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☆ Apple just released its big annual iPhone update. Here's what's new and how to install it
▼ + stars: | 2023-09-18 | by ( Kif Leswing | ) www.cnbc.com time to read: 1 min

Apple CEO Tim Cook (L) looks at brand new Apple products during an Apple event on September 12, 2023 in Cupertino, California. Apple released iOS 17 for iPhones on Monday. It's Apple's biggest software update of the year, and is available for anyone with an iPhone from 2018 or later. This year's update has a lot of improvements to some of the most used apps, including the Phone app, Messages and Safari. There are a lot of changes, but here are some of the highlights you need to know about:

Persons: Tim Cook, It's Organizations: Apple, iPhones Locations: Cupertino , California

SoftBank CFO Yoshimitsu Goto and Arm Holdings CEO Rene Haas pose for a photo at the Nasdaq MarketSite on September 14, 2023 in New York City. Shares of chip design company Arm Holdings started trading on the Nasdaq Thursday morning in a long-anticipated IPO at a share price of $56.10, valuing the company at $59.9 billion. Arm Holdings sold around 95.5 million shares on the Nasdaq. Softbank, which took the company private in 2016, will control around 90% of Arm's shares outstanding. At a $54 billion valuation, Arm's price-to-earnings multiple would be about 104 based on the most recent fiscal year profit.

Persons: Yoshimitsu Goto, Rene Haas, Arm, Masayoshi Son Organizations: Arm, Nasdaq, Arm Holdings, Apple, Google, Samsung, CNBC Locations: New York City, British

☆ Arm is trading at a premium to Nvidia after IPO pop even though it's a 'no-growth company'
▼ + stars: | 2023-09-14 | by ( Ari Levy | ) www.cnbc.com time to read: +5 min

Arm CEO Rene Haas and executives cheer, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Arm's Nasdaq debut on Thursday looks good for SoftBank, which just spun the company out after acquiring it in 2016. The UK-based chip design company saw its stock jump 25% to $63.59 after its IPO, lifting the company's fully diluted market cap to almost $68 billion. For now, there's not a big open market for Arm's stock. Of the $4.9 billion worth of shares SoftBank sold, $735 million were purchased by a group of strategic investors including Apple , Google , Nvidia, Samsung and Intel .

Persons: Rene Haas, Jay Ritter, there's, SoftBank, Masayoshi Son, We've, CNBC's David Faber, Matt Oguz, it's, —, Oguz, Kif Leswing, SoftBank's Masayoshi, Arm's Rene Haas Organizations: Nasdaq, Wall, Nvidia, Semiconductor, U.S, University of Florida, Apple, Google, Samsung, Intel, Venture Science, AMD Locations: New York, U.S

Arm, the chip design firm that supplies core technology to companies including Apple and Nvidia , priced its initial public offering at $51 a share. Arm's fully diluted market cap, which includes outstanding restricted stock units, is over $54 billion at the $51 offer price. Arm's valuation for a chip company is exceedingly rich when compared to any player in the market other than Nvidia. At $54 billion, Arm would carry a price-to-earnings multiple of about 104, based on profit in the latest fiscal year. Correction: A prior version of this story had the incorrect IPO priceWATCH: Arm reportedly prices IPO at $52 per share

Organizations: Apple, Nvidia, Nasdaq, Semiconductor, U.S, Google, Samsung, AMD, Intel, Taiwan Semiconductor Manufacturing Company

Arm, the chip design firm that supplies core technology to firms including Apple and Nvidia , priced its IPO at $52 a share, according to a source familiar with the matter. Arm is listing at least 95.5 million American depository shares on the Nasdaq, and SoftBank, its current owner, will control about 90% of the company's outstanding shares. The offering is priced above Arm's expected price range of $47 to $51. It's set to be the biggest technology IPO of the year. Arm's instruction set uses less power than the x86 architecture used in PC and server chips by Intel and AMD.

Organizations: Apple, Nvidia, Nasdaq, Google, Samsung, AMD, Intel, Taiwan Semiconductor Manufacturing Company

☆ There's one reason I'd upgrade to the iPhone 15 Pro after trying it, even though I already have last year's
▼ + stars: | 2023-09-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +5 min

There are four new models, ranging from the entry-level iPhone 15 at $799 to the iPhone 15 Pro Max, which costs at least $1199. Apple says that the 6-inch iPhone 15 Pro is 187 grams, or 9% lighter than last year's model. The iPhone 15 Pro Max, with a bigger 6.7-inch screen, weighs 8% less. Other notes from the iPhone 15 hands-onThe new Apple iPhone 15, with EU ordered USB-C charger, is displayed amongst other new products during a launch event at Apple Park in Cupertino, California, on September 12, 2023. The iPhone 15 Pro Max did get a $100 price increase, now starting at $1,199 in the U.S., although you get more storage at the entry level.

Persons: Leswing, Max, haven't, Nic Coury, They've Organizations: CNBC, Leswing Apple, Apple, Pro Max, EU, AFP, Getty, Pro Locations: Cupertino , California, U.S

Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Apple is holding its annual iPhone launch event Tuesday at Apple Park, its headquarters in Cupertino, California. The company is expected to announce new iPhone models, as well as new Apple Watches and AirPods, according to reports from Bloomberg News, Wall Street analysts and TF International Securities hardware analyst Ming-Chi Kuo. Last year, the launch event duration was about an hour and a half. We'll post live updates below, and you can also watch the Apple event YouTube live stream right here.

Persons: Tim Cook, Ming, Chi Kuo, Here's what's Organizations: Apple, Apple's Worldwide, Bloomberg News, Wall Street, TF International Securities, CNBC Locations: Cupertino , California

☆ Qualcomm says it will supply Apple with 5G modems for iPhones through 2026
▼ + stars: | 2023-09-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Qualcomm said Monday that it will supply Apple with 5G modems for smartphones through 2026. Wall Street analysts and Qualcomm officials had previously said they expected Apple to use an internally developed 5G modem starting in 2024. Qualcomm currently supplies Apple with 5G modems for its iPhones, but Apple has been working to build its own modems to move away from Qualcomm chips. A Qualcomm official said the company was not updating its guidance to take in account the Apple sales. Apple is expected to announce new iPhones, likely called iPhone 15, on Tuesday, which will use Qualcomm modems.

Persons: TechInsights Organizations: Apple, Qualcomm, Wall Street, UBS, Intel, CNBC Locations: Hangzhou, East China's Zhejiang province, China, United States

☆ Stocks making the biggest moves premarket: Qualcomm, Tesla, Hostess and more
▼ + stars: | 2023-09-11 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Alibaba — Shares lost 1% after outgoing CEO Daniel Zhang unexpectedly quit its cloud business. In June, the company had said Zhang was leaving as chairman and CEO of Alibaba Group to focus on the cloud intelligence unit. Qualcomm — The semiconductor stock jumped 7.4% premarket after saying Monday it will supply Apple with 5G modems for smartphones through 2026. The Wall Street firm said the slide in the Band-Aid maker has created an attractive entry point. The Wall Street firm called software and services revenue the "biggest value driver" for Tesla.

Persons: Alibaba —, Daniel Zhang, Zhang, Tesla, Morgan Stanley, —, Smucker, Alex Harring, Hakyung Kim, Michelle Fox Theobald, Samantha Subin, Sarah Min, Kif Leswing Organizations: Tenable Holdings, JPMorgan, Alibaba Group, Qualcomm, Apple, Deutsche Bank, Oracle, Hostess Brands, Meta, Wall Street

☆ Sundar Pichai says Google and Nvidia will still be working together 10 years from now
▼ + stars: | 2023-09-11 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Sundar Pichai said Google 's longstanding relationship with chipmaker Nvidia isn't going to change any time soon — in fact, he expects it to continue over the next 10 years. "Look, the semiconductor industry is a very dynamic, cooperative industry," Pichai said. I feel comfortable about our relationship with Nvidia and that we are going to be working closely with them 10 years from now." In the interview with Wired, Pichai described AI as "one of the most profound technologies we will ever work on." As of Monday morning, Nvidia's stock is up nearly 212% year to date.

Persons: Sundar Pichai, Pichai, Kif Leswing Organizations: Google, Nvidia, Android, Microsoft, Wired

☆ Apple's iPhone 15 event kicks off on Tuesday. Here's what to expect
▼ + stars: | 2023-09-08 | by ( Kif Leswing | ) www.cnbc.com time to read: +7 min

Last year, Apple announced new iPhones, Apple Watches, and updated AirPods at its September event. Here's what to expect from this year's edition:iPhone 15: USB-C and titaniumApple's invite to its Sept. 12 event. This year, the biggest change is expected to be a USB-C charging port, replacing Apple's proprietary Lightning port, which was introduced in 2012 as the iPhone charger "for the next decade." A USB-C charging port on iPhones will match the same charging port on Android phones, newer laptops, iPads, wireless headphones, and other gadgets. The change is being spurred by new European regulations which require a common charging port.

Persons: Tim Cook, Carlos Barria, Ming, Chi Kuo, Greg Joswiak, Apple's, Jakub Porzyck, Sofia Pitt, Apple, AirPods, Todd Haselton Organizations: Reuters Apple, Apple, YouTube, Apple's, Huawei, Vision, CNBC, Apple Apple, Bloomberg News, TF International Securities, Wall Street, Union, Nurphoto, Getty, Bloomberg, U.S, Apple Watch, Sofia Pitt Last Locations: Cupertino , California, iPhones

☆ Apple shares fall after reports that China banned iPhone use by government employees
▼ + stars: | 2023-09-07 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018. Apple shares fell about 3% on Thursday, following a 4% decline on Wednesday, after several reports suggesting that Chinese government workers could be banned from using iPhones. Greater China, including Hong Kong and Taiwan, is Apple's third-largest market, accounting for 18% of total revenue of $394 billion. It's also where the vast majority of Apple products are assembled. The ban could spread to other state companies and government-backed agencies, Bloomberg News reported on Thursday.

Persons: Tim Cook, It's, Bernstein, Toni Sacconaghi, Sacconaghi, Dan Niles Organizations: Apple, China Development Forum, U.S, Street, Bloomberg, Huawei Locations: Diaoyutai, Beijing, China, Greater China, Hong Kong, Taiwan

☆ Apple and Arm sign deal for chip technology that goes beyond 2040
▼ + stars: | 2023-09-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Components manufactured by Arm sit inside a demonstration ARMmbed parking meter on display on the second day of Mobile World Congress in Barcelona, Feb. 28, 2017. Apple has struck a deal with Arm through 2040 and "beyond," Arm said in a U.S. Securities and Exchange Commission filing Tuesday. The news indicates that Apple has secured access to a core piece of intellectual property, the Arm architecture, used in its iPhone and Mac chips, for the foreseeable future. "Further, we have entered into a new long-term agreement with Apple that extends beyond 2040, continuing our longstanding relationship of collaboration with Apple and Apple's access to the Arm architecture," Arm said in its updated SEC filing. Arm's architecture is used in nearly every smartphone chip, including Apple's A-series for iPhones.

Organizations: Mobile, Apple, U.S . Securities, Exchange Commission, Nasdaq, SEC, Intel, AMD Locations: Barcelona

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Qualcomm is betting big on AI and auto to hold onto wireless dominanceQualcomm long reigned as the world's biggest fabless chip company, pioneering the cellular age and making the modems inside nearly every smartphone today. But ChatGPT sent Nvidia's revenue soaring past Qualcomm's in August, and Apple is working on its own modems for iPhones in 2024. Now, Qualcomm is diversifying into smart cars, chips for VR headsets and a push to power generative AI off the cloud. CNBC got a look at Qualcomm's chip lab in San Diego to learn more.

Persons: ChatGPT Organizations: Qualcomm, Apple, CNBC Locations: San Diego

☆ Qualcomm banks on AI to get a bigger share of the automotive chip market
▼ + stars: | 2023-08-31 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Qualcomm is best known for the chips and modems inside Android phones. But in recent years, it's also started selling a package of hardware chips, sensors and software called Snapdragon Digital Chassis to automakers like GM , Hyundai and Volvo. It reported $1.32 billion in sales in its fiscal 2022, or about 3% of the company’s overall sales. Qualcomm makes between $200 and $3,000 per car that use its chips and software, officials said last fall at an investor event. Qualcomm faces stiff competition from other chipmakers in the car chip business.

Persons: it's Organizations: Qualcomm, GM, Hyundai, Volvo, Apple, Android, Computer, Intel, Nvidia, NXP Semiconductors, Bosch

☆ Nvidia's stock closes at record after Google AI partnership
▼ + stars: | 2023-08-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Nvidia President and CEO Jensen Huang speaks at the COMPUTEX forum in Taiwan, May 28, 2023. Nvidia shares rose 4.2% Tuesday to close at a record, after the chipmaker announced a partnership with Google that could expand distribution of its artificial intelligence technology. The day after the better-than-expected earnings report, the stock climbed to a record intraday high of $502.66 before retreating in the afternoon. On Tuesday, Nvidia CEO Jensen Huang appeared at a Google conference to tout an AI agreement between the two companies. Through the partnership, Google's cloud customers will have greater access to technology powered by Nvidia's powerful H100 GPUs.

Persons: Jensen Huang, Huang Organizations: Nvidia, Google, Facebook, Meta, Microsoft Locations: Taiwan

☆ Apple sends invites for Sept. 12 launch event, new iPhone 15 expected
▼ + stars: | 2023-08-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple announced that it will hold a press event on its headquarters in Cupertino, California on Sept. 12, where the company is expected to announce new iPhones. The launch event will be streamed on Apple's website at 1 p.m ET. Apple has used pre-recorded videos to launch its iPhones since 2020. The company could also announce new Apple Watch models at the event, including an updated version of the high-end Apple Watch Ultra. Apple also typically releases the new version of iOS for iPhones at the September event.

Organizations: Apple, European Union, iPhones Locations: Cupertino , California

☆ Nvidia earnings scare away AMD, Intel investors as legacy chipmakers lose ground in AI
▼ + stars: | 2023-08-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Developers in the world of artificial intelligence can't get enough of Nvidia's processors. "NVDA Data Center revenues are now expected to be more than double INTC+AMD Data Center revenues combined, underscoring the growing importance of accelerators for today's Data Center customers," Deutsche Bank analyst Ross Seymore wrote in a note on Thursday. Nvidia is now expected to post $12 billion in data center sales in the current quarter, according to FactSet data. AMD and Intel are trying to stay relevant in the AI market, but it's a struggle. Like Intel, AMD faces a timing challenge.

Persons: Nvidia's, Ross Seymore, Pat Gelsinger, it's, Raj Joshi, Morgan Stanley, Joseph Moore, Moore Organizations: Nvidia, AMD, Intel, Meta, Microsoft, today's Data Center, Deutsche Bank, Moody's Investors Services, Marvel Locations: French

☆ Google, Amazon, Nvidia and other tech giants invest in AI startup Hugging Face, sending its valuation to $4.5 billion
▼ + stars: | 2023-08-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Hugging Face, an AI firm based in New York, has raised $235 million at a $4.5 billion valuation from some of technology's biggest companies. Hugging Face CEO Clement Delangue said the funds are to be focused on hiring talent to be competitive in the artificial intelligence space. He hopes that AI developers will rely on Hugging Face on a daily basis to get their work done. And if all of them use Hugging Face all day, every day, we'll obviously be in a good position," he said. Hugging Face hosts 500,000 different AI models, 250,000 data sets, and has 10,000 paying customers, the company said.

Persons: Clement Delangue, OpenAI, BLOOM, Delangue Organizations: Google, Nvidia, Salesforce, AMD, Intel, IBM, Qualcomm, Microsoft, Facebook, Meta, CNBC, IDEFICS Locations: New York

☆ Apple backs California right-to-repair bill in major policy shift
▼ + stars: | 2023-08-24 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

Apple is now backing a California right-to-repair bill, a major shift in the company's attitude toward the movement and a potential boon for the environment, according to a letter obtained by CNBC. California Senate Bill 244 would require manufacturers such as Apple to allow customers to fix their broken or damaged devices. I'm grateful for their engagement on this issue and for leading among their peers when it comes to supporting access to repair," Eggman told CNBC. We create our products to last and, if they ever need to be repaired, Apple customers have a growing range of safe, high-quality repair options," Apple said in a statement to CNBC. Apple left the door open to supporting further expansion of right-to-repair in the letter to Eggman.

Persons: Tim Cook, Bill, Sen, Susan Talamantes Eggman, Eggman, David Stammerjohan, Stammerjohan, Apple, —, Kif Leswing Organizations: Apple, CNBC ., CNBC, TechCrunch, Apple's, Service Locations: Mumbai, India, California, CNBC . California, New York

☆ CNBC Daily Open: Nvidia underpromises and massively overdelivers
▼ + stars: | 2023-08-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

David Paul Morris | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. A year ago, Nvidia CEO Jensen Huang promised investors the company is "navigating our supply chain transitions in a challenging macro environment and we will get through this." Hum goes on to suggest it's possible that, three months later, Nvidia reports revenue of $18 billion to $19 billion. That's almost $3 billion more than the $16 billion Nvidia said it expects.

Persons: Jensen Huang, David Paul Morris, bluster, Dan Ives, Robert Hum, Chaim Siegel, Elazar, —, Kif Leswing Organizations: Nvidia, Bloomberg, Getty, CNBC, Wedbush Securities, Elazar Advisors Locations: Las Vegas

☆ Nvidia's blowout earnings report shows chipmaker is gobbling up all the profit in AI
▼ + stars: | 2023-08-23 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

About half of Nvidia's data center revenue comes from cloud providers, followed by big internet companies. The growth in Nvidia's data center business was in "compute," or AI chips, which grew 195% during the quarter, more than the overall business's growth of 171%. Some startups have even gone into debt to buy Nvidia GPUs in hopes of renting them out for a profit in the coming months. On an earnings call with analysts, Nvidia officials gave some perspective about why its data center chips are so profitable. Nvidia's AI software, called Cuda, is cited by analysts as the primary reason why customers can't easily switch to competitors like AMD .

Persons: Jen, Hsun Huang, Huang, Chaim Siegel, Elazar, OpenAI, Meta, Colette Kress, Raymond James, H100s, Jensen Huang Organizations: Consumer, Audi, Nvidia, Elazar Advisors, Microsoft, AMD, Center Locations: Las Vegas, USA

☆ Nvidia's earnings Wednesday will be a big test for AI bulls
▼ + stars: | 2023-08-23 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Revenue: $11.22 billion, according to Refinitiv. A closer look at estimates shows just how reliant Nvidia has become on AI chips. By contrast, Nvidia's Datacenter group, which houses AI chips, is looking at a 111% increase in revenue to $8.03 billion, according to estimates. Nvidia's AI chips, including the A100 and H100, have been difficult to purchase in recent months as startups, big companies, governments and cloud providers all have placed orders. Last year, the U.S. placed export restrictions on Nvidia, which forced the company to make specialized, slower versions of its AI chips for the Chinese market.

Persons: Jensen Huang, StreetAccount, chatbot, Nvidia's, Huang, TSMC, Morris Chang, Biden Organizations: Nvidia, Facebook, Meta, Taiwan Semiconductor Manufacturing Locations: Taipei, Refinitiv, China, U.S

☆ What ARM's expected debut means for the IPO market and SoftBank
▼ + stars: | 2023-08-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Its debut will be a big deal for an IPO market that's been in the doldrums since 2022, but the company's listing has big implications for SoftBank as well. SoftBank agreed to acquire Arm in 2016 for $32 billion, which at the time was the biggest-ever purchase of a European technology company. The unit also swung to a 9.5 billion yen loss, having made a profit of 29.8 billion yen in the same period a year earlier. SoftBank said its Vision Fund booked an investment gain of 159.8 billion yen, its first gain in five consecutive quarters. In July, the company led a $65 million investment in U.K. insurance technology company Tractable.

Persons: Son, Tomohiro Ohsumi, SoftBank, It's, Rene Haas, Haas, Nvidia SoftBank, Arm, Grace Hopper, Didi, Uber, Yoshimitsu Goto, Leswing Organizations: SoftBank Group Corp, ARM Holdings, Bloomberg, Getty, Apple, reining, Acorn Computers, Acorn, Machines, VLSI Technology, CNBC, ARM, Nvidia, Vision, Investors, AMD, Vision Fund Locations: Tokyo, Cambridge, England, Switzerland, European, Europe, U.S, London, New York

Arm, the chip designer owned by Japan's SoftBank, filed for a Nasdaq listing on Monday, positioning itself to go public during a historically slow period for tech IPOs. Arm's 2023 revenue was slightly down from the company's 2022 sales of $2.7 billion. Arm chips are made by companies including Amazon, Alphabet, AMD, Intel, Nvidia, Qualcomm, and Samsung, according to the filing. Arm said that its technology was included in over 30 billion chips shipped in its fiscal 2023. SoftBank originally sought to sell Arm to chip giant Nvidia , but the deal faced major pushback from regulators, who raised concerns over competition and national security.

Persons: Japan's SoftBank, confidentially, SoftBank Organizations: London Stock Exchange, AMD, Intel, Nvidia, Qualcomm, Samsung Locations: U.S

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