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Investing.com4d agoneutral
Meta stock rises on cost-saving AI chip deployment plans

Investing.com -- Meta Platforms (NASDAQ:META) shares rose 2% Tuesday morning after Bloomberg reported the company plans to deploy new in-house artificial intelligence chips in data centers during the first half of next year. The stock later pared gains to up 0.75%.

Chip Stocks Dive on Talk of AI Slowdown
The Wall Street Journal5d agoneutral
Chip Stocks Dive on Talk of AI Slowdown

Asian and European chip stocks tumbled Monday after leaders of the world’s biggest artificial intelligence companies called for the industry to slow development of the technology for safety reasons. Nvidia and Intel are down in premarket trading.

Taiwan says its companies plan to invest another $20 billion in US
Reuters17d agoneutral
Taiwan says its companies plan to invest another $20 billion in US

TAIPEI, Sept 2 () - Taiwanese companies are planning another $20 billion of investments in the U. driven by demand for AI applications, the island's ‌economy minister said on Wednesday without giving details, though drawing a warm ‌response from a visiting U.

Xiaomi launches new Xring chip, partners with TSMC for production, sources say
Reuters26d agoneutral
Xiaomi launches new Xring chip, partners with TSMC for production, sources say

Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring handset processor, betting that deeper control over key components will help strengthen its supply chain ‌and reduce reliance on external chip suppliers. The introduction of Xring O3 comes a year after Xiaomi launched ‌its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals such as Apple, Samsung ​Electronics and Huawei in developing its own chips. TSMC will manufacture the new chip using its 3-nanometre production technology, two people familiar with the matter said.

Xiaomi launches new Xring chip, partners with TSMC for production, sources say
Reuters26d agoneutral
Xiaomi launches new Xring chip, partners with TSMC for production, sources say

Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring handset processor, betting that deeper control over key components will help strengthen its supply chain ‌and reduce reliance on external chip suppliers. The introduction of Xring O3 comes a year after Xiaomi launched ‌its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals such as Apple, Samsung ​Electronics and Huawei in developing its own chips. TSMC will manufacture the new chip using its 3-nanometre production technology, two people familiar with the matter said.

Samsung hikes chipmaking prices by up to 15% on demand spike, sources say
Reuters31d agoneutral
Samsung hikes chipmaking prices by up to 15% on demand spike, sources say

Samsung Electronics has raised prices for some advanced contract chipmaking services by up to 15% for new orders, two people familiar with the matter said, as demand for AI chips tightens capacity in a business long dominated by TSMC. Demand from Chinese ‌customers has been particularly strong, but Samsung has been unable to meet all orders because it must serve U.S. customers and reserve part ‌of its capacity to support its own chip production, said the sources, who spoke on the condition of anonymity because they are discussing sensitive commercial matters. Chinese customers are among those accepting the ​steepest price increase, one of the sources said, underscoring how U.S. curbs on exports of advanced chipmaking equipment to China have increased local firms' reliance on overseas foundries.

Harvard Has a Massive Stake in SpaceX
The Wall Street Journal33d agoneutral
Harvard Has a Massive Stake in SpaceX

$2.2 billion That’s the stake that Harvard University’s endowment fund holds in SpaceX, according to a Friday securities filing. It amounts to roughly 12.9 million shares. That’s a much bigger investment than in other major tech companies, the document showed: By comparison, Harvard Management has a roughly $350 million stake in Taiwan Semiconductor Manufacturing and $234 million worth of Amazon shares.

How a Sony Veteran Is Overhauling the Company He Grew Up In
The Wall Street Journal35d agoneutral
How a Sony Veteran Is Overhauling the Company He Grew Up In

TOKYO—When Sony said in March that it was offloading its television business to a new joint venture with a Chinese rival, many in Japan felt a pang of nostalgia for the heyday of the country’s consumer-electronics industry. This is true even though he has worked for the company since 1987, and is fluent in corporate lore about when color TV—and later, the Walkman and PlayStation—made Sony a household name. Since taking the top job last year, Totoki has made the TV deal, brought in chip giant TSMC to collaborate on Sony’s valuable image sensor and spun off Sony’s financial arm—a unit he once ran.