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| Semis to grow 16% this year, says WSTS |
7/16/2024 |
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This growth is expected to be driven primarily by the Memory and Logic sectors, which are on track to soar to over $200 billion in 2025 each,
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| Microchip MPU Designed for Autonomous Space Computing |
7/16/2024 |
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A report released by the World Economic Forum estimated that the space hardware and the space service industry is set to grow at a compound annual growth rate (CAGR) of 7% from 2023’s $330 billion dollars to $755 billion dollars by 2035.
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| TSMC valuation soars as AI chip demand fuels growth |
7/15/2024 |
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Analysts expect TSMC to report a 29% increase in second-quarter net income and raise its full-year sales forecast, fueled by strong AI chip demand. The chipmaker's valuation has climbed to a $1 trillion market cap, with potential for further growth as it hikes prices for advanced chips. A predicted 3% to 6% price increase for advanced chips could lead to a gross profit margin rise of 58% next year, analysts say.
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| Taiwan president meets with Micron CEO |
7/15/2024 |
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It is very unusual for Taiwan's president to have publicised meetings with senior foreign tech executives despite the island being home to the world's largest contract chipmaker TSMC (2330.TW), opens new tab, whose chips help to power the surge in artificial intelligence (AI) applications.
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| Samsung upgrades foldable phones, wearables with AI |
7/12/2024 |
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Samsung Electronics' latest foldable smartphones, the Galaxy Z Fold 6 and Flip 6, which are lighter and slimmer and feature enhanced AI functions and run the Qualcomm Snapdragon 8 Gen 3 for Galaxy processor. The company is also adding advanced health-monitoring features to its Galaxy Watch and new Galaxy Ring.
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| TSMC's revenue beat forecasts in Q2 on AI demand |
7/11/2024 |
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Taiwan Semiconductor Manufacturing Co. reported second-quarter revenue of $20.67 billion, an increase of 32% year over year that surpassed market forecasts. The surge in demand for AI applications from Apple and Nvidia has contributed to the growth.
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| Texas governor seeks more investments from Samsung, LG |
7/10/2024 |
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Texas Gov. Greg Abbott is visiting South Korea to attract additional investments from major tech companies, including Samsung Electronics and LG. Abbott aims to strengthen the state's ties with companies in the technology and manufacturing sectors, in part by offering incentives.
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| Sony and other Japan chipmakers to spend $30bn in production race |
7/10/2024 |
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Sony Group and Mitsubishi Electric are among Japanese semiconductor makers planning to invest $31 billion over the next five years to help advance the manufacturing of power devices and image sensors, particularly for AI and electric vehicles, according to data compiled by Nikkei. The Japanese government is supporting these efforts with subsidies that target a significant increase in semiconductor sales by 2030.
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