BEIJING: Chinese tech giant Baidu Inc. said Friday it plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list it in Hong Kong, as domestic chipmakers seek capital amid Beijing’s drive for semiconductor independence. The company announced it confidentially submitted a listing application to the Hong Kong Stock Exchange. Details of the offering,…
LOS ALTOS — Majestic Labs, an AI startup founded by veteran chip designers from Meta and Google, emerged from stealth mode Tuesday after raising $100 million to develop technology it claims will drastically reduce the cost and scale of data centers needed for advanced artificial intelligence. The company, with dual headquarters in Los Altos, California,…
TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39.1% jump in third-quarter profit on Thursday, setting a new record as robust demand for artificial intelligence chips continued to drive growth. The world’s largest contract chipmaker posted net income of NT$452.3 billion ($14 billion), beating LSEG SmartEstimates of NT$417.69 billion. Revenue rose 30.3% year-over-year to NT$989.92…
SANTA CLARA: Advanced Micro Devices Inc. will supply artificial intelligence chips to OpenAI in a multi-year agreement that the chipmaker said Monday is expected to generate tens of billions of dollars in annual revenue. The deal, which includes an option for OpenAI to buy a significant stake in AMD, sent the company’s shares surging more…
SAN FRANCISCO: Advanced Micro Devices Inc. reported second-quarter earnings Tuesday that narrowly missed Wall Street expectations, sending shares down about 4% in after-hours trading. The chipmaker posted adjusted earnings per share of 48 cents, just below the 49 cents forecast by LSEG. Revenue came in at $7.69 billion, beating the $7.42 billion estimate. For the…
PARIS: Air Liquide (AIRP.PA) said it has started operations at the world’s largest molybdenum manufacturing plant in Hwaseong, Gyeonggi Province, expanding its footprint in advanced materials for semiconductors. The site will produce ultra-high purity molybdenum molecules and proprietary distribution systems for Subleem™, the company’s latest materials offering. The strategic investment positions Air Liquide as the…
TAIPEI: Taiwan Semiconductor Manufacturing Co. (TSMC) on Thursday reported a 61% surge in second-quarter profit, setting a quarterly record as strong demand for artificial intelligence chips continued to drive sales. The world’s largest contract chipmaker posted net income of NT$398.27 billion ($12.7 billion) for the June quarter, surpassing LSEG SmartEstimate forecasts of NT$377.86 billion. Revenue…