A looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened global supply chains rests on one crucial question: who should share in the spoils of the AI boom? More than 45,000 workers are threatening to stage the largest strike in the conglomerate’s history … Read more
The company has emerged as a key player, alongside domestic rival SK hynix, in the supply of high-performing chips The market value of South Korea’s Samsung Electronics smashed past $1 trillion for the first time Wednesday as the firm rides an AI chip boom that has sent Seoul’s Kospi stock index to record highs. The … Read more
The battle for supremacy in AI and big data computing just got more competitive after an Israeli chip startup Speedata raised $44 million in a Series B funding round, bringing its total capital to $114 million as it gears up to unveil a next-generation processor that could shake up the industry and challenge Nvidia’s long-standing … Read more
Tensions are rising between the US and China over semiconductor technology, a report has said. China has threatened to retaliate against potential new US export restrictions where the Biden administration is reportedly planning to unveil curbs on chip-related exports to China and blacklist 200 companies. According to a report by news agency Reuters, the Chinese … Read more
Could a little league baseball team win the World Series in five years? Japan’s state-backed chip startup Rapidus has a similarly long-shot ambition. In a country that currently produces 40 nanometer semiconductors, the two-year-old venture has the goal of leapfrogging generations of innovation and producing bleeding-edge 2 nanometer chips in 2027. It would be easy … Read more
Tech giant Nvidia is now worth over $3.2 trillion, with its dominance as a chipmaker making it the poster child of the artificial intelligence boom. After the stock’s swift rise on Wall Street it briefly topped Microsoft as the most valuable company in the S&P 500 this week. The company is now worth over $3.2 … Read more
Tata would make a “very, very big investment” in electronics and semiconductors and it would announce the fab, a specialised factory for production “very soon” to produce “multiple nodes”, Tata Sons chairman N. Chandrasekaran said in Chennai on Wednesday. Delivering the 20th Anantharamakrishnan Memorial Lecture, after receiving the MMA-Amalgamations Business Leadership Award 2023, Mr. Chandrasekaran … Read more
Days after exiting the $19.5 billion Vedanta chip plan in India, Taiwan-based Foxconn has proposed to set up a Rs 8,800 crore supplementary plant in Karnataka. Karnataka’s large and medium industries minister M B Patil said on Monday that the major iPhone assembler for Apple has plans to invest Rs 8,800 crore for the plant … Read more
A day after it withdrew from a $19.5 billion semiconductor joint venture with mining baron Anil Agarwal’s Vedanta Ltd, Foxconn said it plans to apply for incentives that India is offering under its semiconductor manufacturing policy. “Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem. Foxconn is working … Read more