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Business

“Chipmaker Broadcom sells remote-access unit to KKR in $4 billion deal”

“Chipmaker Broadcom is selling a unit that allows users to access desktops and applications from any device to private-equity firm KKR in a $4-billion deal to streamline its portfolio after the $69-billion purchase of VMware last year. The end-user computing… Continue Reading…

Business

“China’s largest chipmaker SMIC posts a 80% drop in third-quarter profit”

“China’s largest chipmaker SMIC on Thursday posted a 80% drop in third-quarter profit as global demand weakness hit foundries hard. Net income for the quarter ended September plunged 80% compared to a year ago — larger than the 64% drop posted in second quarter… Continue Reading…

Business, Stocks

“Nvidia earnings [Up,] scare away AMD, Intel investors as legacy chipmakers lose ground in AI

“Developers in the world of artificial intelligence can’t get enough of Nvidia’s processors. Demand is so strong that the company said late Wednesday that revenue in the current quarter will jump 170% to roughly $16 billion. Nvidia shares rose more than 2% on Thursday before slumping… Continue Reading…

Economy

“Apple chipmaker TSMC warns Taiwan-China war would make everybody losers”

“If China were to invade Taiwan, the most-advanced chip factory in the world would be rendered “not operable,” TSMC Chair Mark Liu said in an English-language interview with CNN this week. In the undated interview, Liu said that if Taiwan were… Continue Reading…

Stocks

“SMIC, China’s largest chipmaker, plunges 23%…”

“GUANGZHOU, China — Shares of Semiconductor Manufacturing International Corp (SMIC), China’s biggest contract chipmaker, plunged over 23% on Monday, after the U.S. government said it was considering putting export restrictions on the company.  The firm’s Hong Kong-listed shares plummeted by 22.88% to… Continue Reading…