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Intel set to lay off employees as it cuts billions of dollars in spending

Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion…

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1 min read

Sam Altman wants Washington's backing for his $7 trillion AI chip venture

Sam Altman is trying to get US backing for his trillion-dollar AI chip venture to avoid national se…

Beatrice Nolan   


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1 min read

Apple has lost its crown as China's best-selling smartphone maker: report

The US tech giant has lost its top spot as China's bestselling smartphone to Vivo, a Chinese tech m…

Shubhangi Goel   


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1 min read

Marvell follows Nvidia's rally, surging 29% after chip maker cites AI as 'key growth driver'

Nvidia stock skyrocketed this week, driving a fresh AI frenzy after reporting stellar earnings and …

Morgan Chittum   


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M&M share at all time high above ₹1,000 on improving performance, demand and cheap stock valuation

M&M share at all time high above ₹1,000 on improving performance, demand and cheap stock valuation

Bhakti Makwana   


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Nvidia may leapfrog Apple in value if the iPhone maker doesn't wow investors with AI soon, analyst says

A lot is riding on Apple's push towards AI — including the iPhone maker's current market cap domina…

Aaron Mok   


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Short sellers who bet against Nvidia lost $2.2 billion in a single day amid the chip maker's stellar rally

Short sellers who bet against Nvidia lost billions of dollars in a single day as the chipmaker's st…

Zinya Salfiti   


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Intel suspends operations in Russia, will continue to support Russian employees

Intel has today announced that it is joining other tech giants and suspending operations in Russia …

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Nvidia is the top AI pick and the stock could jump 15% as demand has picked up since the chip maker's blockbuster earnings report, Morgan Stanley says

"While we have been positive since upgrading the stock earlier in the year, we were nowhere near as…

Jason Ma   


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Short-seller Jim Chanos warns Nvidia's epic growth is cannibalizing Big Tech — as the chip titan's value surges by $1 trillion in 4 months

Nvidia is raking in massive profits while its Big Tech customers rack up huge bills buying its chip…

Theron Mohamed   


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Intel and other chip companies are hiring students who are still in college to plug a labor shortage, a report says

Oregon chip makers are hiring huge numbers of people, including students, to meet demand during a g…

Grace Dean   


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1 min read

OpenAI boss Sam Altman predicts 'brutal' shortage of AI chips will ease next year

The OpenAI boss told the FT that many companies would like to be Nvidia, referring to the rivals th…

Hasan Chowdhury   


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Nvidia sinks as chip maker's warning on revenue and gaming weakness drags tech shares

Slower sales of gaming products prompted Nvidia to cut its second-quarter revenue outlook to $6.7 b…

Carla Mozée   


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OpenAI is paying out $51 million to a chip startup that Sam Altman personally invested in, report says

OpenAI CEO Sam Altman reportedly invested $1 million of his own money into the chip startup Rain AI.

Jyoti Mann   


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Elon Musk wanted way more Nvidia chips for his Grok chatbot than Oracle could provide, Larry Ellison says

Nvidia stock has tripled this year as investors bet AI will fuel sales of graphics chips. They'll c…

Theron Mohamed   


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Sam Altman sought billions to fund a chip company that could rival Nvidia before he was fired, report says

Altman was fundraising in the Middle East for the new venture, codenamed Tigris, Bloomberg reported.

Beatrice Nolan   


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3 mins read

Checkout chip makers’ stocks that surged on PLI scheme; industry leaders feel the move will make India self-reliant

Finally, some of the semiconductor shortage will hopefully ease after the Indian government announc…

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2 mins read

Nvidia is desperately trying to stop its chips from being used for crypto mining

But in the last few months, it has become harder to find a high-end Nvidia chip in stock. PC gam…

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Chip makers like Nvidia are set to soar as semiconductor sales to reach $544 billion in 2021, Bank of America says

'We remain firmly in the stronger-for-longer camp for semis," said chip sector analysts at Bank of …

Carla Mozée   


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India makes a $10 billion bet to woo chip makers at home

China Plus One refers to reducing dependency on supply chains only in China, and diversifying bu…