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CNN —The nuns inside a migrant shelter in southern Mexico gave Jason De León an ominous warning: “Whatever you do, don’t go outside. They were human smugglers — or, as they put it, guías (guides) for migrants traveling through Mexico and trying to reach the US. Life has gotten increasingly dangerous for migrants passing through Mexico, according to De León. De León's book also explores issues of race and migration, delving into the lives of Black smugglers he met in southern Mexico. This image from De León's field work shows two Garifuna smugglers in a safe house in Mexico City in 2019.
Persons: Jason De León, don’t, De León, , , De, — “, hadn’t, — Juan Roberto Paredes —, De León’s, who’s, , ” De León, it’s, They’re, There’s, Jason De Léon, , Michael Wells, Covid, Trump, Jason De León I’m, we’ve, Jason De León I’ve, who’ve, I’ve, De Léon, What’s, you’ve, You’ve, Manu Chao Organizations: CNN, Cotsen, of Archaeology, Patrol, Trump Locations: Mexico, That’s, Pakal, , Honduras, Venezuela, Haiti, Veracruz, United States, Chiapas, Central America, Mexico City, Phoenix
Sameer Singh, a top TikTok ad executive, is leaving the company next month, an internal memo said. The TikTok advertising sales exec Sameer Singh is leaving the company, an internal memo shared with the sales team on Friday said. ADSingh, whose last day at TikTok is set for the end of February, served as a general manager for global business solutions in North America, overseeing its ads business in the region. TikTok's global business solutions team includes staffers who work on ad sales and client relationships with brands that run marketing campaigns on the platform. Two years ago he took on the role of global business solutions lead in North America.
Persons: Sameer Singh, Singh, Blake Chandlee, TikTok, Donald Trump, Sam Singh, Sam Organizations: TikTok, Business, GM Locations: North America, TikTok, India, Brazil, Southeast Asia, Canada
When Sandler’s animated Chanukah movie “Eight Crazy Nights” hit theaters in 2002, “The Chanukah Song” Part 3 released with the film. That version of the song featured a choir of children, named by Sandler as “The Drei-Dreis” (after the Chanukah toy known as a “dreidel”), singing background vocals. My cousins told me that Sandler’s team had traveled to Jewish synagogues around Los Angeles to audition children who sang in synagogue choirs. “It was really fun to sing with Adam and other Jewish singers from around LA,” my cousin David shared. All three StoogesSo many Jews are in showbizTom Cruise isn’t, but I heard his agent isTell your friend, VeronicaIt’s time you celebrate ChanukahI hope I get a harmonicaOn this lovely, lovely ChanukahSo drink your gin and tonic-ahAnd smoke your marijuani-khahIf you really, really wanna-kahHave a happy, happy, happy, happy ChanukahHappy Chanukah
Persons: Adam Sandler, , , Ian Maxtone, Graham, Lew Morton, Sandler, Dreis ”, , ” “, Adam, Rob Schneider, Jono Wagmeister, David, Michael, ” Michael, ” Sandler, David Lee Roth, James Caan, Kirk Douglas, Dinah Shore, Arthur Fonzarelli Paul Newman’s, Goldie Hawn’s, Captain Kirk, Mr, Spock, O.J, Simpson, of famer Rod Carew, Ann Landers, Abby Harrison Ford’s, Ebenezer Scrooge, Tom Cruise isn’t, Veronica It’s Organizations: CNN, “ SNL, University Synagogue, Yankees, New York Post, Carnegie, Seattle, of famer Locations: Hollywood, Los Angeles, LA, Sha Na
Here are the biggest calls on Wall Street on Friday: Goldman Sachs initiates TechnipFMC as buy Goldman says the offshore company has "idiosyncratic growth." Goldman Sachs upgrades Patterson-UTI Energy to buy from neutral The firm says it sees shareholder returns for the energy company. Needham upgrades Upstart to buy from hold Needham says it likes the AI lending platform company's balance sheet following earnings. Mizuho reiterates Salesforce, Microsoft and Adobe as outperform The firm says the Salesforce, Microsoft and Adobe are top ideas in 2025. JPMorgan upgrades Penn to overweight from neutral The firm says Penn is too attractive to ignore right now.
Persons: Goldman Sachs, Goldman, Patterson, DA Davidson, Davidson, Needham, UPST, Morgan Stanley, Apple, it's, Uber, Mizuho, Wolfe, Horton, DraftKings, Mills, Penn, sightline Organizations: UTI Energy, America, Titan International, Bank of America, of America, Broadcom, COTY, Apple Intelligence, UBS, Energy, OPEC, Salesforce, Microsoft, Adobe, Cloud, BMO, O'Reilly, O'Reilly Automotive, Therapeutics, Meta, Mizuho, Canadian, JPMorgan, Barclays, Norwegian Cruise, MKS, Gaming, Retail, North American Service Providers, Nvidia, Costco Locations: America, Texas, Norwegian, Buffalo, 2H25
The couple built their tiny house on a clear plot of land so they didn't have to cut down any trees. AdvertisementTurning it into a vacation rentalThe two of them aren't the only ones who have hopped onto the tiny house movement. Not only did they reduce their housing expenses, living in a tiny house also forced them to reevaluate their daily spending habits. This allows us to invest back into our lives," Tim, a tiny house blogger in Florida, told BI previously. While living in the tiny hut permanently isn't in their immediate plans, they're definitely open to the idea in the future.
Persons: Adam, Shou Zi Chew, , Sleepy Shepherd, it'd, Doña Remedios, Jenina, We've, Tim, They've, they're Locations: Philippines, Singapore, Bulacan, Manila, Doña, Doña Remedios Trinidad, Florida, Cambodia, Sleepy, Biak, Bato
Here are Friday's biggest calls on Wall Street: Goldman Sachs initiates Flutter as buy Goldman said the online gambling company is well positioned. " Redburn Atlantic Equities reiterates Microsoft as buy The firm said investors should buy the dip in Microsoft shares. Baird upgrades KinderCare to outperform from neutral Baird said investors should buy the dip in shares of the daycare company. Baird upgrades Bright Horizons to outperform from neutral Baird said the daycare company is well positioned. Baird upgrades Elastic to outperform from neutral Baird said the software company is an AI beneficiary.
Persons: Goldman Sachs, Goldman, Piper Sandler downgrades Sunrun, Piper, KeyBanc, Baird, Klarna, Phillip, JPMorgan, it's, Carpenter, Needham, it's bullish, John Donohoe, Elliott Hill, they've, Wells, Truist, Leerink Organizations: Citi, Apple, UBS, Microsoft, RBC, Bank of America, Apple Pay, Phillip Securities, Nvidia, Carpenter Technology, JPMorgan, Nike, " Bank of America, KD, Semiconductors, Global Business Travel Group Locations: 2H25, North America
Widespread skepticism about Richardson’s death underscores deep-seated distrust of local law enforcement in Colbert County. A spokesperson for the FBI’s field office in Birmingham confirmed the FBI is aware of Dennoriss Richardson’s death and is reviewing the allegations of criminal misconduct. Marvin Long, a 57-year-old Black man and lifelong Colbert County resident, knew Dennoriss Richardson’s family well growing up. He shares the skepticism about the suicide ruling and said Richardson’s death has intensified his fear of retaliation. Dennoriss Richardson pleaded guilty to drug possession in 2006 and was sentenced to five years in prison.
Persons: Dennoriss Richardson, Leigh Richardson, didn’t, Sheriff Eric Balentine, ” Balentine, Dennoriss, Tori Bailey, Bailey, ” Bailey, Marvin Long, ” Long, “ I’m, Long, Richardson, Roderick Van Daniel, ” Van Daniel, , Balentine, , ” Richardson, Sheffield Mayor Steve Stanley, Stanley, ” Stanley, Richardson’s, Van Daniel, Richardson “ Organizations: Alabama AP, FBI, Sheriff’s, Sheriff, NAACP, Equal, Initiative, Sheffield Police, , Sheffield, The Sheffield Police Department, Sheffield Mayor, Sheffield Police Department, International Association for Suicide Prevention, Befrienders Locations: Montgomery, Alabama, Colbert County, Sheffield, Tennessee, The Colbert, Birmingham, Colbert
Though time is winding down before the music-filled weekend arrives, there are still a few avenues for how to buy Camp Flog Gnaw Carnival 2024 tickets. Organized by Tyler, the Creator, this year marks the 10th Camp Flog Gnaw Carnival, which began in 2012 under the name OFWGKTA/Odd Future Carnival. We’ve got you covered if you’re looking for how to get tickets to the 2024 Camp Flog Gnaw Carnival. Camp Flog Gnaw Carnival 2024 festival scheduleThe 2024 Camp Flog Gnaw Carnival festival is a two-day affair, with the lineup being split between Saturday, November 16, and Sunday, November 17, at Dodger Stadium. Date StubHub Vivid Seats November 17 & 18, 2024 (GA) $516 $600 November 17 & 18, 2024 (VIP) $790 $809 November 17 & 18, 2024 (Super VIP) $1,714 $1,796How to buy tickets for Camp Flog Gnaw Carnival 2024Currently, all original tickets are sold out for Camp Flog Gnaw Carnival 2024.
Persons: Flog, Tyler, Flog Gnaw, Earl Sweatshirt, Schoolboy Q, Andre, Sexyy Redd, Playboi, We’ve, what’s, Bronson, Amelia Moore, Blood, Daniel Caesar, Denzel Curry, Doechii, Genesis, Erykah Badu, Faye Webster, Hana Vu, Jean Dawson, Jordan Ward, Kaytranada, Kenny Mason, Laila, Matt Champion, Mike G, Kel Smith, Omar Apollo, Orion Sun, Playboi Carti, Rio, Rampha, Red, Syd, Tommy Richman, Vince Staples, Wisp, Yves Tumor Organizations: Business, Dodger, Odd, Super, Concrete, Mafia Locations: Angeles, Los Angeles, Raye
Instead, the tide of popular support swelled from the winner’s interview a watery-eyed Alderson gave in the wake of triumph at Real Club de Golf Sotogrande. Fighting back tears, the victor recalled the years of bullying he had endured at school, and even some golf clubs. “Normal people just think people with disabilities are different and they’re probably easier to be bullied and picked on,” Alderson told CNN Sport. “I’ve known Spud for a long time, so I know if he’s having a mini blow-up,” Blucher said. “If you’re being bullied, just do your best to ignore it and be the better person,” he said.
Persons: Steven Alderson, Alderson, Spud ”, Alderson –, ” Alderson, , Andrew Redington, , Callum Ferguson, Alex Ross, LIV, Greg Norman, It’s, caddie Trent Blucher, “ Trent, Blucher, Spud, ” Blucher, , Jon Rahm, Rahm, Isaiah Vazquez, Qatar’s dizzying, it’s, you’re Organizations: CNN, KFC, Estrella Damm NA, Real Club, , CNN Sport, Golf, LIV Golf Adelaide, The Grange, United Arab Emirates, McLaren, Qatar’s dizzying Hamad International Locations: Australia, Spain, South Australia, Willunga, The, caddie, Sotogrande, Dubai, McLaren Vale, Adelaide, Qatar’s, Qatar’s dizzying Hamad
CNN —Aryna Sabalenka secured her third straight Wuhan Open title with a hard-fought victory over Zheng Qinwen on Sunday. In a rematch of this year’s Australian Open final, the world No. 2 defeated home favorite Zheng 6-3, 5-7, 6-3 to pick up her second WTA 1000 title of the season and the seventh of her career. Sabalenka, the first player to win the Wuhan Open three times, extends her unbeaten run at the tournament to 17-0 while improving to 4-0 in her head-to-head against Zheng. “I felt like I just lost a little bit of focus and I let her come back in the match,” Sabalenka said, per the WTA.
Persons: Aryna Sabalenka, Zheng Qinwen, Zheng, Sabalenka, , ” Sabalenka, Wuhan “, ” Zheng, Li, Iga Organizations: CNN, Wuhan, Australian, WTA Locations: China, Wuhan, Paris, Cincinnati, Riyadh, Saudi Arabia
CNN —A 26-year-old British man has died after falling from Spain’s tallest bridge during an attempt to climb one of its pylons. Local councillor Macarena Muñoz said he was accompanied by another British man, aged 24. “According to what we have been able to find out they had come to Talavera to climb the bridge and create content for social media,” Muñoz said in the statement. The British man is far from the first person to die in the pursuit of social media content in recent years. And in November 2019 a French tourist died after falling from a waterfall in Thailand while attempting to take a selfie.
Persons: Macarena Muñoz, ” Muñoz, Koh Samui Organizations: CNN, Talavera de la Reina, Nine, AFP Locations: Castilla, Mancha, Talavera de, Spain, Talavera, Australia, Victoria, Thailand, Thai, Koh
Analysts at major Wall Street banks are getting more cautious on chip darling ASML , raising concerns about the critical chip equipment maker's demand outlook. Earlier this week, investment bank UBS downgraded ASML to "neutral" and cut its price target on the stock to 900 euros ($1,000.78) from 1,050 euros previously. Other Wall Street banks have subsequently come out with their own respective analyses on ASML — and they're more downbeat than they were before. The bank remains bullish on the stock, though, keeping ASML in its top pick for EU semiconductor equipment stocks. UBS cautioned ASML's machines could face a slowdown in demand due to an "architecture shift" to gate all around architecture, or GAA.
Persons: Morgan Stanley, ASML, ASML's, Morgan Stanley's, EUV, Biden, Christophe Fouquet, Jefferies Organizations: UBS, Intel, Bank of America, ASML's, Samsung, Nvidia, SK Hynix, Base Management, Dutch, Citi, Investment Locations: ASML, U.S, China, New York
Critical chip equipment supplier ASML is set to face softer demand from buyers of its products in the coming years — and the artificial intelligence boom won't be enough to offset these downside risks, according to analysts at investment bank UBS . Such memory chip makers include Samsung and Nvidia supplier SK Hynix. ASML is behind a key technology involved in chip manufacturing known as EUV, or extreme ultraviolet radiation. DRAM is a type of memory chip that's needed for a computer to function. Shares of the company were down more than 6% Wednesday, alongside a raft of other chip stocks , following a deep slide in Nvidia shares Tuesday .
Persons: ASML Organizations: UBS, Samsung, Nvidia, SK Hynix, U.S, CNBC Locations: ASML, China, Netherlands, U.S
Read previewAt Disney's biennial D23 event this weekend, CEO Bob Iger teased the return of fan-favorite characters from "The Mandalorian" and "Toy Story" in new movies and shows from the entertainment giant. The event, which runs through August 11th in Anaheim, California — where Disneyland Park makes its home — highlights the projects Disney is working on in its animation studios and theme parks worldwide. AdvertisementAmong the projects Disney highlighted at this year's event was a trailer for an upcoming film from the "Star Wars" universe, "The Mandalorian and Grogu" directed by Jon Favreau. "Toy Story 5" will be released in theaters on June 19, 2026, but "The Incredibles 3" does not yet have a release date. "We are grateful for every moment, every memory that we're fortunate enough to be part of," Iger said.
Persons: , Bob Iger, Walt, Iger, Jon Favreau, Pedro Pascal, Cravalho, Dwyane, Johnson, James Cameron, King Organizations: Service, Disney, Business, Pixar Animation Studios, Disney Entertainment Locations: Anaheim , California, Maui
But prosecutors had no direct evidence tying Black to the location of the murder, an Ohio appellate court later said. In many cases, prosecutors themselves don't even have access to the source code and haven't reviewed the underlying technology. Back in Akron, the judge in Rankin's case ordered the Cybercheck evidence excluded after prosecutors failed to turn over the source code. The Summit County Prosecutor's Office declined to comment when reached by BI. It's unclear how many others may be behind bars because of Cybercheck evidence that was never rigorously scrutinized.
Persons: Adarus Black, Black, Na'Kia Crawford, Crawford, Adam Mosher, Mosher, Cybercheck, Chris Ramsey, It's, That's, Donald Malarcik, Summit County who've, Javion Rankin, Tyraye Carter, Rankin, Malarcik, Eric Zale, Zale, Mr, Shara Munn, she'd, Freiheit, Meghan, Breck, Roesch, weren't, They've, who's, isn't, Phillip Mendoza, Kimberly Thompson, Brian James, Tyree Halsell, Mendoza, Mosher's, Steve Michniak, Michinaik, William Holland, Brian Stano, Katherine Long, Jack Newsham Organizations: Business, NBC News, Cybercheck, Prosecutors, Police, Fleming College, Technicians, Akron Police Department, University of Saskatchewan, Summit, Prosecutor's, BI Locations: America, Akron , Ohio, Ohio, Colorado , New York, Florida, New York, Philadelphia, Houston, Denver, Akron, Summit County , Ohio, Canada, Toronto, Summit County, Boulder , Colorado, New Brunswick, Calgary, Colorado, Nevada, Pennsylvania, Colorado , Ohio, East Akron , Ohio, Summit, Portage County, Lake Erie
Against Croatia’s Donna Vekić, Zheng produced a stunning display of powerful hitting on the clay of Roland Garros, triumphing 6-2, 6-3 in a hard-fought gold medal match. Upon winning match point, her delight was laid bare. Vekić, already making history as the first Croatian tennis player to reach an Olympic singles final, took longer to settle. “I’m really happy to be here, to have won the gold medal, to represent my country,” she added. “I’m supposed to become better, but after this gold medal, I feel I can finally play tennis a bit more relaxed.”Zheng’s path to the gold medal, not just because of her semifinal victory against bronze medalist Swiatek, has hardly been straightforward.
Persons: Paris CNN — Zheng Qinwen, Donna Vekić, Zheng, Roland Garros, Don’t, Li Na, ” Zheng, Clive Brunskill, Zheng thumped, Vekić, Matthew Stockman, , Zheng breezing, Li Ting, Sun Tiantian, , , “ I’m, Swiatek, Emma Navarro, Angelique Kerber, Coco Gauff, Bianca Andreescu, ” Vekić Organizations: Paris CNN, Paris Olympics, Vekić, Olympics, Wimbledon Locations: Croatian, Olympics, Athens, Paris
Analyst Dan Dolev also increased his price target on shares to $31 from $17, suggesting shares could gain 19% from Tuesday's close. It also cut its price target to $24 from $38, implying downside of 16.7%. To be sure, he trimmed his price target to 21 euros from 24 euros. Analyst Joseph Moore named the chipmaker a top pick, reiterating his overweight rating and $144 price target. Nvidia shares have more than doubled this year.
Persons: Morgan Stanley, Nomura, Dan Dolev, Dolev, UPST, Dole, — Hakyung Kim, Samik Chatterjee, Chatterjee, Hakyung Kim, Anindya Das, Das, Joseph Moore, Moore, Fred Imbert Organizations: CNBC, Mizuho, Holdings, underperform, JPMorgan, TAM, Nomura, America, Nvidia Locations: Mizuho, Tuesday's, North America, U.S, Europe
He and other sober bar impresarios believe bars should be community hubs where you can have fun without imbibing anything alcoholic. Sober bars are social hubs without alcoholA sober bar usually looks and feels like any other. In 2022, Nielsen IQ reported that 82% of people who buy non-alcoholic drinks are still buying beverages that contain alcohol. Sober bar customers aren’t always soberMarshall, who has been sober for 17 years and is also a substance use counselor, built Sans Bar for people in recovery. Sober bars are still risky businessOpening any brick-and-mortar business is a gamble, but sober bars face considerable challenges in staying open, said Marshall, who advises prospective sober bar owners.
Persons: Chris Marshall, , Marshall, Burnet, ” Marshall, Abby Ehmann, Michael M, Ehmann isn’t, , Ehmann, It’s, ” Ehmann, she’s, Lux Heljardóttir, Dylan Kapit, ” Kapit, they’re, Ruby Warrington, “ We’re, Ian Blessing, isn’t, ” Mata, Leah Wright, Mata, Wright’s, aren’t, , , ” Warrington, Lucky Organizations: CNN, Bar, Food, Getty, Pabst, , Gallup, Nielsen, Michelin, Manhattan Locations: curacao, Austin , Texas, New York, Los Angeles, Orlando, Sacramento, Atlanta, Omaha, New, Hekate, ” Warrington, Napa Valley
Wells Fargo reiterates Nvidia as overweight Wells said it's sticking with its overweight rating on the stock. "We initiate coverage of net lease REIT Essential Properties (EPRT) with a Buy rating and $33.00 12-month price target. Citi reiterates Apple as buy Citi moved the tech giant up a spot to its number 2 top pick. Wells Fargo reiterates Amazon as buy Wells raised its price target on Amazon to $239 per share from $234. "We initiate coverage of Intuitive Machines, Inc. (LUNR) with a Buy rating and a 12-month price target of $8 per share."
Persons: Raymond James, Deere, it's, Morgan Stanley downgrades Nike, Morgan Stanley, Wells, Goldman Sachs, Goldman, Oppenheimer, Riley, Piper Sandler, Piper, managements, it's bullish, Rosenblatt, ASML Organizations: Deutsche Bank, Deutsche, Nvidia, Properties Realty Trust, Apple, Citi, Xerox, JPMorgan, Realty Trust, Inc, Travelers, Susquehanna, Nextracker, BMO, SAP Locations: Americas, China
It is an iconic image — a black-and-white photo of a blood-splattered student being clubbed by a paratrooper medic. It was the first photo to slip through the military cordon around Gwangju, South Korea, in 1980, exposing the brutal suppression of what would be known as the Gwangju Democratization Movement. But for years, the identity of the photographer — an unassuming man named Na Kyung Taek — remained a secret. Mr. Chun’s rule ended in 1988, and now many in South Korea support a Constitutional revision to sanctify Gwangju’s role in the country’s democratization. But he was still haunted by what he saw that fateful spring.
Persons: , Na, Chun, Chun’s Locations: Gwangju, South Korea, South
At least 14 Malaysians, 165 Indonesians, 68 Jordanians, 35 Pakistanis, 35 Tunisians, 11 Iranians and 98 Indians have died, according to authorities in each country. According to a CNN tally, this brings the latest official death toll for this year’s pilgrimage to at least 460. The death tolls are expected to rise much further, as Saudi Arabia and Egypt have yet to release official figures. The Bernama report did not specify if the dead were members of the country’s official Hajj delegation. The government is targeting 30 million pilgrims by 2030.
Persons: Mostafa Madbouly, Abdel Fattah el, Mecca Rafiq Maqbool, Mohd Na’im Mokhtar, , Arafat, Prophet Mohammed, King Salman bin Abdulaziz, Prince Mohammed bin Salman, Edward Szekeres, Handi Alkhshali, Aishwarya S Iyer Organizations: CNN, Jordanian Foreign Ministry, Crescent, Saudi, Reuters, Saudi Ministry of Health, Associated Press, AP Malaysia’s, Religious, News Agency, Hajj, India’s Ministry, External Affairs, Saudi General Authority, Statistics Locations: Mecca, Jordanian, Saudi Arabia, Egypt, Mina, Saudi
Survivors recounted giving birth to children fathered by Boko Haram fighters, often when they were still minors themselves. They described being humiliated by soldiers who called them “wives of Boko Haram” and accused them of being behind killings carried out by the terror group. One of them, named NV in the report, said she fled Boko Haram in 2021 when she was around 20. She had been forcibly married to a Boko Haram fighter while in captivity but remarried while living in the IDP for an extended period. Many survivors of Boko Haram told Amnesty that they witnessed Boko Haram killing their relatives.
Persons: Boko Haram, Boko, , Samira Daoud, , Haram, Babagana Zulum, , lashings, Haram … Organizations: CNN — Girls, Amnesty, Criminal, West, GN, Nigerian, NA, Nigerian Army, ” CNN, UN, Global Centre, GH Locations: Nigeria, Haram, Northeast Nigeria, Boko Haram, Central Africa, Madagali, Adamawa State, Maiduguri, Nigerian, Borno State, Borno, , Chibok
Looking for a less risky way to find growth stocks amid all the artificial intelligence hype? Looking ahead, Thornburg expects the Fantastic Five's outperformance to continue, with the forward price-to-earnings ratio of the European group falling below the seven U.S. stocks starting in 2026 and running through 2028. The money manager also projected that the European group will increase earnings 18% a year over the next three years versus 14% for the "Mag 7." ASML, the biggest producer of the equipment used to manufacture semiconductors, makes "leading-edge" lithography equipment needed to produce AI chips, Anderson said. He manages the Thornburg International Growth Fund , a concentrated portfolio of high-quality companies based outside the U.S., which has gained 8.8% year-to-date.
Persons: Nicholas Anderson, Anderson, Thornburg, It's, it's, FactSet, ASML Organizations: Thornburg Investment Management, Novo Nordisk, ASML, LVMH, AstraZeneca, SAP, Nvidia, Big Tech, Microsoft, Apple, GLP, Nordisk, Taiwan Semiconductor, Bloomberg, Growth Fund Locations: U.S, Novo, Europe, Belgium
European chip stock ASML "is almost in a quasi-monopoly position" to drive developments in artificial intelligence over the next decade, according to fund manager Marcus Morris-Eyton. Its customers include TSMC , which makes the AI chips designed by Nvidia , AMD and Intel , as well as Samsung and SK Hynix . Shares fell by 7% on the day as the company provided what analysts labeled "soft" guidance for the current quarter. Earlier this week, the company opened a test laboratory for its next-generation lithography equipment with Belgium chip research firm Imec. "Ultimately, if you need AI, if you need [electric vehicles], if you need data centers, you need more chips," Morris-Eyton added.
Persons: Marcus Morris, that's, ASML, It's, Francois, Xavier Bouvignies, Tammy Qiu, Didier Scemama, Marie Ganneval, Eyton, Morris Organizations: Nvidia, AMD, Intel, Samsung, SK Hynix, U.S, Infineon, BE Semiconductor, Wall Street, UBS, of America, AllianceBernstein's, ASML, CNBC Locations: United States, TSMC, Belgium, Veldhoven, Netherlands, ASML
ASML , the biggest maker of equipment used to manufacture semiconductors, said on Monday it has opened a test laboratory for its High NA EUV lithography equipment, together with Belgium chip research firm Imec. Among chip manufacturers, only TSMC, Samsung, Intel and memory specialists SK Hynix and Samsung are able to manufacture using ASML's current generation of extreme ultraviolet or EUV machines. The new High NA tool allows for up to 60% better resolution, and is expected to lead to new generations of smaller, faster chips. ASML repeated on Monday that it expects customers to begin commercial manufacturing with the tool in 2025-2026. To date ASML has only shipped one other test machine, to Intel in the United States, which plans to use the tool in its 14A process in 2025.
Persons: ASML Organizations: ASML, Samsung, Intel, SK Hynix Locations: Veldhoven, Netherlands, Belgium, United States
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