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A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 31 (Reuters) – Chip designer Advanced Micro Devices (AMD.O) on Tuesday forecast $2 billion in sales in 2024 from a chip that aims to compete with Nvidia (NVDA.O) … Read more
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The logo of Western Digital Corporation is displayed at the company’s headquarters in Tokyo, Japan, May 27, 2019. REUTERS/Yoshiyasu Shida/File Photo Acquire Licensing Rights Oct 30 (Reuters) – Western Digital (WDC.O) said on Monday it would spin off its flash memory business that has been grappling with a supply glut after talks of merging the … Read more
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Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights TOKYO, Oct 26 (Reuters) – Japanese automotive supplier Denso (6902.T) will invest about 500 billion yen ($3.3 billion) in semiconductors by 2030 as aims to triple the scale of its chips business … Read more
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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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Smartphone is seen in front of Microsoft logo displayed in this illustration, taken July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 24 (Reuters) – Microsoft (MSFT.O) on Tuesday beat Wall Street estimates for fiscal first-quarter results in all segments, driven particularly by strength in its cloud-computing and PC businesses. The company’s revenue rose … Read more
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[1/2]The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo Acquire Licensing Rights Oct 23 (Reuters) – Nvidia (NVDA.O) dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers. Nvidia has quietly begun … Read more
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights US retail sales beat expectations in September BofA profit rises, Goldman Sachs profit plunges in Q3 Biden administration to halt China AI chip shipments Indexes: Dow down 0.2%, S&P … Read more
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Biggest-ever gaming deal closes after UK approval UK regulator CMA had blocked the acquisition in April Microsoft agreed to sell streaming rights to win approval CMA says ‘sticking to its guns’ pays off for gamers LONDON, Oct 13 (Reuters) – Xbox maker Microsoft (MSFT.O) closed its $69 billion deal for Activision Blizzard (ATVI.O) on Friday, … Read more
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Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights Oct 13 (Reuters) – Evolv Technologies (EVLV.O) on Friday said the U.S. Federal Trade Commission had requested information about certain aspects of the AI-based weapons screening firm’s marketing practices. The company did not … Read more
Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights Oct 12 (Reuters) – The Biden administration is considering closing a loophole that gives Chinese companies access to American artificial intelligence (AI) chips through units located overseas, according to four people familiar … Read more