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☆ Arm IPO depends on more than Big Tech support
▼ + stars: | 2023-08-14 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/IllustrationLONDON, Aug 14 (Reuters Breakingviews) - Arm is phoning Big Tech friends for help with its initial public offering. Backing from some of the world’s largest technology companies would also provide a useful marketing boost. Investments from big tech companies risk scrutiny from antitrust regulators, who previously blocked chip specialist Nvidia from buying Arm. Reuters Graphics Reuters GraphicsArm and its owner, Japan’s SoftBank Group (9984.T), will therefore need to win over big institutional investors. That’s well below the $60 billion to $70 billion that Bloomberg recently reported Arm is aiming for.

Persons: Dado Ruvic, Rene Haas, Taiwan’s TSMC, Japan’s, Bernstein, Peter Thal Larsen, Oliver Taslic Organizations: REUTERS, Reuters, Big Tech, Nvidia, Apple, Google, Microsoft, Investments, U.S . Federal Trade Commission, Reuters Graphics, Cadence Design Systems, Bloomberg, Reuters Graphics Reuters, Intel, Samsung Electronics, Japan’s SoftBank, Nasdaq, Thomson Locations: U.S, ASML, Cambridge

☆ Buy these A.I. enablers, adopters and adapters, Evercore ISI says
▼ + stars: | 2023-08-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Evercore ISI is calling out its top artificial intelligence enablers, adopters and adapters as the technology's prominence transforms businesses and the world. These names have also seen their next 12 months' EPS estimates revised upward and sit in the top 75% of the index. Both stocks have risen on AI demand about 48% and 152%, respectively, since the start of the year. EPS estimates for Meta and Alphabet have risen nearly 15% and 5%, respectively, since the end of May. MongoDB soared 28% after posting blowout results, with EPS estimates up more than 44% since the end of May.

Persons: Julian Emanuel, Russell, Penny, MongoDB, JPMorgan Chase, Pizza, — CNBC's Michael Bloom Organizations: Nvidia, Meta, Holdings, Arista Networks, Intel, JPMorgan

☆ This sophisticated investing strategy could be making a comeback after a blow to the FTC
▼ + stars: | 2023-08-13 | by ( Valida Pau | ) www.cnbc.com time to read: +7 min

Merger arbitrage investors have been struggling this year. Play the gap Merger arbitrage can be a tricky strategy for regular investors to incorporate. Investors can buy into the following funds for exposure to merger arbitrage: The Arbitrage Fund (ARBNX) The Merger Fund (MERIX) The NexPoint Merger Arbitrage fund (HMEAX) The First Trust Merger Arbitrage ETF (MARB) The IQ Merger Arbitrage ETF (MNA) To be sure, many of these funds charge a hefty fee. Kroger and Albertsons , the two largest biggest grocers by revenue, just notched a regulatory win after a judge dismissed a consumer lawsuit challenging the $25 billion merger. Tower Semiconductor is trading for around $34 a share such that the arbitrage spread stands at more than 50%.

Persons: Activision Blizzard, Andrew Beer, Dealmaking, John Orrico, Salvatore Bruno, VMware's, Black Knight, it's Organizations: Federal Trade Commission, Activision, FTC, Microsoft, Hedge Fund Research, Beta Investments, Global, Horizon Therapeutics, Activision Blizzard, Broadcom, VMware, Intercontinental Exchange, Black, CNBC, Kroger, Albertsons, Intel, Semiconductor Locations: Island, Water Island, British, Israel

☆ How Amazon is racing to catch Microsoft and Google in generative A.I. with custom AWS chips
▼ + stars: | 2023-08-12 | by ( Katie Tarasov | ) www.cnbc.com time to read: +5 min

In this article METAGOOGLMSFTAMZN Follow your favorite stocks CREATE FREE ACCOUNTChips as 'true differentiation'In the long run, Dekate said, Amazon's custom silicon could give it an edge in generative AI. Microsoft has yet to announce the Athena AI chip it's been working on, reportedly in partnership with AMD. So you train the machine learning models and then you run inference against those trained models," Wood said. Amazon's custom chips, from left to right, Inferentia, Trainium and Graviton are shown at Amazon's Seattle headquarters on July 13, 2023. An Amazon employee works on custom AI chips, in a jacket branded with AWS' chip Inferentia, at the AWS chip lab in Austin, Texas, on July 25, 2023.

Persons: Dekate, It's, Nitro, Stacy Rasgon, Matt Wood, Wood, Trainium, Nvidia H100s, Rasgon, Joseph Huerta, they're, Mai, Lan Tomsen Bukovec, Gartner, Swami Sivasubramanian, Sivasubramanian, Katie Tarasov Organizations: Microsoft, AWS, Amazon, CNBC, AMD, Intel, Bernstein Research, Google, Unit, Nvidia, Seattle, AI21 Labs Locations: Austin , Texas

☆ Factbox: SoftBank-owned Arm courts Big Tech interest in its IPO
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: 1 min

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/IllustrationAug 11 (Reuters) - SoftBank Group-owned chip designer Arm is getting investment interest from several major tech firms for what is expected to be one of this year's biggest initial public offerings. Arm has been in talks with about 10 companies, including Amazon.com (AMZN.O), Intel (INTC.O), Alphabet (GOOGL.O) and Nvidia (NVDA.O), about investments ahead of its IPO. Here is a list of companies that could be anchor investors in the IPO -Compiled by Jaspreet Singh and Zaheer Kachwala in Bengaluru; Edited by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Jaspreet Singh, Zaheer Kachwala, Shounak Dasgupta Organizations: REUTERS, SoftBank, Intel, Nvidia, Thomson Locations: Bengaluru

☆ Chip shortage in Germany's car industry will last years - Audi manager
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

[1/3] Cars are pictured during morning rush hour on the A100 city highway in a Berlin, Germany, February 22, 2018. REUTERS/Fabrizio Bensch/File PhotoBERLIN, Aug 11 (Reuters) - Semiconductor shortages that have created bottlenecks for Germany's car industry will take years to resolve despite chipmakers' plans to build factories in the country, a senior Audi manager was quoted as saying on Friday. Executives and policymakers are re-thinking supply lines and trying to reduce reliance on a handful of Asian and U.S. chip suppliers. Chipmakers such as U.S. Intel (INTC.O) and Taiwan's TSMC (2330.TW) this year announced plans to build factories in Germany. It's about billions of dollars are being invested," Renate Vachenauer, head of procurement at Volkswagen-owned (VOWG_p.DE) Audi, was quoted as saying by Augsburger Allgemeine newspaper.

Persons: Fabrizio Bensch, chipmakers, Taiwan's TSMC, Renate Vachenauer, Vachenauer, Riham Alkousaa, Cynthia Osterman Organizations: REUTERS, Semiconductor, Audi, Intel, Volkswagen, Augsburger Allgemeine, Thomson Locations: Berlin, Germany, U.S

☆ Exploding drone boats aren't hard to beat, but Russia's weak defenses are letting Ukraine blow up its ships
▼ + stars: | 2023-08-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

Ukraine's recent waterborne drone attacks have shed light on weaknesses in Russian defenses. Prior to the hits on Olenegorsky Gornyak and Sig, previous naval drone attacks have terrorized Russian ships in the Black Sea. United 24/Ukrainian government'Too many to take out'With the drone attacks showing no sign of stopping, the questions become how Russia will respond. And if Russia does ramp up its defenses, it's likely that Ukraine will scale up the number of its drone boats. Operating a group of drone boats, Clark added, is more difficult given water conditions, weather, and the potential to ram into unintended targets.

Persons: Sutton, Gornyak, haven't, they're, Bryan Clark, Ulf Mauder, Clark, Shaposhnikov, Peter the, KIRILL KUDRYAVTSEV Organizations: Service, Sig, US Navy, Hudson Institute, Russia's, Getty, intel Locations: Wall, Silicon, Russian, Russia, Novorossiysk, Ukraine, Sevastopol, Ukrainian, US, Persian, Israel, Peter the Great, Japan, Vladivostok, AFP, Crimea

☆ Morgan Stanley Wealth Management adds this stock to its model portfolio because of A.I. opportunity
▼ + stars: | 2023-08-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Chipmaker Advanced Micro Devices is an "emerging growth opportunity" in artificial intelligence, according to Morgan Stanley Wealth Management. Investment strategist Daniel Skelly said he added the chipmaker to the firm's equity model portfolio. He noted that AMD is "a leader in chip end markets with potential AI tailwinds." "We viewed AMD's 2Q23 print constructively as management indicated improving business conditions into the second half of the year," Skelly said. "With data center revenue growth troughing, we believe investors should look through to a 2024 inventory re-build that is supported by tailwinds from AI."

Persons: Morgan, Daniel Skelly, Skelly, — CNBC's Michael Bloom Organizations: Devices, Morgan Stanley Wealth Management . Investment, AMD, Intel

☆ Ukraine doesn't have much of a navy, but it's found a way to hunt down the 'weakest links' in Russia's critical sea supply lanes, UK intel says
▼ + stars: | 2023-08-09 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Ukrainian drones are attacking Russian ships and tankers, wrecking critical sea supply lanes. It's the latest incident involving Ukrainian sea drones hitting vital Russian naval targets, weakening sea supply lanes and proving Kyiv to be a scrappy, formidable naval force while lacking an actual fleet beyond some patrol boats. "The attacks show that USV operations are increasingly a major component of modern naval warfare and can be turned against the weakest links of Russia's sea supply lanes," the UK intel update said. Ukraine has made the development of sea drones a priority, even crowdfunding for what they call "the formation of the world's first naval fleet of drones." An expert previously told Insider the remotely operated, cheap-but-effective waterborne drones give Ukraine an "asymmetric advantage," stressing Russian defenses and resources.

Persons: Sig, Ukraine's USVs Organizations: UK intel, Kyiv, Service, Ukraine, UK Ministry of Defense, intel Locations: Russian, Kerch, UK, Wall, Silicon, Russia, Syria, Ukraine

☆ US reports big interest in $52 billion semiconductor chips funding
▼ + stars: | 2023-08-09 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. The chips law also includes a 25% investment tax credit for building chip plants, estimated to be worth $24 billion. The Commerce Department spent the last year building a team of more than 140 people and writing rules for accepting and assessing applications. The law also dedicates $11 billion for advanced semiconductor manufacturing research and development. The focal point will be the National Semiconductor Technology Center.

Persons: Florence Lo WASHINGTON, Joe Biden's, Biden, We're, Gina Raimondo, Pat Gelsinger, Raimondo, David Shepardson, Raju Gopalakrishnan Organizations: REUTERS, U.S . Commerce Department, Commerce Department, Intel, National Semiconductor Technology Center . Commerce, Commerce, Defense, Energy, National Science Foundation, Thomson Locations: Florence, America, U.S, China

☆ Nvidia unveils an update to a new A.I. chip that hasn't even shipped yet — an aggressive move to keep its crown
▼ + stars: | 2023-08-09 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

"No one is coming for Nvidia on AI, period, any time soon," Stifel analyst Ruben Roy told CNBC in an interview Wednesday. The new version of Grace Hopper primarily delivers improvements in memory capacity and bandwidth compared with the first-generation product. In practice, improving the memory capacity and bandwidth of the Grace Hopper Superchip should help AI applications run more efficiently and smoothly. Volume production of the improved Grace Hopper Superchip is expected in the second quarter of 2024, according to Nvidia. Open-source software Nvidia's closed-source CUDA software platform – along with a library of pre-trained AI models — has helped establish the company's AI dominance.

Persons: it's, Grace Hopper Superchip, Ruben Roy, Grace Hopper, ChatGPT, Roy, Hopper, Nvidia, Pat Gelsinger, Nvidia's, Omniverse, Jim Cramer, Nvidia hasn't, Jim, enabler —, Jim Cramer's, Jensen Huang, Walid Berrazeg Organizations: Nvidia, Club, Devices, CNBC, Microsoft, Bank of America, AMD, Nvidia DGX, Intel, BMW, Computer, Getty Locations: Taipei

The law also prohibits funding recipients from expanding semiconductor manufacturing in China or other countries deemed a national security risk by the United States government. A year after President Joe Biden signed the CHIPS and Science Act into law, the U.S. semiconductor industry is still waiting on the windfall. The potential for federal funding has spurred some potential huge investments in the semiconductor sector. "The back-end semiconductor manufacturing sector that Integra participates in, operates on very thin margins that just don't make it possible without the CHIPS Act support to do this," Integra CEO Brett Robinson said. Intel, Taiwan Semiconductor Manufacturing Co. and silicon carbide producer Wolfspeed have all hired workers and started construction despite not receiving any federal CHIPS Act funding.

Persons: Raimondo, Gina Raimondo, Joe Biden, Brett Robinson, Robinson, Tom Sonderman, I've, Brian Harrison, It's Organizations: Department of Commerce, United, UAW, Integra Technologies, Integra, SkyWater Technology, of Commerce, Intel, Taiwan Semiconductor Manufacturing Co, Commerce Department Locations: America, China, United States, U.S, Taylor , Michigan, Wichita , Kansas, West Lafayette , Indiana, Arizona

Immersed will merge with Maquia Capital Acquisition Corp (MAQC.O), a special purpose acquisition company (SPAC), in a deal that values the Austin, Texas-based firm at about $150 million, the sources said. As part of the deal, Immersed is raising bridge financing through convertible notes from investors including Intel Corp (INTC.O) Chief Executive Pat Gelsinger, former football player Tim Tebow, and All Blue Capital. Immersed expects to have access to the proceeds raised by the SPAC, barring redemptions, the sources said. Founded in 2017 by software engineer Renji Bijoy, Immersed develops spatial computing software that enables remote working for employees. After the deal closes, Immersed will be listed on the Nasdaq under the ticker "AIMR", the sources said.

Persons: Pat Gelsinger, Tim Tebow, Renji Bijoy, Milana Vinn, Robert Birsel Organizations: Maquia, Corp, Intel Corp, Blue Capital, redemptions, Nasdaq, Thomson Locations: Austin , Texas, New York

☆ Germany spends big to win $11 billion TSMC chip plant
▼ + stars: | 2023-08-08 | by ( ) edition.cnn.com time to read: +4 min

Taiwanese chipmaker TSMC on Tuesday committed 3.5 billion euros ($3.8 billion) to a factory in Germany, its first in Europe, taking advantage of huge state support for the $11 billion plant as the continent seeks to bring supply chains closer to home. TSMC said it would invest up to 3.499 billion euros into a subsidiary, European Semiconductor Manufacturing Company (ESMC), of which it will own 70%. The factory will cost around 10 billion euros in total. “There is going to be a real ecosystem for semiconductor manufacturing in Germany,” he said. TSMC said in a statement after a board meeting that approved the German investment that it had also approved a capital injection of not more than $4.5 billion for the Arizona plant as part of the overall $40 billion investment.

Persons: TSMC, Olaf Scholz, Michael Kretschmer, ” Kretschmer, Germany’s, NXP, Robert Habeck, ”, “ It’s Organizations: European Union, Intel, Taiwan Semiconductor Manufacturing, Germany, Semiconductor Manufacturing Company, Germany’s Bosch, Infineon, Semiconductor, EU, Sony Locations: Germany, Europe, Taiwan, China, Asia, United States, Dresden, Saxony, ” Saxony, Netherlands, Ukraine, Arizona, Japan

☆ Russia's 200,000-strong national guard is getting armed with heavy weaponry, in a sign of its growing importance to Putin, UK intel says
▼ + stars: | 2023-08-08 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +2 min

Russia is granting its 200,000-strong national guard force heavy weaponry, the UK MOD said. This shows how the Kremlin sees the force as key to ensuring "regime security," per the MOD. While its leader bragged of its response to the Wagner mutiny, there's no sign it did much, the MOD said. Reports have suggested that Putin has become increasingly isolated and paranoid since he launched the invasion of Ukraine in February 2022. Reports of a paranoid Putin have only intensified since the Wagner Group's mini-mutiny, which could lead to a bigger role for the national guard.

Persons: Wagner, Vladimir Putin's, Putin, Rosgvardia, Viktor Zolotov Organizations: MOD, Kremlin, Service, UK Ministry of Defense Locations: Russia, Wall, Silicon, Russian, Moscow, Ukraine

[1/2] The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, November 15, 2022. REUTERS/Pascal Rossignol/File PhotoNEW YORK, Aug 8 (Reuters) - Amazon.com (AMZN.O) is in talks about joining other technology companies as a cornerstone investor in SoftBank Group Corp's (9984.T) Arm Ltd ahead of its initial public offering (IPO), people familiar with the matter said on Tuesday. Amazon's potential involvement in the IPO, which has not previously been reported, underscores Arm's significance in cloud computing. Amazon Web Services, the internet giant's cloud business, makes its own processing chip called Graviton, using Arm's design. Arm has been in talks with about 10 technology companies, including Intel (INTC.O), Alphabet (GOOGL.O) and Nvidia (NVDA.O), about an investment ahead of its IPO, Reuters has reported.

Persons: Pascal, SoftBank, Echo Wang, Anirban Sen, Jeffrey Dastin, Stephen Nellis, Matthew Lewis Organizations: REUTERS, Web Services, Nasdaq, Reuters, Intel, Nvidia, San, Thomson Locations: Lauwin, France, New York, San Francisco

☆ Apple and Samsung to invest in SoftBank's Arm at IPO -Nikkei
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File PhotoTOKYO, Aug 8 (Reuters) - Apple (AAPL.O) and Samsung Electronics (005930.KS) will invest in SoftBank Group (9984.T)-owned chip designer Arm at its initial public offering (IPO), expected in September, Japan's Nikkei newspaper reported on Tuesday. Reuters reported in June that Arm was in talks with some ten companies - including Apple, Samsung and Intel (INTC.O) - with the aim of bringing on one or more anchor investors in the offering. Last month, Reuters and other media reported that Arm was in talks to bring in U.S. chip designer Nvidia (NVDA.O) as an anchor investor for the New York listing. Apple, Samsung, Nvidia and Intel all plan to invest in Arm as soon as it is listed on the market, the Nikkei said. Apple, Nvidia and Intel did not immediately respond to a Reuters' request for comment.

Persons: Dado Ruvic, SoftBank, Masayoshi, Anton Bridge, Elaine Lies, Joyce Lee, Akash Sriram, Louise Heavens, David Dolan, Miyoung Kim, Sharon Singleton Organizations: REUTERS, Samsung Electronics, SoftBank, Japan's Nikkei, Reuters, Apple, Samsung, Intel, Nvidia, New, Nikkei, U.S . Securities, Exchange Commission, Vision Fund, Thomson Locations: KS, New York, Tokyo, Seoul

☆ These stocks had the biggest earnings surprises because of A.I.
▼ + stars: | 2023-08-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

As second-quarter earnings season winds down, RBC Capital Markets is looking back at some companies that experienced the biggest earnings surprises due to the latest technology trend transforming the globe. "Artificial Intelligence remains a key focus for many companies, with significant investments in AI technologies and services," wrote RBC analyst Jonathan Atkin. AI discussion dominated the earnings of companies across industries, including technology, with some companies posting strong quarterly surprises as a result of the trend. In its latest earnings, Amazon touted some of its AI plans, including custom AI chips and its Bedrock platform . Many Wall Street analysts have cheered the Facebook and Instagram parent's recent cost-cutting initiatives and AI investments, in addition to a rebound in its advertising business.

Persons: Jonathan Atkin, Wall, workloads, — CNBC's Michael Bloom Organizations: RBC Capital Markets, Nvidia, Apple, Microsoft, RBC, Amazon, Intel, Oracle

Germany, which has been courting the world's largest contract chipmaker since 2021, will contribute up to 5 billion euros to the factory in Dresden, capital of the eastern state of Saxony, German officials said. "There is going to be a real ecosystem for semiconductor manufacturing in Germany," said economy minister Robert Habeck. VOTE OF CONFIDENCETSMC said it would invest up to 3.499 billion euros into a subsidiary, European Semiconductor Manufacturing Company (ESMC), of which it will own 70%. Semiconductor makers Intel (INTC.O) and Wolfspeed (WOLF.N) have already taken advantage of the subsidies on offer to set up shop in Germany. TSMC said in a statement after a board meeting that approved the German investment that it had also approved a capital injection of not more than $4.5 billion for the Arizona plant as part of the overall $40 billion investment.

Persons: Robert Habeck, TSMC, Germany's Bosch, Habeck, Ben Blanchard, Thomas Escritt, Louise Heavens, Mark Potter Organizations: Taiwan Semiconductor Manufacturing, European Union, Semiconductor Manufacturing Company, Infineon, Semiconductor, Intel, EU, Sony, Thomson Locations: Dresden, Arizona, TAIPEI, BERLIN, Germany, Europe, Taiwan, China, Asia, United States, Saxony, Netherlands, Ukraine, U.S, Japan

☆ TSMC to decide in favour of German factory on Tuesday - Handelsblatt
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File PhotoBERLIN, Aug 7 (Reuters) - Taiwanese semiconductor manufacturer TSMC's (2330.TW) board of directors will decide in favour of building a factory in the German city of Dresden, the Handelsblatt daily reported on Monday, citing government sources. The German government will support the construction of the factory with 5 billion euros ($5.49 billion), according to the sources. TSMC, the world's largest contract chipmaker, has been in talks with the German state of Saxony since 2021 about building a fabrication plant, or "fab", in Dresden. It will operate the factory in a joint venture with partners Bosch (ROBG.UL), Infineon (IFXGn.DE) and NXP (NXPSM.UL), the sources told Handelsblatt.

Persons: Ann Wang, Bosch, Handelsblatt, Miranda Murray, Friederike Heine Our Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Infineon, European, Intel, Thomson Locations: Hsinchu, Taiwan, German, Dresden, Saxony, Berlin, Europe, Brussels

☆ Russia's air force is barely able to leave its own airspace because Ukraine's defenses are so strong, UK intel says
▼ + stars: | 2023-08-07 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

The Russian Air Force continues to struggle against Ukraine's strong air defenses, UK intel said. Russia is attempting to throw basic free-fall bombs into Ukrainian territory instead. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyThe Russian Air Force is barely able to leave its own airspace because Ukraine's air defenses are so strong, according to UK intelligence. To compensate, Russia is sending adapted free-fall bombs into Ukrainian territory. Neither Russia nor Ukraine has been able to gain air superiority in the war so far despite Russia's vastly larger air force.

Persons: Insider's Christopher Woody, Johnny Stringer Organizations: Russian Air Force, intel, British Ministry of Defense, Service, Russian, MoD, Ukrainian, UK's MoD, Air Locations: Russia, Wall, Silicon, Ukraine, Russian

☆ Meet a millennial mom who resurrected her career with a 10-day crash course on semiconductors. She landed a new job, learned new skills, and says the pay outweighs long hours.
▼ + stars: | 2023-08-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +10 min

She enrolled in a 10-day semiconductor training course and landed a new job at Intel soon after. A few weeks later, she told Insider, she received an email about the "Quick Start" program — a 10-day crash course on how to be a semiconductor processing technician. The Quick Start program's website says that semiconductor companies will hire over 20,000 workers in Arizona in the coming years. Of 240 former Quick Start students who filled out an employment outcome form as of June 30th, 75, or 31%, said they had been "hired in field," per MCCC. "I start work at 5:45 AM, and I get off at 6:15 PM," she said.

Persons: Lisa Strothers, chipmakers, Strothers, Biden, Cesar Becerra, GlobalFoundries, —, Lisa Strothers Lisa Strothers, Intel's, she'd, Cesar Becerra Cesar Becerra, I'm, that's, there's Organizations: Intel, Schools, Service, Taiwan Semiconductor Manufacturing Company, Mesa Community College, Science, Deloitte, Micron, MCCC, Labor Statistics Locations: Wall, Silicon, Arizona, Arizona's Maricopa County, Maricopa County, China, Taiwan, Phoenix

☆ AI is being held up by a shortage of powerful chips
▼ + stars: | 2023-08-06 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

CNN —The crushing demand for AI has also revealed the limits of the global supply chain for powerful chips used to develop and field AI models. The latest sign of a potentially extended shortage in AI chips came in Microsoft’s annual report recently. In its May earnings call, Nvidia said it had “procured substantially higher supply for the second half of the year” to meet the rising demand for AI chips. AMD, meanwhile, said Tuesday it expects to unveil its answer to Nvidia’s AI GPUs closer to the end of the year. The chip shortage is expected to ease as more manufacturing comes online and as competitors to Nvidia also expand their offerings.

Persons: Microsoft’s, Sam Altman, Samuel Altman, OpenAI, Win McNamee, ” Altman, Raj Joshi, could’ve, ” Joshi, “, Joshi, ”, Lisa Su, we’ve, Sid Sheth, Biden, can’t, ” Sheth, Sheth Organizations: CNN, Microsoft, Privacy, Technology, Moody’s Investors Service, Nvidia, Intel, AMD Locations: Microsoft’s, Washington ,

☆ At least half of the 30,000 elite paratroopers Russia deployed in Ukraine have been killed or wounded, UK intel says
▼ + stars: | 2023-08-06 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Half of Russia's elite paratroopers in Ukraine have been killed or wounded in battle, UK intel said. It is unclear how exactly the figures were calculated by the British intelligence service. "More than 5,000 wounded paratroopers returned to the front after treatment, and more than 3,500 of our wounded refused to leave the front line," Teplinsky said. It is unclear how exactly the figures were calculated by the British intelligence service. Teplinsky video was eventually removed without explanation several hours later, likely at the request of the Kremlin's military leadership, Insider's Jake Epstein previously reported.

Persons: Russia's, Gen, Mikhail Teplinsky, Russian Ministry of Defense — Teplinsky, Teplinsky, Insider's Jake Epstein, — Organizations: intel, Service, British Ministry of Defense, Russia's VDV Airborne Forces, Zvezda —, Russian Ministry of Defense, BBC Russian Service Locations: Ukraine, Russian, Wall, Silicon, Russia

That has thrust Mr. Chang, and the company he created, into the spotlight. “It doesn’t make me feel particularly good,” said Mr. Chang, who retired in 2018 but still appears at TSMC events. Even as the rivalry for tech leadership intensifies, he does not give China much of a chance for semiconductor supremacy. “We control all the choke points,” Mr. Chang said, referring collectively to the United States and its chip-making allies such as the Netherlands, Japan, South Korea and Taiwan. When TSMC stumbled after the 2008 financial crisis, he returned as chief executive at age 77 to take over again.

Persons: Chang, ”, “, ” Mr, TSMC Organizations: Samsung, Intel Locations: United States, China, Netherlands, Japan, South Korea, Taiwan, TSMC

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