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The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing Rights SEOUL, Oct 26 (Reuters) – South Korea’s SK Hynix (000660.KS) said a boom in artificial intelligence will drive chip profits after posting a sharply narrower third quarter loss than it did in … Read more
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Best quarterly profit so far this year Shares open 3.3% higher Memory chip prices likely hit bottom in Q3-analysts SEOUL, Oct 11 (Reuters) – Samsung Electronics (005930.KS) on Wednesday said its preliminary third-quarter profit dropped by a smaller-than-expected 78%, as the battered memory chip market shows early signs of recovering from a severe downturn. Samsung … Read more
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Sept 14 (Reuters) – SoftBank’s chip designer Arm Holdings (ARM.O) is set to debut on the Nasdaq on Thursday, in what could be the biggest test for initial public offerings (IPOs) in the United States after a listing drought that lasted for nearly 16 months. The company has secured a valuation of $54.5 billion after … Read more
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Sept 11 (Reuters) – Retail traders getting their first bite at Arm Holdings’ highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned when they jump on hot listings. Arm’s goal of raising around $5 billion in New York in what might be the biggest … Read more
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A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights NEW YORK, Sept 10 (Reuters) – Arm, the chip designer owned by SoftBank Group Corp (9984.T), is getting close to securing enough investor support to attain the fully … Read more
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European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo Acquire Licensing Rights Sept 6 (Reuters) – The European Union has picked out 22 so-called “gatekeeper” services, run by six of the biggest tech companies in the world, to face new rules as part of its latest … Read more
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A general view of the Naver sign on its office building in Seongnam, South Korea, May 13, 2022. Picture taken May 13, 2022. REUTERS/ Heo Ran/File Photo Acquire Licensing Rights SEOUL, Aug 24 (Reuters) – South Korean internet giant Naver (035420.KS) unveiled its own generative artificial intelligence (AI) tool on Thursday, joining the frenzy around … Read more
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LONDON/WASHINGTON, Aug 11 (Reuters) – Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use. Companies worldwide are considering how to best make use of ChatGPT, a chatbot programme that uses generative … Read more
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A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration Aug 11 (Reuters) – SoftBank Group-owned chip designer Arm is getting investment interest from several major tech firms for what is expected to be one of this year’s biggest initial public offerings. … Read more