“The US Department of Commerce and Samsung Electronics have signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding under the Chips and Science Act,” said a statement published by the Commerce Department. A general view of Samsung Electronics’ semiconductor plant under construction in Taylor, Texas, on January 2, … Read more
GlobalFoundries, a company that makes chips for others, including AMD and General Motors, previously announced a partnership with Lightmatter. Harris says his company is “working with the largest semiconductor companies in the world as well as the hyperscalers,” referring to the largest cloud companies like Microsoft, Amazon, and Google. If Lightmatter or another company can … Read more
Nvidia shares dipped in premarket trading on Tuesday after having more than tripled in value in the past year, as the dominant AI chip supplier unveiled its latest flagship product that is expected to further cement its lead in the industry. Shares of Wall Street’s third most-valuable firm were down about one per cent, with some … Read more
Mounting US trade sanctions and domestic software that is lagging behind American-made technology pose the biggest threats to China’s cybersecurity, according to the chairman of one of the country’s leading cybersecurity companies. In an interview with Shanghai news outlet The Paper on Sunday, Qi Xiangdong, the chairman of Beijing-based cybersecurity firm Qi An Xin (QAX), … 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
Nvidia has surged to new highs on the stock market in recent weeks, fueled by optimism about the future of artificial intelligence (AI). The chipmaker — which is a leading manufacturer of the graphic processing units (GPUs) typically used in AI — closed above $2 trillion for the first time Friday, making it the third … Read more
The magnificent rally in semiconductor stock Nvidia in recent days has made the Wall Street stock among the most popular bets for Indians who invest in US stocks. In volume terms, it is the second most popular stock on Vested Finance since the last 6 months with trading volumes of more than $25 million. Volumes … Read more
Shares of Nvidia have surged after the chipmaker posted strong fourth quarter results earlier this week. Nvidia, a leading manufacturer of the graphics processing units (GPUs) typically used for artificial intelligence (AI) models, saw its shares jump 16 percent Thursday and had climbed another 3 percent as of midmorning Friday. The surge followed the company’s … Read more
Nvidia briefly hit $2 trillion in market value for the first time on Friday, a day after adding $277 billion in stock value. Thursday’s M-Cap rally by Nividia was Wall Street’s largest one-day gain for a single company in history after the heavyweight chipmaker’s quarterly report beat expectations and reignited a rally fuelled by optimism … Read more
The S&P 500 and Dow Jones Industrial Average eked out another closing record high on Friday, with all three Wall Street benchmarks scoring weekly gains, as artificial intelligence stocks had enough steam to keep the rally chugging along. AI poster child Nvidia advanced again, rising 0.4%, and briefly traded above $2 trillion in market valuation … Read more
