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Friday, April 26, 2024

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Russia ordered a six-month ban on gasoline exports from March 1 2/27/2024
Russia ordered a six-month ban on gasoline exports from March 1 to keep prices stable amid rising demand from consumers and farmers and to allow for maintenance of refineries in the world's second largest oil exporter.
iPhone Hits Record 50% Revenue Share on US, India and Emerging Markets 2/26/2024
Apple Inc. led the market with a 50% share of global smartphone revenues, its highest-ever for a full year. This contributed to the ongoing premiumization trend with one in every four smartphones shipped in 2023 wholesaling for more than $600.
Analog Devices Expands Partnership with TSMC 2/26/2024
Analog Devices has made a special arrangement with TSMC to supply long-term wafer capacity through its majority-owned subsidiary JASM.
TSMC Inaugurates JASM in Japan 2/26/2024
TSMC held last Saturday the opening ceremony for its majority-owned subsidiary JASM in Kumamoto Prefecture, Japan.
Meta will set up a team to tackle disinformation and the abuse of generative artificial intelligence 2/26/2024
Facebook owner Meta will set up a team to tackle disinformation and the abuse of generative artificial intelligence in the run-up to European Parliament elections in June amid concerns about election interference and misleading AI-generated content.
Intel goes on 100% American Made 2/23/2024
Intel plans to produce Arm chips on American soil and perform most of its sophisticated packaging in Oregon, New Mexico and Arizona.
UAW, Ford reach local deal, staving off strike at Kentucky Truck Plant 2/23/2024
The union’s local chapter was prepared to strike on Friday if the tentative agreement was not reached.
AT&T massive outage was not caused by a cyberattack 2/23/2024
"Based on our initial review, we believe that today's outage was caused by the application and execution of an incorrect process used as we were expanding our network," the wireless carrier said in a statement on its website.
Nvidia's Market Ca increased $277 billion in one day 2/23/2024
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.
SK Hynix signs Purchase Agreement with SK Ecoplant for renewable energy 2/22/2024
SK Hynix has formed a power purchase agreement with SK Ecoplant to advance its RE100 initiative goals for renewable energy. SK Ecoplant will supply SK Hynix electricity from a 100-megawatt renewable energy facility.
Gen Z workers say learning more AI tools will improve their value to employers 2/22/2024
Nearly half of all workers feel they could lose out on job opportunities to those with better generative artificial intelligence skills.
Nvidia to beat quarteerly estimates 2/22/2024
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.
More and more Taiwanese chip companies are expanding into Japan 2/22/2024
The influx comes amid shifting alliances and priorities in the global chip industry as the United States pushes to limit China's progress in cutting-edge semiconductors and strengthen partnerships between its allies.
SoftBank investing $100B in Arm-designed AI chips 2/21/2024
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.
AI PCs to Grab 60% Market Share of All PC Shipments by 2027 2/21/2024
(AI) PCs are predicted to grow from nearly 50 million units in 2024 to more than 167 million in 2027, according to new forecasts by International Data Corp. (IDC).
Renesas to Acquire Altium 2/21/2024
The acquisition enables two industry leaders to join forces and establish an integrated and open electronics system design and lifecycle management platform.
New routes to power up 2/21/2024
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.
Applied Materials expects strong Q2 revenue 2/20/2024
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.
ITRI and Mexico’s Sonora to Partner on Science Park Development 2/20/2024
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.
Warren Buffett-backed US consumer bank Capital One plans to acquire US credit card issuer Discover 2/20/2024
Warren Buffett-backed US consumer bank Capital One plans to acquire US credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 billion to create a global payments giant, the companies said.
Chipmaker Nvidia is replacing Tesla as Wall Street's most traded stock 2/20/2024
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.
Taiwan Sets Sight on Cultivating IC Design Talent 2/19/2024
In an exclusive interview, Minister Tsung-Tsong Wu talks about Taiwan's strategies to continue to lead advanced semiconductor technology developments.
Commerce Department opens $300M CHIPS R&D competition 2/19/2024
The initiative aims to fund projects focused on advanced packaging substrates and materials, critical to building more powerful semiconductors.
Germany is likely in recession now as external demand is weak 2/19/2024
Consumers remain cautious and domestic investment is held back by high borrowing costs, the Bundesbank said in a monthly report about Europe's biggest economy.
China's JD.com said it is evaluating a takeover of Britain's Currys 2/19/2024
the news sending shares in the electricals retailer soaring, and laying the ground for a bidding war after the group rejected a rival $883 million deal.
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