chipmaker

US chip-making giant NVIDIA is expanding ties with several Chinese automakers, including BYD, as the race for the best software and features heats up. BYD will use NVIDIA’s Drive Thor to power its next-gen EV fleet. BYD, Chinese EV makers select NVIDIA Drive Thor NVIDIA announced the partnership with BYD during its GTC conference on Tuesday. Building upon its existing collaborations, BYD is going from the car to the cloud. BYD will use NVIDIA’s Drive Thor for its next-gen EV fleet. In addition,…

Nvidia’s bet on smaller AI firms from healthcare companies Nano-X Imaging and Recursion to chipmaker Arm Holdings boosted their shares in premarket trading on Thursday.Nvidia, the biggest winner of the AI boom, revealed its new stakes in the firms as of December 31 in a 13-F filing with the U.S. SEC late on Wednesday.Fellow chip designer Arm Holdings drew the biggest investment from Nvidia, worth $147.3 million. The British company has said its processors complement Nvidia’s chips for AI work in data centers.Arm shares…

Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to nine sources familiar with the company's plans.The dominant global designer and supplier of AI chips aims to capture a portion of an exploding market for custom AI chips and to protect itself from the growing number of companies interested in finding alternatives to its products.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Foxconn on Tuesday said its Indian subsidiary is set to spend Rs 1,200 crore to build a factory on owned land, in an exchange filing. In its filing which has been reviewed by ET, the company said the purpose of investment was 'operational needs.'In November, ET had reported that Foxconn said it would invest more than $1.5 billion in an Indian construction project to fulfil the Apple supplier's "operational needs”. The investment was made through a Foxconn subsidiary, Hon Hai Technology India Mega Development.Elevate Your…

Dutch computer chip equipment maker ASML on Wednesday said it expected new US and Dutch export restrictions to reduce its potential sales to China by some 10-15% this year after they hit record levels in 2023.CFO Roger Dassen also confirmed that two older tools not covered by Dutch licensing requirements would be directly restricted from China by US rules.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitMITMIT Technology Leadership and…

Mobileye signage is displayed during the company's initial public offering at the Nasdaq MarketSite in New York on Oct. 26, 2022.Michael Nagle | Bloomberg | Getty ImagesMobileye, the self-driving technology company majority owned by Intel, warned on Thursday that it expected that customer orders would drop off dramatically for the first quarter of 2024.Shares plunged as much as 25% on the news during Thursday morning trading."We have become aware of excess inventory at our customers," Mobileye said in a preliminary…

Chip machine manufacturer ASML on Monday said the Dutch government had partially revoked an export license for the shipment of some chip-making equipment to China, following US export restrictions.The Veldhoven, Netherlands-based company said shipments included certain lithography systems.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitIIM LucknowIIML…

Israel’s chipmaker Tower Semiconductors has resubmitted a proposal to set up a semiconductor fabrication unit for 65 nm and 40 nm chips in India, sources in the know of the development told ET. The company, however, is also facing legal action from its erstwhile joint venture partner Abu Dhabi-based Next Orbit Ventures which is considering suing Tower Semiconductors for going ahead and submitting a fresh proposal with a new partner. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

US chipmaker Nvidia and its employees have donated $15 million to Israeli non-profit organisations that are supporting civilians affected by Israel's war with Palestinian militant group Hamas.Thousands of employees from more than 30 countries donated a total of $5 million, which the company matched and doubled to $10 million under a special programme introduced to help those affected by the war, Nvidia said on Sunday.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of…

Micron Technology Inc. has settled a high-profile intellectual property theft lawsuit with a key, state-backed Chinese rival amid the US company’s efforts to mend ties with Beijing. Micron said it has reached a global settlement agreement with Fujian Jinhua Integrated Circuit Co. “The two companies will each globally dismiss their complaints against the other party and end all lawsuits between them,” a Micron spokeswoman said in an email, declining to provide further details. Elevate Your Tech Prowess with High-Value…