rose … 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, the US-based semiconductor company, and its acquired chip design firm Nuvia has been sued by Arm, a chip technology firm owned by Softbank Group, on Wednesday. Arm has raised allegations against both Qualcomm and Nuvia over breach of license agreements and trademark infringement. Nuvia, founded by former Apple chip architects, was acquired by Qualcomm … Read more
Nvidia on Monday warned its second-quarter revenue would drop by 19 percent from the prior quarter on weakness in its gaming business, sending the chip designer’s shares down about 8 percent. The company reported preliminary results for the second-quarter, just days after chipmaker Intel, Qualcomm, and Sony forecast weak sales on demand concerns for personal computers and … Read more
Semiconductor stocks fell globally on Tuesday as an expected visit by the US House of Representatives Speaker Nancy Pelosi to Taiwan, which China claims as its territory, fueled a fresh escalation in tensions between Washington and Beijing. China views the visit by Pelosi, second in the line of succession to the US presidency and a long-time critic … Read more
The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Company Limited (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protect US companies. If President Joe Biden’s administration proceeds with the move, … 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
Bangalore: Aster Innovation and Research Centre has joined with Intel Corporation and CARPL, to announce a state-of-the-art ‘Secure Federated Learning Platform.’ This collaboration will enable the development of AI-enabled health tech solutions where data can securely reside where it is generated. The collaboration will boost innovation in areas such as drug discovery, diagnosis, genomics, and … Read more