Financial news and analytics

ASML’s “technical error” cost the global tech industry $420 billion – and that’s just the beginning

Dutch semiconductor equipment manufacturer ASML yesterday published disappointing sales forecasts, which led to a decline not only in its securities,…

1 month ago

Japanese Rapidus has half completed the construction of the first pilot line for the production of 2nm chips

According to Taiwanese media, the Japanese corporation Rapidus completed approximately 50% of the construction of a pilot line for the…

1 month ago

EU Patent Court rules billions of euros worth of products destroyed due to counterfeit LEDs

On October 10, 2024, the European Union Patent Court in Düsseldorf ruled in favor of Seoul Semiconductor and its subsidiary…

1 month ago

Vietnam has decided to become a major chip manufacturer – the country will build six semiconductor factories by 2050

The only significant semiconductor facility in Vietnam right now is Intel's chip assembly and testing center, but the country aims…

1 month ago

Nvidia boasted of “insane” demand for Blackwell chips, but “everything is going according to plan”

Nvidia CEO Jensen Huang told CNBC's "Closing Bell Overtime" that demand for Blackwell's next-generation AI accelerator is "insane." Nvidia has…

2 months ago

Sam Altman and Mark Zuckerberg were sent gloves with extra fingers – this is a hint of the dangers of AI

The movie criminal always leaves a business card at the crime scene - a mystery object that hints at new…

2 months ago

The daughter of the company’s founder, Sabrina Meng, will lead Huawei in the next six months.

Chinese technology giant Huawei has named the company's new replacement CEO. Eric Xu's term in this post expired on September…

2 months ago

Zuckerberg became the fourth person in the world with a fortune of more than $200 billion

Initially, Mark Zuckerberg's bet on the metaverse looked like a colossal mistake that removed more than $100 billion from the…

2 months ago

OpenAI expects to decide on a scheme for attracting investments by the end of next week

Reuters, citing The New York Times, shared further rumors about the upcoming new round of financing for OpenAI by investors,…

2 months ago

AI startups reach millions in revenue much faster than other young companies

Research from Stripe, which analyzed payment flows, shows the ability of young AI companies to reach multi-million dollar revenues much…

2 months ago