NEW YORK: Wall Street stocks advanced on Friday, notching the second straight week of gains, helped by strong economic data and potential easing of trade tensions between the U.S. and China. The U.S. economy added 177,000 jobs in April, exceeding expectations, while the unemployment rate held steady at 4.2%. The data helped to assuage concerns … Read more
Intel foundry. Image: Intel Intel has tentatively agreed to let Taiwan Semiconductor Manufacturing Company (TSMC) take over some of its chipmaking facilities, according to The Information. TSMC will hold a 20% stake in the joint venture, contributing not cash, but value through sharing its chipmaking practices and training Intel staff, according to anonymous sources cited … Read more
Image: Intel Intel has named chip industry veteran Lip-Bu Tan as its new CEO, effective March 18. The 65-year-old spent 12 years as the CEO of Cadence Design Systems, a company specializing in software and hardware solutions for chip design, during which he doubled its revenue. Tan also founded a venture capital firm that has … Read more
Intel foundry. Image: Intel Taiwan Semiconductor Manufacturing Company has offered a share in its proposed acquisition of Intel’s chip foundries to NVIDIA, Broadcom, and AMD, sources told Reuters. The Taiwanese chipmaker intends to oversee the operations of Intel’s fab division, but aims to retain less than 50% ownership and is seeking multiple partners for the … Read more
Image: Gage Skidmore U.S. President Donald Trump has called on Congress to “get rid of” the 2022 CHIPS and Science Act, arguing the semiconductor funding law funnels billions to foreign companies without meaningful returns for the U.S. Speaking during a joint address to Congress on March 4, Trump criticized the act’s $39 billion in semiconductor … Read more
Apptronik said on Thursday it has raised $350 million in a funding round led by B Capital and Capital Factory, with participation from Alphabet’s Google, to scale production of AI-powered humanoid robots. The Austin, Texas-based company is developing Apollo, a human-like or humanoid robots whose tasks will include working in warehouses and manufacturing plants by … Read more
The federal government on Jan. 13 proposed a global policy to limit the distribution of powerful, U.S.-made GPUs, an effort to promote U.S. dominance over China in the AI chip industry. “To enhance U.S. national security and economic strength, it is essential that we do not offshore this critical technology and that the world’s AI … Read more
Arnab Das, Global Macro Strategist, Invesco EMEA, says an industrial revolution is taking place within which AI has a very important role, That is going to continue. There is possibly a significant amount of hype, and maybe some over-hyping around it. Nevertheless, it is an important change. It is, eventually going to increase productivity and … Read more
Generative artificial intelligence (AI) has become the latest buzzword across industries and businesses. Most agree that it is going to revolutionise businesses. Yet serious questions hang over its uses and impact. A KPMG survey in the US found executives expect Generative AI to have an enormous impact on business, but most say they are unprepared … Read more
On Wednesday, US-based technology giant Nvidia Corp raced to the top of the global market-cap rankings, surpassing giants like Microsoft and Apple. With a market-cap of $3.335 trillion, Nvidia is now more valuable than some of the biggest global markets. ET Bureau Source link