DeepX’s $2.2 Billion Round
A Seoul-based chip designer that most outsiders had never heard of is now worth $2.2 billion. DeepX closed a new funding round at roughly four times its previous valuation, according…
Memory Stocks Take Their First Hard Hit
The two companies that rode the AI memory boom hardest fell hardest. Samsung Electronics and SK Hynix each dropped nearly 9% on August 3, and the KOSPI closed down 5.12%…
Korea’s Chip Exports Cross $40 Billion Again
South Korea’s chip exports topped $40 billion for a second consecutive month, according to data released on August 1 and reported by Tech Times, as the country’s semiconductor industry rode…
Chip Prices Climb Across the Board as Memory Shortage Spreads
Qualcomm Inc. told customers it will raise prices on its Snapdragon processors by double digits starting September 1, according to people familiar with the matter, joining a wave of increases…
NVIDIA Nears Deal to Back $500 Billion in OpenAI Data Centers
NVIDIA Corp. is in talks to provide financing guarantees for OpenAI’s roughly $500 billion data center program, with the chip maker potentially backing as much as $250 billion of the…
Microsoft’s $450 Billion Surge Resets the AI Trade
The day after Microsoft Corp. reported earnings, its stock climbed by more than the entire market value of most companies. Shares rose enough to add about $450 billion to Microsoft’s…
Apple’s Record June Quarter Meets a Cool Reception
The numbers were among the best of Tim Cook’s tenure. Apple Inc. reported record revenue and profit for its June quarter Thursday, with iPhone sales up 22% and Mac sales…
Samsung’s Memory Business Rides an AI Surge to a Record Quarter
Two years ago, Samsung Electronics executives spent earnings calls explaining losses in the semiconductor division. On Thursday they confronted the opposite problem: how to describe a quarter so large it…
Kumamoto Quake Halts TSMC and Toyota Lines in Japan’s Chip Heartland
The earthquake hit Tuesday evening, a 7.1-magnitude shock centered near the coast of Kumamoto prefecture in southwest Japan. In the town of Kikuyo, where Taiwan Semiconductor Manufacturing Co. built its…
NVIDIA Puts $1 Billion Into Naver to Build Korea’s AI Factories
Naver shares jumped more than 10% Monday, the kind of move the South Korean internet group has not seen in years, after it disclosed that NVIDIA would acquire $1 billion…
