U.S. stocks tumble as September starts, investors cool on chips
By Suzanne McGee, Noel Randewich, Chuck Mikolajczak, Chibuike Oguh, David Randall, Laura Matthews and Carolina Mandl; (Reuters) - Wall Street's main indexes slid on Tuesday, with the S&P 500 down more than 2% and the Nasdaq Composite down over 3% as
TI beats quarterly profit estimates as chip demand turns steady
By Arsheeya Bajwa (Reuters) - Texas Instruments beat analysts' estimates for second-quarter profit on Tuesday, powered by stabilizing demand for analog chips from markets such as personal electronics and lower manufacturing costs. A rebound in smartphones and personal computers sales has enabled
Amazon says it has not halted any Nvidia chip orders
By Stephen Nellis (Reuters) - Amazon.com's cloud services unit said on Tuesday that it has not halted any orders of Nvidia's most advanced chip on the market, but has instead decided to purchase the company's newer state of the art chip
Qualcomm forecast beats estimates as AI drives chip sales in China
By Stephen Nellis and Arsheeya Bajwa (Reuters) - Qualcomm on Wednesday forecast quarterly sales and adjusted profit above Wall Street expectations, driven by selling more and pricier chips into Android smartphones with artificial-intelligence features. After a smartphone slump last year, Qualcomm said
U.S. chip bans not meant to hobble China’s growth, Blinken says
By Stephen Nellis (Reuters) - U.S. export controls on sending advanced computing chips to China are not meant to hold back China's economy or technological development, Secretary of State Antony Blinken said during an interview with National Public Radio on Friday. Since
New Cadence supercomputers aim to speed creation of chips, software
By Stephen Nellis (Reuters) - Cadence Design Systems on Wednesday introduced the latest version of supercomputer based around a custom computing chip designed to speed up the creation of other computing chips and the software that will run on them. Cadence makes
Micron’s New York chips project under US environmental review
By David Shepardson WASHINGTON (Reuters) - The U.S. Army Corps of Engineers is conducting an environmental review of Micron's plans for a manufacturing mega campus to make dynamic random-access memory chips in central New York state, the agency said on Friday. Micron
US to announce billions in subsidies for advanced chips
By Rishabh Jaiswal (Reuters) - President Joe Biden's administration is expected to award billions of dollars in subsidies in coming weeks to top semiconductor companies including Intel and Taiwan Semiconductor Manufacturing Co to help build new factories in the U.S., the
China’s military and government acquire Nvidia chips despite US ban
By Eduardo Baptista BEIJING (Reuters) - Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased small batches of Nvidia semiconductors banned by the U.S. from export to China, a Reuters review of tender documents