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| Nvidia's Market Ca increased $277 billion in one day |
2/23/2024 |
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The company's stock soared 16.4% to close at $785.38, a record-high close, lifting its market capitalization to $1.96 trillion after its January-quarter report late on Wednesday showed demand for its specialized chips used in AI computing continued to outpace analysts' already-high expectations.
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| Nvidia to beat quarteerly estimates |
2/22/2024 |
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The already-hefty demand for the company's data center chips and graphics processing units (GPUs) continues to grow as firms scramble to expand their AI offerings. Nvidia's silicon dominates the global market for AI chips, where it counts the likes of Microsoft (MSFT.O) among its customers.
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| SoftBank investing $100B in Arm-designed AI chips |
2/21/2024 |
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SoftBank plans to put $30 billion into making AI chips designed by Arm and raise an additional $70 billion for a project called Izanagi. The project is expected to compete with Nvidia, which has invested $147 million in Arm shares, and other GPU vendors.
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| Renesas to Acquire Altium |
2/21/2024 |
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The acquisition enables two industry leaders to join forces and establish an integrated and open electronics system design and lifecycle management platform.
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| New routes to power up |
2/21/2024 |
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EV drivers unable to install a charger at home are turning instead to stopgaps offered by US and European firms as alternatives to often expensive or inconvenient public charging points.
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| Applied Materials expects strong Q2 revenue |
2/20/2024 |
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Applied Materials is forecasting its second-quarter revenue to beat estimates as AI demand continues and the PC market begins to rebound. CEO Gary Dickerson told analysts, "There is a reacceleration of capital investment by cloud companies, fab utilization is increasing across all device types and memory inventory levels are normalizing.
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| ITRI and Mexico’s Sonora to Partner on Science Park Development |
2/20/2024 |
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The Industrial Technology Research Institute (ITRI) has signed a consulting service agreement with the state of Sonora in Mexico for science park planning and counseling, deepening Mexico-Taiwan cooperation in the fields of technology and industry.
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| Chipmaker Nvidia is replacing Tesla as Wall Street's most traded stock |
2/20/2024 |
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Nvidia's outsized representation in day-to-day stock trading could leave investors more vulnerable should the chipmaker's revenue growth fail to meet investors' high expectations and puncture a Wall Street rally that has been fueled by euphoria about artificial intelligence.
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| AI to Drive Server DRAM Market in 2024 |
2/16/2024 |
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The server sector is expected to see the most significant growth, with content per box for server DRAM projected to rise by 17.3% annually, while enterprise SSDs are forecast to increase by 13.2%. The market penetration rate for AI smartphones and AI PCs is expected to experience noticeable growth in 2025 and is anticipated to further drive the average content per box upward.
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| South Korea to make the country a hub for AI, digital R&D |
2/15/2024 |
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The South Korean government is investing in researchers who can help the country transition to an AI technology and digital powerhouse. The government announced $1.35 billion will go to expand joint research and development with top institutions worldwide and to entice leading researchers to relocate to South Korea.
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| GlobalFoundries beats Q4 expectations despite slowdown |
2/15/2024 |
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GlobalFoundries reports its fourth-quarter earnings and revenue were higher than expected even while it shipped fewer chips. The company's wafer shipments were down 28,000 from Q4 2022 to 552,000 in the most recent quarter.
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