Intel received $1.9 billion in subsidies to build a plant in Poland
The European Commission has given Poland the green light to support the opening of a new Intel chip assembly and testing plant. The EU investment will amount to more than…
Samsung will put thousands of people out of work – some divisions will be cut by 30%
Reuters, citing its own sources, reports that the South Korean company Samsung Electronics is preparing to cut some of its staff outside the country. Marketing and sales staff may lose…
TSMC’s August revenue rose by a third compared to last year
The largest contract chip manufacturer, the Taiwanese company TSMC, has just now summed up its financial results for August, and they suggest that monthly revenue increased by 33% year-on-year to…
The startup accused Nvidia and Microsoft of colluding and willfully infringing its DPU patents
A massive patent dispute has erupted in Texas, with startup Xockets, funded by Yahoo co-founder and Intel CTO, suing Nvidia and Microsoft. Xockets accuses the tech giant of violating its…
Huawei has become the leader in the global wearable devices market
In the second quarter of 2024, 43.7 million wrist wearable devices (smart bracelets and watches) were shipped worldwide, and Huawei became the leader in terms of shipment volumes and market…
Foxconn’s revenue soared nearly 33% in August as AI boom plays a role
The world’s largest contract electronics manufacturer and one of Apple’s main partners, represented by Taiwanese Foxconn, announced a significant increase in revenue in August of this year. According to the…
Intel faces expulsion from Dow Jones index due to plummeting shares
During the dot-com era in 1999, Intel, along with Microsoft, was one of two technology companies included in the Dow Jones Industrial Average. Now its shares are falling in price…
Samsung and TSMC are unlikely to be buyers of Intel’s chip business
Intel management is considering several options for getting the company out of the crisis, including the sale of the FPGA division Altera, stopping the project to build a plant in…
The owner of TikTok intends to receive one of the largest loans in Asian history – $9.5 billion
The Chinese company ByteDance, which owns the short video service TikTok, is in the process of obtaining a loan in the amount of $9.5 billion for a period of three…
Japanese chip equipment manufacturers do not want to be overly dependent on the Chinese market
It is well known that the rapid development of the Chinese semiconductor market and attempts by local chip manufacturers to resist sanctions are stimulating sales of foreign equipment in the…