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☆ Asia chip stocks tumble amid news the U.S. may consider trade curbs
▼ + stars: | 2024-07-18 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

Chip stocks in Asia tumbled on Thursday following a tech selloff on Wall Street amid reports the U.S. may be considering tighter export restrictions. TSMC's suppliers also took a hit, with Japanese machinery companies Tokyo Electron slumping almost 9% while Screen Holdings fell more than 8%. Any sort of tariffs and curbs to trade are going to impact these chip companies. South Korean chip stocks were not spared. Samsung Electronics slid by nearly 2%, while SK Hynix tumbled nearly 5% and SK Square plunged nearly 10%.

Persons: Biden, Organo, Ayako Yoshioka Organizations: Bloomberg, Taiwan Semiconductor Manufacturing, Screen Holdings, Samsung Electronics, SK Hynix, SK Square Locations: U.S, China, Asia, Tokyo

☆ Stocks making the biggest moves midday: Nvidia, Johnson & Johnson, Sweetgreen, GitLab and more
▼ + stars: | 2024-07-17 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Elevance expects adjusted earnings of at least $37.20 for 2024, while analysts polled by FactSet called for $37.28 per share. Second-quarter adjusted earnings and revenue came in slightly ahead of estimates. Omnicom — Shares of the corporate communications company fell 8% despite beating revenue expectations for the second quarter. Omnicom posted adjusted earnings of $1.95 per share, which came out in line with analyst forecasts polled by FactSet. Johnson & Johnson reported adjusted earnings of $2.82 per share on $24.45 billion in revenue.

Persons: Biden, ASML, Elevance, FactSet, Charles Schwab —, Cowen, Charles Schwab's, Omnicom, Datadog, Jefferies, Johnson, Johnson —, LSEG, —, Jesse Pound, Hakyung Kim, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Bloomberg News, Biden Administration, Nvidia, AMD, Taiwan Semiconductor Manufacturing, VanEck Semiconductor, Qualcomm, HSBC, Hunt Transport Services, Revenue, FactSet, Reuters, UnitedHealth, Johnson, . U.S, Bancorp, U.S . Bancorp, Corporation, UBS Locations: China, ., V.F

☆ We're buying back into a chipmaker that offers a new reason to own it
▼ + stars: | 2024-07-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Shortly after the opening bell, we will be initiating a position in Advanced Micro Devices , buying 150 shares at roughly $184.35. Following the trade, Jim Cramer's Charitable Trust will own 150 shares of AMD, representing 0.80% of the portfolio. In his Sunday column, Jim called this the new reason to own AMD. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, MI300X, Lisa Su, Su, —, Ben Reitzes, Jim Cramer Organizations: Devices, AMD, Charitable Trust, Broadcom, VMWare, Oracle, Club, Microsoft, Micron, Taiwan Semiconductor Manufacturing Company, Nvidia, Silo, Melius, FactSet, IDC, Gartner, CNBC Locations: Europe, Wednesday's Homestretch

☆ The AI chip race is minting thousands of new millionaires in Taiwan, but not everyone is benefiting
▼ + stars: | 2024-07-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

This number could surge by 47% to about 1.16 million millionaires by 2028, UBS predicts, leading the 56 global markets the bank analyzed in its report. AdvertisementThe US was home to nearly 22 million millionaires last year, per UBS. That number is expected to grow 16% to 25.5 million millionaires over the next five years. UBS attributes Taiwan's wealth growth to its semiconductor chip industry, which is "set to reap the rewards of the boom in artificial intelligence." The rise of the chip behemoth has created an entire tech ecosystem in Taiwan, much of which is centered on hardware.

Persons: —, TSMC, Ma Tieying Organizations: Service, UBS, Business, Taiwan Semiconductor Manufacturing Company, chipmaker, Apple, Nvidia, New York Stock Exchange, DBS Locations: Taiwan, Swiss, China

☆ Japan's Nikkei smashes past 42,000 mark to all-time high; Asia-Pacific markets climb on tech rally and rate cut hopes
▼ + stars: | 2024-07-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. Japan's Nikkei 225 surged to a fresh high on Thursday, crossing the 42,000 mark for the first time. Other Asia-Pacific markets rose on the back of a U.S. Big Tech rally and greater confidence on Federal Reserve rate cuts. Chip stocks were among the biggest winners of the U.S. trading session. In Asia, investors will be watching for any spillover optimism in the region's tech stocks, particularly in Japan, where chip related companies have lifted the Nikkei 225 to record highs.

Persons: Topix Organizations: Nikkei, Big Tech, Taiwan Semiconductor Manufacturing Company, Qualcomm, Broadcom, Bank of Locations: Seoul, South Korea, Asia, Pacific, U.S, Japan

☆ TSMC second-quarter revenue jumps on AI boost, handily beats market forecasts
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: +1 min

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)TSMC , the world's largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market forecasts, on the back of booming demand for artificial intelligence (AI) applications. It is not a direct comparison as TSMC provides monthly revenue data only in Taiwan dollars, but gives quarterly revenue figures and its outlook on its quarterly earnings calls both in U.S. dollars. On its most recent earnings call in April, Taiwan Semiconductor Manufacturing Co forecast second quarter revenue in a range of between $19.6 billion to $20.4 billion. For June alone, TSMC reported that revenue rose 33% year-on-year to T$207.87 billion.

Persons: Amber Wang, TSMC Organizations: Taiwan Semiconductor Manufacturing Company, Center, TSMC, Taiwan Semiconductor Manufacturing Co, Apple, Nvidia, Revenue, Taiwan Semiconductor Manufacturing Locations: Hsinchu, AFP, Taiwan

☆ New AI tools are helping workers bluff their way through interviews
▼ + stars: | 2024-07-09 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +9 min

In today's big story, we're looking at how new AI tools are helping workers bluff their way through interviews . Some people have built homemade AI tools to help interviewees, releasing them online for free. A startup developing AI-powered tools for job seekers, Final Round AI offers an AI résumé builder, a cover letter writing service, and a mock interview tool. He's not the only one looking to AI to change the interview process. Others say banning AI chatbots in interviews is like prohibiting calculators during math tests — if workers can use the tech in their jobs, why not in the interview process, too?

Persons: —, I'm Jordan Parker Erb, Dan DeFrancesco, Alo, They're, Jenny Chang, Rodriguez, Rob Price, Michael Guan, He's, Rebecca Zisser, Rob, BI's Melia Russell, Melia, Guan, Jerome Powell, William McChesney Martin, Powell, Chip Somodevilla, Joe Biden's, Howard, Alan Howard's, Brevan Howard, Tyler Le, Francisco's, Leonid Shteyn, execs, Joe Arden, Joe Biden, Harvey Weinstein, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen, Lisa Ryan Organizations: Service, Business, Reserve Bank, Markets, Getty, Taiwan Semiconductor Manufacturing Company, Apple, of America, Paramount, NATO, Prosecutors Locations: Silicon Valley, Washington , DC, U.S, New York, London

Unionized workers at Samsung Electronics said Wednesday they would go on an indefinite strike, an escalation of a rare labor dispute that could disrupt the technology giant’s world-leading chip business. An estimated 6,500 workers walked off the job on Monday for a planned three-day strike over pay and working conditions. The Nationwide Samsung Electronics Union decided to extend the strike after “hearing no word” from the company, according to Lee Hyun Kuk, the vice president of the union, which represents 28,000 workers, or a fifth of the Samsung’s global work force. The union said it has been negotiating with Samsung since January over vacation days and wages. “As the strike goes on, the management’s blood will dry out and they will eventually come to the negotiating table on their knees,” the union said in a statement.

Persons: Lee Hyun Kuk Organizations: Samsung Electronics, Nationwide Samsung Electronics Union, Samsung, Taiwan Semiconductor Manufacturing Company

☆ Chip giant TSMC crosses $1 trillion market cap, riding on the back of Nvidia's gains
▼ + stars: | 2024-07-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Shares of upstream chip companies TSMC and ASML have surged on the back of Nvidia's gains. TSMC's market cap briefly crossed $1 trillion on Monday. The stock price of ASML — Europe's third-most valuable company — crossed 1,000 euros apiece. AdvertisementTech giant Nvidia has been riding the artificial intelligence wave that made it one of the world's most valuable companies. Now, Nvidia's suppliers and upstream partners are riding on the hype, too.

Persons: — Organizations: Service, Tech, Nvidia, Taiwan Semiconductor Manufacturing Company, New York Stock Exchange, Business

☆ The U.S. needs more of this critical metal — and China owns 80% of its supply chain
▼ + stars: | 2024-07-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Picture Alliance | Picture Alliance | Getty ImagesBEIJING — China dominates the supply chain for many of the world's critical minerals, but so far it's held off on sweeping restrictions on at least one: tungsten. Almonty claims the forthcoming mine in South Korea has the potential to produce 50% of the world's ex-China tungsten supply. "We see in the U.S., in Europe, they ask their suppliers for a China-free supply chain," said Michael Dornhofer, founder of metals consulting firm Independent Supply Business Partner. watch nowBack in January, U.S.-based research firm Macro Ops said: "We're approaching an inflection point in tungsten supply. Other non-Chinese companies in the tungsten supply chain are going to South Korea.

Persons: Lewis Black, Biden, Black, Yadong, Almonty, Michael Dornhofer, Dornhofer, Brandon Beylo, he's, Mark Seddon, Warren Buffett Organizations: Saxony Minerals, ., Getty, Taiwan Semiconductor Manufacturing Company, Nvidia, Almonty Industries, China's Ministry of Commerce, Independent Supply, Energy, Security Holdings, European, Chinese Communist Party, U.S . Bureau of Industry, Security, Department of Commerce, CNBC, Argus, IMC, IMC Group Locations: Germany, BEIJING, China, Canada, South Korea, U.S, Europe, United States, South Korea China, North Korea, Africa, Myanmar, Daegu

☆ What happens to AI progress if China invades Taiwan? A chat with 'Chip War' expert Chris Miller.
▼ + stars: | 2024-07-01 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Apple, Nvidia, Qualcomm, AMD, and most other chip designers rely on Taiwan Semiconductor Manufacturing Company to make these crucial components. And its location on the island of Taiwan, which China claims, puts the tech industry and AI's future in a precarious geopolitical position. AdvertisementChris Miller is the author of "Chip War: The Fight for the World's Most Critical Technology." When people understand the true significance of TSMC, they're often pretty shocked at how precarious the chip situation is. But suppose you think there's some chance that it happens.

Persons: Chris Miller, we're, TSMC, couldn't, That's, they've, they're, There's, Jensen Huang Organizations: Service, Apple, Nvidia, Qualcomm, AMD, Taiwan Semiconductor Manufacturing Company Locations: Taiwan, China, Russia, Ukraine, South China, Philippines, Beijing, Taiwan Strait, Washington, Tokyo

☆ Work is getting really weird
▼ + stars: | 2024-07-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyBizarro workplaceLorenzo Matteucci for BILet's be honest: Work has gotten really weird. Workers hiring shadow stand-ins can be unqualified for their jobs, overwhelmed, greedy, or just lazy. Shadow stand-ins are typically paid a fraction of the salary earned by the actual employee. One employee also described to Rob struggling to deal with a shadow stand-in's sub-par work and eventually "firing" them. Getty Images; Alyssa Powell/BIMeanwhile, the people who are doing all the work themselves are having a tough time getting any recognition.

Persons: —, Lorenzo Matteucci, Rob Price, Rob, Alyssa Powell, BI's Aki Ito, Roaring Kitty, Bain, Chris Miller, Greg Peters, Ted Sarandos, Peters, Chelsea Jia Feng, Coach's, David Rosenberg, Donald Trump's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Super, Facebook, Workers, Corporations, Getty, GameStop, McKinsey, Taiwan Semiconductor Manufacturing Company, Netflix, Walgreens, CVS, Rite, Wimbledon Locations: Chicago, India, Pakistan, China, Taiwan, New York, London

☆ U.S. is reportedly weighing further limits on China's access to AI chip tech
▼ + stars: | 2024-06-12 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The U.S. could further tighten restrictions on China's access to chip technology critical for artificial intelligence, Bloomberg reported on Tuesday. The Biden administration is weighing actions that would target high-tech chip architecture known as gate all-around, Bloomberg reported, citing sources familiar with the matter. GAA refers to new transistor architecture that could lead to better performance and lower power consumption. South Korea's Samsung Electronics has already started production for 3-nanometer chips with GAA technology. Shares of TSMC and Samsung Electronics were up 1.6% and 0.4%, respectively, in Wednesday morning trading in Asia.

Persons: Biden Organizations: Bloomberg, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, U.S . Department of Commerce, Bureau of Industry, Security Locations: Asia, U.S, China

☆ Taiwan's energy crunch could 'throw a wrench' into the global semiconductor industry
▼ + stars: | 2024-06-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Any energy disruption will slow down chipmaking and raise global semiconductor prices, Webster said. "Taiwan's electricity crunch could throw a wrench in global semiconductor markets," he said, adding that interruptions could reverberate across the global industry. The global semiconductor manufacturing industry is estimated to double its market size in revenue by 2030, and is poised to consume 237 terawatt hours (TWh) of electricity by then, a Greenpeace report said. Joseph Webster Atlantic Council's Global Energy CenterElectricity consumption from Taiwan's semiconductor manufacturing industry is set to increase 236% between 2021 and 2030, the same report found. "The global electricity industry has been surprised by the pace and scale of electricity demand from artificial intelligence's data centers," said Webster, adding that Taiwan's future electricity consumption is subject to "considerable uncertainty."

Persons: Council's Webster, Webster, Joseph Webster, Chen, Chung Organizations: Taiwan Semiconductor Manufacturing, Apple, Nvidia, Greenpeace, Joseph Webster Atlantic, Global Energy Center Electricity, Hua Institution Locations: Taiwan

☆ It's showtime for Apple, and we're expecting news on its AI plans and a big partnership
▼ + stars: | 2024-06-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're giving a preview of what to expect at Apple's annual event . The big storyApple's AI unveilingApple CEO Tim Cook at the Worldwide Developers Conference in 2023. Josh Edelson/AFP Getty ImagesApple kicks off its big event today from a unique spot: behind. AdvertisementBut when CEO Tim Cook takes the stage for his keynote address this afternoon, it'll be about catching up with Apple's fellow Big Tech peers. It wouldn't be the first time Apple announced a deal with a fellow tech company that has massive implications , writes BI's Hasan Chowdhury.

Persons: —, Larry Connor, Tim Cook, Josh Edelson, Insider's Jordan Hart, BI's Hasan Chowdhury, Monica Schipper, Nordin Catic, Tyler Le, Sam Altman, OpenAI, Apple, Satya Nadella, Altman, Alyssa Powell, Chelsea Jia Feng, Andrii Sedykh, Javier Zayas, Abanti Chowdhury, They're, Gen, isn't, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Business, showtime, Apple, Worldwide, Developers, Big Tech, Google, Microsoft, Getty, Getty Images, Taiwan Semiconductor Manufacturing Company, Amazon Locations: India, Mexico, Burazin, New York, London

☆ Nvidia is making a ton of money. Now, main supplier TSMC may charge Jensen Huang more for chips.
▼ + stars: | 2024-06-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Now, key supplier Taiwan Semiconductor Manufacturing Company, or TSMC, appears to want in on the hype. "I did complain to Nvidia's CEO Jensen Huang — the 'three trillion guy' — that his products are so expensive," CC Wei, TSMC's CEO, said last week, per Nikkei. TSMC has already indicated price hikes for production outside of TaiwanIt isn't the first time this year that TSMC has signaled a price hike. AdvertisementIn April, Wei said the company plans to charge customers more if they want their chips made outside Taiwan. "In today's fragmented globalization environment, costs will be higher for everyone, including TSMC, our customers, our competitors, and the entire semiconductor industry."

Persons: —, Jensen Huang, Jensen Huang —, Wei, TSMC, Nvidia's Huang doesn't, Huang, Morgan Stanley Organizations: Service, Taiwan Semiconductor Manufacturing Company, Wei, Business, Wall, NVIDIA, Nvidia, New Locations: TSMC, Taiwan, China, Beijing, Arizona, Japan, Germany, New Taiwan

☆ Intel wants to build 'everybody's AI chips,' CEO says, as company plays catch-up with rivals
▼ + stars: | 2024-06-05 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Intel wants to regain its position as the world's leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years. "We want to build everybody's chips, everybody's AI chips. Intel seeks to boost its struggling foundry business, which posted a wider operating loss of $7 billion in 2023 versus the prior year. Taiwan Semiconductor Manufacturing Company reportedly overtook Samsung in 2023 to become the world's largest foundry by revenue. It's created a level playing field if I were building a factory in Asia versus U.S.," Gelsinger said.

Persons: Pat Gelsinger, Gelsinger, Biden, It's Organizations: Intel, TSMC, Samsung, CNBC, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, U.S, Nvidia, AMD, Meta, Microsoft, Google Locations: Taipei, offing, U.S, Asia

☆ Morgan Stanley picks global stocks to ride the Nvidia boom — and gives 4 more than 50% upside
▼ + stars: | 2024-05-29 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Investor darling Nvidia is dominating headlines once again after its earnings last week surpassed expectations on the back of the artificial intelligence boom. Morgan Stanley notes that the reaction to Nvidia's first quarter results is "very telling on how much buying power still exists in the market." Here are seven of Morgan Stanley's overweight-rated stocks to play these AI themes: Overweight-rated stocks Among Morgan Stanley's list of AI stock opportunities are South Korean tech giant SK Hynix and Taiwanese chipmaker Taiwan Semiconductor Manufacturing Company . SK Hynix stocks are held in the iShares MSCI South Korea ETF (8.4% weight) and Franklin FTSE South Korea ETF (8.3% weight). Shares in TSMC are included in the iShares MSCI Taiwan ETF (25.1% weight) and Franklin FTSE Taiwan ETF (22.2% weight) Beyond the headline-makers, Morgan Stanley also sees potential in Japanese manufacturer Advantest Corp .

Persons: Morgan Stanley, Nvidia's, Hopper, Morgan Stanley's, Morgan, Goldman Sachs, — CNBC's Michael Bloom Organizations: Nvidia, SK Hynix, Taiwan Semiconductor Manufacturing Company, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, Advantest Corp, Japan Equity, JPMorgan BetaBuilders Japan, Alchip Technologies, Technology, Memory Technology, Micronics Locations: Asia, Korean, Korea, Franklin FTSE South, Taiwan, Franklin FTSE Taiwan

☆ China's largest chipmaker SMIC is now the No. 3 foundry in the world, Counterpoint says
▼ + stars: | 2024-05-23 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. China's largest chipmaker SMIC is now the world's third-largest foundry in terms of revenue in the first quarter, according to Counterpoint Research. State-backed SMIC, or Semiconductor Manufacturing International Co. , held a market share of 6% in the first quarter— up from 5% last year, the report showed. This places SMIC behind only Taiwan Semiconductor Manufacturing Company and South Korea's Samsung Foundry which held 62% and 13% of market share in the first quarter respectively. 3 position in foundry revenue market share in Q1 2024 for the first time, as demand recovery begins in China, including CIS, PMIC, IoT, and DDIC applications," showed the Counterpoint Research report published Wednesday.

Persons: GlobalFoundries, Chips, SMIC Organizations: Semiconductor Manufacturing International Corporation, Research, Semiconductor Manufacturing, Co, Taiwan's United Microelectronics Corporation, Taiwan Semiconductor Manufacturing Company, South, Samsung Foundry, CIS Locations: Beijing, China, China's

☆ Incident at TSMC’s Semiconductor Plant in Arizona Injures One
▼ + stars: | 2024-05-16 | by ( Meaghan Tobin | More About Meaghan Tobin | ) www.nytimes.com time to read: +1 min

The driver of a waste disposal truck was rushed to a hospital on Wednesday following an incident at the Phoenix campus of the Taiwanese chip giant Taiwan Semiconductor Manufacturing Company, which is under construction. Local media reported that an explosion had occurred that, the company said in a statement, did not damage the facility. The truck driver is a contractor, and no TSMC employees or construction workers were injured, the statement said. TSMC has long dominated the global chip supply chain from its home base in Taiwan. TSMC over the past four years has committed to build new factories in Japan, Germany and Arizona.

Persons: TSMC, Biden Organizations: Phoenix, Taiwan Semiconductor Manufacturing Company Locations: United States, Taiwan, Beijing, TSMC, Japan, Germany, Arizona

☆ 14 analysts upgraded this global AI chip stock in the past 2 weeks
▼ + stars: | 2024-05-14 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

There's been so much love for one global chip stock that as many as 14 analysts upgraded it in the past two weeks. Based on a CNBC Pro FactSet screen, 14 analysts upgraded the stock in the past two weeks, and none downgraded it. Those covering the stock say they are optimistic in light of AI demand, among other factors. This "inefficiency" has been estimated to likely create an additional ~10% in equipment demand over time," Kim added. When it comes to AI, Kim also said that each large language model upgrade cycle requires roughly 100 times more in compute capacity upgrades.

Persons: There's, That's Taiwan's, Phelix Lee, Lee, Dan Kim, Kim, FactSet, TSMC Organizations: Taiwan Semiconductor Manufacturing Company, Nvidia, CNBC, Morningstar, Saturna Locations: U.S, China, Taiwan

☆ Apple's software chiefs decided they needed to upgrade Siri after spending weeks testing out ChatGPT themselves
▼ + stars: | 2024-05-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Apple executives knew they needed to upgrade Siri after they started using ChatGPT. The company's software chiefs spent weeks using the OpenAI chatbot before making the decision. AdvertisementApple executives realized their digital assistant Siri badly needed an upgrade after they began testing OpenAI's chatbot, ChatGPT. Unlike most tech giants, Apple has remained relatively coy about how it intends to compete in the field of AI. The Sam Altman-led AI company has long been on Apple's radar, with Cook admitting in an interview with Good Morning America last year that he, too, uses ChatGPT.

Persons: Siri, —, Craig Federighi, John Giannandrea, Giannandrea, Tim Cook ., Apple didn't, Cook, hasn't, Sam Altman Organizations: Apple, Developers, Service, New York Times, BI, Developers Conference, coy, Microsoft, Meta, Google, Financial Times, Taiwan Semiconductor Manufacturing Company, Street, OpenAI, Bloomberg, Good Morning America Locations: Cupertino

☆ Developing Taiwan’s own ‘Starlink’ crucial for island-wide emergency, space agency says
▼ + stars: | 2024-05-04 | by ( Eric Cheung | ) edition.cnn.com time to read: +9 min

“The communication satellite is very important for our communication resilience during urgent periods,” Wu said, calling it his agency’s most sensitive project. Taiwanese authorities previously announced the space agency would develop two communication satellites, the first of which could be launched by 2026. Wu Jong-shinn, director general of the Taiwan Space Agency, speaks to CNN on March 5, 2024 in Hsinchu, Taiwan. In the future, Taiwan’s satellite system could replace third-party deals, but Wu, the space agency director, declined to provide more specific details about the project’s timeline. A rocket model in development at the Taiwan Space Agency on March 5, 2024 in Hsinchu, Taiwan.

Persons: Taiwan CNN —, Wu Jong, shinn, Elon, Wu, ” Wu, ” Starlink, Heidi Levine, John Mees, CNN Brad Tucker, you’re, ”, Su, yun, OneWeb, Sam Yeh, Lai Ching, Tsai Ing, Taiwan’s, “, CNN’s Will Ripley Organizations: Taiwan CNN, Taiwan Space Agency, CNN, Musk’s SpaceX, SpaceX, Ukrainian, The Washington Post, Communist Party, Institute for National Defense and Security Research, Australian National University, Taiwan’s Institute for National Defense and Security Research, Getty, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Triton Locations: Hsinchu, Taiwan, China, Gaza, Beijing, London, Xiamen, Taiwan's, AFP, Guiana, South America

☆ Intel used to dominate the U.S. chip industry. Now it's struggling to stay relevant
▼ + stars: | 2024-04-26 | by ( Kif Leswing | ) www.cnbc.com time to read: +16 min

David Paul Morris | Getty Images News | Getty ImagesThe iPhone could have had an Intel chip inside. It would've made sense to use Intel chips, which ran on the best desktops at the time, including Apple's Macs. Braithwaite, who worked at Intel in the 1980s, said Intel's process engineers were the company's "crown jewels." Intel doesn't have a GPU competitor to Nvidia's AI accelerators, but it has an AI chip called Gaudi 3. For comparison, AMD expects about $2 billion in annual AI chip revenue.

Persons: Pat Gelsinger, Seth Wenig, Gelsinger, Biden, Nicholas Braithwaite, Akshara Bassi, It's, Steve Jobs, David Paul Morris, Apple, Paul Otellini, Walter Isaacson's, Otellini, Isaacson, Jobs, Apple didn't, Apple —, TSMC, Mikako Kitagawa, Joe Biden, Brendan Smialowski, Braithwaite, Gordon Moore, Moore's, Brian Krzanich, 7nm —, TSMC didn't, Jensen Huang, Josh Edelson, OpenAI, Gaudi, Intel's, it's, Bassi, CNBC's Jon Fortt Organizations: Intel, Taiwan Semiconductor Manufacturing Company, Nvidia, Micro Computer, Qualcomm, Broadcom, Texas Instruments, AMD, Apple, Celesta, Meta, Microsoft, Getty, Samsung, Gartner, Asus, AFP, Semiconductor, Engineers, SAP Center, Afp, Companies, Blackwell, Habana Labs, Gaudi, FactSet, U.S Locations: New York, American, U.S, Chandler , Arizona, California, San Jose , California, Taiwan, Columbus , Ohio

☆ TSMC's stalled Arizona chip factory is 'well on track' to start production next year — and it'll be charging more for US-made chips
▼ + stars: | 2024-04-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Last year, Taiwan Semiconductor Manufacturing Company reported its first profit decline in four years. The company said engineering wafer production began at the factory in April, an important step toward the eventual chip production. Last July, TSMC announced that chip production for the first factory would be postponed from 2024 to 2025. Barring further setbacks, TSMC's update could mean the first factory will begin production of chips in 2025. This funding could be particularly important for TSMC, given the cost of factory construction and chip manufacturing can differ between the US and Taiwan.

Persons: —, TSMC, Biden, Joe Biden, — TSMC, Dylan Patel, SemiAnalysis, that's, Morris Chang, C.C, Wei Organizations: Service, Taiwan Semiconductor Manufacturing Company, Business, Biden, Financial Times Locations: Taiwan, Arizona, Phoenix, Japan, Germany

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