AMD announced plans to acquire ZT Systems for $4.9 billion to expand its AI chips portfolio and compete with Nvidia. AMD plans to fund 75% of…
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Texas Instruments announced Friday it will receive up to $1.6 billion from the U.S. Commerce Department for new chip facilities. The U.S. CHIPS and Science Act…
Intel announced a 15% workforce reduction, around 17,500 jobs, and will suspend dividends starting Q4 to focus on manufacturing. It also projects Q3 revenue below estimates…
European shares fell Tuesday as Airbus dropped on profit warning, pulling down aerospace stocks, while tech slid following Wall Street. STOXX 600 for the entire continent…
China has established its third planned state-backed investment fund to support its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion). This move…
On Thursday, the president’s office of South Korea announced that the nation unveiled a 26 trillion won ($19 billion) support package for its crucial semiconductor industry. …
Intel suffered a setback when it revealed growing operating losses for its foundry division on Tuesday. Taiwan Semiconductor Manufacturing has been gaining ground on Intel in…
According to sources familiar with the subject, Intel Corp (INTC.O) will abandon its $5.4 billion agreement to purchase Israeli contract chipmaker Tower Semiconductor Ltd (TSEM.TA) when…
Activision Blizzard (ATVI.O), the creator of “Call of Duty,” will transfer its streaming rights to Ubisoft Entertainment (UBIP.PA) in a new bid to get Britain’s anti-trust…