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Qualcomm in talks to provide custom chip-design services to ByteDance, sources say
Reuters57d agoneutral
Qualcomm in talks to provide custom chip-design services to ByteDance, sources say

Qualcomm is in talks to provide chip-design services to China's ByteDance, four people familiar with the matter said, as the U.S. company seeks ‌to reduce dependence on the smartphone market, its biggest revenue source. If successful, the ‌negotiations would make ByteDance, the parent of short-video platform TikTok, an early customer of Qualcomm's chip-design services operation. ​Qualcomm is the world's largest supplier of smartphone modem chips, which manage cellular communications.

Qualcomm (QCOM) Is In Talks To Buy Modular And Push Further Into AI Chips
Simply Wall St.57d agobullish
Qualcomm (QCOM) Is In Talks To Buy Modular And Push Further Into AI Chips

Qualcomm (NasdaqGS:QCOM) is reported to be in advanced talks to acquire AI chip startup Modular Inc. in a multi billion dollar deal. The potential transaction would mark a push by Qualcomm to build out its AI infrastructure and data center offerings beyond its core smartphone chip business. The negotiations are ongoing and the deal, if completed, would represent a major move into markets currently led by larger AI chip competitors. For investors watching Qualcomm, this prospective...

Bloomberg57d agoneutral
SK Hynix to File in Korea in Step Toward ADR Sale, Report Says

(Bloomberg) -- SK Hynix Inc. is expected to submit a statement to Korea’s financial regulator for an offering of American Depositary Receipts, according to Korea Economic Daily.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesSpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles Investors‘FOMO Really Got Me’: Taiwanese Go Deep Into D

Nvidia's banned AI chips double in price on China's black market, FT reports
Reuters57d agoneutral
Nvidia's banned AI chips double in price on China's black market, FT reports

Nvidia's ‌AI ‌chips have more ​than doubled in price ‌on ⁠China's black market, ⁠the ​Financial ​Times reported ​on ‌Tuesday, citing multiple Chinese chip traders. Reuters ‌could ​not ​immediately ​verify ‌the report. (Reporting ​by ​Angela Christy ​in ‌Bengaluru; Editing ​by Subhranshu ​Sahu)

Is Lumentum (LITE) Turning Its AI Optics Backlog Into a Durable Data Center Edge?
Simply Wall St.57d agoneutral
Is Lumentum (LITE) Turning Its AI Optics Backlog Into a Durable Data Center Edge?

Lumentum Holdings recently presented at the Rome Conference on AI Ethics and Governance, with board chair Penny Herscher and CEO Michael Hurlston outlining the company’s role in AI-related optical technologies. Investor attention has centered on Lumentum’s more than US$400 million backlog in optical circuit switches and co-packaged optics, supported by partnerships in AI data center infrastructure. Next, we’ll examine how this large AI optics backlog and related positioning influence...

Why Seagate (STX) Stock Is Falling Today
StockStory57d agobearish
Why Seagate (STX) Stock Is Falling Today

Shares of data storage manufacturer Seagate (NASDAQ:STX) fell 6% in the afternoon session after a report that South Korea's SK Hynix is slowing its high-bandwidth memory (HBM) expansion rattled the AI-chip complex.