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WorldEconomy

Global Stocks Fall as AI Chip Sell-Off Drives Investors Towards Safer Assets

Global stock markets fell on Tuesday, October 13, as a sell-off in technology shares, particularly artificial intelligence (AI) chipmakers, unsettled investors and increased...

Technology

Microsoft Bets on Homegrown AI Chips to Cut Infrastructure Costs

Microsoft is expanding its efforts to reduce the cost of running artificial intelligence services by deploying its own custom-designed chips at a much...

TechnologyBusiness

TSMC’s AI Chip Business Fuels Expectations of Another Record Quarter

Taiwan Semiconductor Manufacturing Company (TSMC) is poised for another strong earnings report as rising demand for AI chips continues to boost its business...

TechnologyBusiness

Broadcom CEO Says Capital, Not Memory Chips, Is Biggest Hurdle to AI Growth

Broadcom CEO Hock Tan has identified access to capital as a major challenge facing the technology industry’s artificial intelligence (AI) expansion, arguing that...

Samsung Q3 Profit Expected to Surge as AI Drives Memory Chip Demand
TechnologyBusiness

Samsung Q3 Profit Expected to Surge as AI Drives Memory Chip Demand

Samsung Electronics is expected to report a sharp increase in third-quarter operating profit, as strong demand for memory chips used in artificial intelligence...

SpaceX Seeks $40 Billion Financing to Buy Nvidia AI Chips
BusinessTechnology

SpaceX Seeks $40 Billion Financing to Buy Nvidia AI Chips

SpaceX is seeking to raise about $40 billion in financing to purchase Nvidia’s advanced artificial intelligence chips, with investment firm Apollo Global Management...

Infineon Opens $1.4 Billion Thailand Facility as Semiconductor Investment Grows
BusinessTechnology

Infineon Opens $1.4 Billion Thailand Facility as Semiconductor Investment Grows

German chipmaker Infineon Technologies has opened a new semiconductor manufacturing facility in Thailand, as the country intensifies efforts to attract investment and establish...

Micron Raises Revenue Outlook as AI Memory Demand Sends Backlog to Record Levels
TechnologyBusiness

Micron Raises Revenue Outlook as AI Memory Demand Sends Backlog to Record Levels

Micron Technology has delivered a stronger-than-expected outlook for the coming quarter, driven by surging demand for high-bandwidth memory (HBM) and other memory products...