chipmaker

Semiconductor Manufacturing International Corp.’s earnings missed projections, reflecting a global pullback in spending on devices and computers. Semiconductor Manufacturing International Corp.'s earnings missed projections, reflecting a global pullback in spending on devices and computers. China's largest chipmaker reported $470.8 million in net income for the third quarter, up 47% from a year earlier, versus the $489.7 million average estimate. Revenue of $1.91 billion also trailed the forecast for $1.93 billion.…

In the 1980s, American policymakers saw Japanese chip makers as their biggest threat. With a smile on her face, American Congresswoman Helen Delich Bentley took turns with fellow lawmakers to swing sledgehammers and smash a Toshiba stereo on the grounds of the Capitol. “Treachery by any other name is still treachery,”…

Intel Corp., the largest US chipmaker, gave a quarterly revenue forecast that widely missed analysts’ estimates. Intel Corp., the largest US chipmaker, gave a quarterly revenue forecast that widely missed analysts' estimates, conceding that a slump in computer demand is dragging on longer than anticipated. Fourth-quarter revenue will be about $14 billion to $15 billion, the company said in a statement late Thursday, compared with analyst estimates for $16.3 billion. Profit, excluding certain items, will be 20 cents…

Intel on Thursday cut its full-year profit and revenue forecast and warned it would lay off staff, but a stronger-than-expected performance at its personal computers segment helped send shares higher. The company's shares jumped over 5 percent in after-hours trade. They have slumped roughly 47 percent so far this year, underperforming both the S&P 500 index and the Philadelphia SE Semiconductor index.The company's Chief Executive Pat Gelsinger said the cut to the fourth quarter outlook reflected economic uncertainty…

South Korean computer chipmaker SK Hynix said Wednesday it might be forced to sell its manufacturing operations in China if a US crackdown on exports of semiconductor technology and manufacturing equipment to China intensifies.SK Hynix's chief marketing officer, Kevin Noh, raised those concerns during a conference call on Wednesday after the company reported its operating profit dropped 60 percent in the last quarter from 2021, a decline it blamed on a deteriorating business environment.Global inflation amplified by…

Cloud major Oracle and chip-maker Nvidia have announced a multi-year partnership to help companies solve business challenges with accelerated computing and artificial intelligence (AI).The Oracle Cloud Infrastructure (OCI) is adding tens of thousands more NVIDIA GPUs, including the A100 and upcoming H100, to its capacity.The collaboration will bring the full Nvidia accelerated computing stack, from GPUs to systems to software, to the OCI.Read Also"To drive long-term success in today's business environment, organisations…

TSMC shares jumped more than 4% outperforming the broader market, after the Taiwanese chipmaker announced a forecast-beating third-quarter profit, though it struck a more cautious note on upcoming demand. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a major Apple Inc supplier and the world's largest contract chipmaker, posted on Thursday an 80% on-year surge in profit for the July-September period of 2022, the strongest growth in two years. However, the company also trimmed capital spending by at least 10% for this…

Taiwan-based TSMC has proven to be a tough competitor for Samsung’s chip business. Even as the latter pushes for improved performance and yields on its advanced nodes, TSMC continues to beat Samsung. As the Korean conglomerate faces the possibility of a significant earnings slump this past quarter, it may end up losing its status as the world’s largest chipmaker by sales to the Taiwan Semiconductor Manufacturing Company. Memory chip demand slump has sit Samsung’s earnings It was back in 2017 when Samsung broke Intel’s…

U.S. chip designer Qualcomm Inc on Thursday said its automotive business “pipeline” increased to $30 billion, up more than $10 billion since its third quarter results were announced in late July. The jump in future business was thanks to its Snapdragon Digital Chassis product used by car makers and their suppliers, Qualcomm said at its Automotive Investor Day. The Snapdragon Digital Chassis can provide assisted and autonomous driving technology, as well as in-car infotainment and cloud connectivity. With electric vehicles…

Chip giant Nvidia Corp unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment. Nvidia, a big player in the gaming chip and artificial intelligence (AI) market, has been making a big push in the automotive business, a key growth segment for the company. Danny Shapiro, head of Nvidia's automotive business, said DRIVE Thor would be able to replace numerous chips and cables in the car and bring down the…