FTXL

Intel Capital, the venture arm of Intel Corp (NASDAQ:INTC), is standing out as a notable foreign investor in Chinese AI and semiconductor startups. This comes as the $147 billion chipmaker is receiving major funding from Washington to compete technologically with Beijing. Intel's involvement in Chinese tech, particularly AI, has raised national security concerns in the U.S. Globally, the venture arm has deployed over $20 billion since the 1990s under the leadership of Anthony Lin in San Francisco. Intel Capital has stakes in 43 China-based tech startups. Since its formation, the venture fund has invested in over 120 Chinese companies, reported Financial Times. Earlier this yea

Intel Corp’s (NASDAQ:INTC) latest foray into the software realm is proving successful. According to Chief Technology Officer Greg Lavender, the company aims to achieve cumulative software revenue of $1 billion by the end of 2027. Intel generated over $100 million in software revenue in 2021, the year CEO Pat Gelsinger recruited Lavender from VMware to lead the chipmaker’s software initiatives. Since then, Intel has acquired three software firms. Lavender expressed his goal of reaching $1 billion in software and developer cloud subscription revenue, potentially achieving this target before the end of 2027, Reuters reported. Intel’s overall revenue was $54 billion in 2023. It offers a

Buildots, an Israel-based AI construction software company, has announced a $15 million investment led by Intel Inc’s (NASDAQ:INTC) Intel Capital, with participation from OG Tech Partners and previous investors. Lisa Cohen, Investment Director at Intel Capital, will join as a board observer. Buildots aims to address inefficiencies and enhance performance measurement in the construction industry. The company’s AI-powered progress tracking and advanced analytics software offer precise oversight, reducing delays and costs. “Intel Capital has recognized that the construction industry, a fundamental pillar of the global economy, has not yet fully benefited from the digital age,” said Roy

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is significantly expanding its operations in response to growing demand in the AI, 5G, server, and data center markets. The company remains engaged in its geographical expansion while maintaining Taiwan as its base. Acter Group Co, a semiconductor equipment and chemicals supplier, is accelerating its overseas expansion, primarily focusing on Japan and Southeast Asia to support these demands. The expansion is a strategic response to geopolitical risks and the need for diversified manufacturing sites, Taipei Times reports. Also Read: What’s Going On With Taiwan Semi Stock On Monday? Acter Group Co-President Wang Chun-sheng emphasi

Amazon.com Inc. (NASDAQ:AMZN) disclosed its plan to invest billions of dollars in Taiwan over the next 15 years. The investment aims to establish data centers, further expanding the company’s global footprint in Asia to meet the region’s increasing demand for cloud services. What Happened: Amazon Web Services, the cloud computing arm of the Seattle-based tech giant, revealed on Tuesday its intention to launch an AWS infrastructure region in Taiwan by early 2025, reported The Wall Street Journal. “The new infrastructure will enable organizations to unlock the full potential of the cloud and build with AWS technologies like compute, storage, databases, analytics, machine learning and art

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has significantly outperformed China’s largest chipmaker, Semiconductor Manufacturing International Corp (SMIC), this year, highlighting Beijing’s challenges in advancing its domestic chip industry. Despite China’s substantial semiconductor investment fund, Big Fund III, aimed at boosting local industry, SMIC needs to work on technological advancements, Bloomberg reports. China can produce 7-nanometer chips but aims to progress to 5nm amid U.S. export controls. TSMC, however, uses advanced extreme ultraviolet lithography to manufacture 3nm chips, a capability not accessible to China due to these restrictions. Also Read: Nvidia’s AI

Intel Corp (NASDAQ:INTC) has reportedly put on hold its ambitious plans to construct a $25-billion semiconductor facility in Israel. Intel highlighted the need to adapt large-scale endeavors to changing timelines, without directly referring to the project, according to a report from Reuters. “Israel continues to be one of our key global manufacturing and R&D sites and we remain fully committed to the region,” the report cited Intel. The company elaborated on the challenges of managing significant projects, especially in the semiconductor industry, which requires flexibility in planning due to fluctuating business climates and market dynamics. “Our decisions are based on business

Taiwan Semiconductor Manufacturing Co (NYSE:TSMC) saw a 30% increase in May sales, reaching $229.6 billion New Taiwan dollars ($7.1 billion), due to high demand for AI and recovering consumer electronics. As the world’s largest contract chipmaker, TSMC produces semiconductors for Nvidia Corp (NASDAQ:NVDA), which supplies companies like Microsoft Corp (NASDAQ:MSFT) and OpenAI, Bloomberg reports. Additionally, global smartphone sales rebounded in early 2023, boosting mobile chip orders. Also Read: Broadcom Rises As Top AI Chip Supplier After Nvidia, Thanks To Google And Meta Partnerships: Analyst TSMC maintains high margins, producing advanced AI accelerators for Nvidia and semic

On Thursday, Taiwan Semiconductor Manufacturing Co (NYSE:TSM) shares hit a record high due to the global AI frenzy. Additionally, TSMC is in talks with ASML Holding NV (NASDAQ:ASML) to acquire advanced lithography machines, expected by year-end. Meanwhile, Chinese AI chip firms are designing less powerful processors to comply with U.S. sanctions, underscoring the importance of TSMC. Recent reports indicated TSMC’s plans to raise the prices of its services. TSMC also announced a buyback of 3.25 million shares and plans for a $7.8 billion facility in Singapore with Vanguard International Semiconductor and NXP Semiconductors NV (NASDAQ:NXPI). TSMC’s surge followed Nvidia Corp

Intel Corp (NASDAQ:INTC) aims to maximize its chip exports to China, CEO Pat Gelsinger stated, cautioning that strict U.S. export controls might prompt China to develop its semiconductors. At the Computex tech trade show in Taipei, Gelsinger emphasized Intel’s ongoing efforts to export products, including Gaudi GPUs for AI computing, to China, the Nikkei Asia reports. He highlighted Intel’s technological advantage over Chinese rivals due to the absence of extreme ultraviolet lithography in China. Also Read: Intel Steps Up AI Game With Lunar Lake Chips For Microsoft Copilot+ PCs, New Data Center Rivals To AMD However, he warned that overly restrictive U.S. policies could backfire

Qualcomm Inc (NASDAQ:QCOM) boasts that its new chips will allow customers to operate their laptops extensively without concerns about battery life. San Diego-based Qualcomm is supplying the semiconductors for Microsoft Corp’s (NASDAQ:MSFT) latest Copilot+ PCs, which incorporate advanced AI features. Both companies highlighted the importance of Qualcomm's hardware in enabling these AI enhancements while maintaining long battery life, reported Bloomberg. Qualcomm CEO Cristiano Amon remarked at the Computex trade show that the collaboration is groundbreaking. He compared it to the significance of Windows 95. Amon emphasized that Windows laptops powered by Qualcomm's Snapdragon X El

The U.S.-China geopolitical tensions gained traction, with Applied Materials Inc (NASDAQ:AMAT) receiving another subpoena from the U.S. Department of Commerce in May seeking more information on China shipments. The Taiwan Semiconductor Manufacturing Co (NYSE:TSM) supplier received an SEC subpoena and two from the U.S. Attorney’s Office for the District of Massachusetts, Reuters reports.  In November 2023, the Commerce Department sent a subpoena seeking information relating to specific China customer shipments. Applied Materials is under U.S. criminal investigation for potentially evading export restrictions on China’s top chipmaker, Semiconductor Manufacturing International Corp

Intel Corp (NASDAQ:INTC) is reportedly in advanced talks for a transaction in which Apollo Global Management, Inc. (NYSE:APO) would supply more than $11 billion to help the chip giant build a plant in Ireland. The two companies are in exclusive negotiations for a deal that could materialize in the upcoming weeks, barring any unexpected obstacles, according to a report from the Wall Street Journal. Previously, several other investment firms, such as KKR & Co Inc (NYSE:KKR) and Stonepeak, were also contenders until Apollo gained the lead, the report mentioned. Chief Executive Pat Gelsinger is overseeing Intel’s expansion, constructing or enhancing facilities in Arizona, Ohio, and Irel

Intel Corp (NASDAQ:INTC) disclosed in a regulatory filing that it expects revenue for the second quarter of 2024 to remain in the original range of $12.5 billion to $13.5 billion but below the midpoint. The analyst view stands at $13.031 billion. The move reflects the U.S. Department of Commerce revoking certain licenses for exports of consumer-related items to a customer in China. Related: Biden Administration Tightens Grip On China’s Huawei, Revokes Key Export Licenses From US Chipmakers For full year 2024, the company continues to expect revenue and earnings per share to grow year-over-year compared to 2023. Following the ban, the U.S. revoked licenses allowing Huawei to purch

Piper Sandler analyst Harsh V. Kumar reiterated a Neutral rating on Microchip Technology Inc (NASDAQ:MCHP) with a price target of $80 on April 26. The re-rating reflected the timing of a potential macro recovery. Kumar noted that the company is continuing the inventory-clearing process and positioning itself for a recovery in the second half of the year for most of its business.  Also Read: Marvell Analyst Tags Stock as Top Pick for AI Boom, Predicts Significant Industry Upswing Specifically, inventory clearances are progressing in the auto and industrial industries, and management is seeing green shoots in these markets.  The analyst noted that management intends to significa

Benchmark analyst Cody Acree initiated coverage on Qualcomm Inc (NASDAQ:QCOM) with a Buy rating and a price target of $200. Qualcomm is particularly well positioned to capitalize on the industry's trends of shifting AI computational inferencing workloads to the very edges of the network, where the company is leveraging its strengths in wireless connectivity and computing to lead the market in the ramp of generative AI smartphones and AI-PCs, with both likely sparking long-term replacement cycles in their respective markets, Acree said.  He noted that these replacement cycles should counter investor concerns of core market stagnation.  Also Read: Microsoft Set to Unveil Qualcomm-Powe

Intel Corporation (NASDAQ:INTC) said on Wednesday that it is bringing its AI platforms to the Olympic and Paralympic Games 2024. Intel will implement artificial intelligence technology powered by Intel processors to bolster the end-to-end 8K live streaming experience. In addition, Intel highlighted that it will provide an “immersive sports experience” to measure athletic potential. Intel will create an interactive, AI-powered fan activation to take spectators on a journey of becoming an Olympic athlete.  “This summer, Intel will accelerate its mission of bringing AI Everywhere using Intel solutions at Paris 2024, showcasing the powerful potential of technology and AI to create im

Intel Corp (NASDAQ:INTC) is looking to launch two artificial intelligence chips with diminished capabilities so that China can comply with U.S. semiconductor sanctions. Intel’s two chips, HL-328 and HL-388, will likely launch in June and September. Nvidia Corp (NASDAQ:NVDA) is also eyeing three China-specific chips after the U.S. tightened its semiconductor embargo on China by including advanced AI chips, Reuters reports. Intel’s China-specific AI chips are based on the company’s latest Gaudi 3 product line. They have similar hardware features, including on-chip memory, high-bandwidth memory, and interface standards. Also Read: Intel and AMD Clash Over Huawei Chip Sales, Highligh

Intel Corporation (NASDAQ:INTC) shares are trading lower in the premarket session on Wednesday. The company expanded its pact with Infosys Limited (NYSE:INFY) to assist global enterprises in accelerating their AI journeys.  The advanced artificial intelligence (AI) solutions offered as a part of this collaboration will aim to help businesses become cost effective and performance driven while being responsible by design. Infosys Topaz, an AI-centric suite aiding businesses in leveraging generative AI, will incorporate Intel’s solutions like Xeon processors, Gaudi accelerators, and Core Ultra Processors.  According to Benzinga Pro, INFY stock has gained over 7% in the past year. In

On Wednesday, Micron Technology, Inc. (NASDAQ:MU) said it has qualified a full suite of its automotive-grade memory and storage solutions for Qualcomm Incorporated‘s (NASDAQ:QCOM) Snapdragon Digital Chassis. Micron and Qualcomm Technologies collaborate to advance AI-powered intelligent vehicle development for the next generation. Qualcomm’s Snapdragon Digital Chassis is a comprehensive set of cloud-connected platforms designed to power data-rich, intelligent automotive services.  According to Benzinga Pro, QCOM stock has gained over 41% in the past year. Investors can gain exposure to the stock via First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) and Invesco PHLX Semiconductor ETF

Intel Vision 2024 showcased Intel Corp’s (NASDAQ:INTC) ambitious strides in generative AI (GenAI) with the launch of the Intel Gaudi 3 accelerator, designed to enhance performance, openness, and choice for enterprise GenAI applications.  Amidst the challenge of scaling AI initiatives, where only 10% of enterprises successfully moved GenAI projects into production last year, Intel’s new offerings aim to address these hurdles, providing solutions for businesses to overcome obstacles in scaling AI efforts. At the event held in Phoenix, Arizona, Intel highlighted the critical role of silicon in the rapid advancement of innovation. CEO Pat Gelsinger emphasized Intel’s efforts to democratize

Due to insufficient government funding, Applied Materials Inc (NASDAQ:AMAT) may reconsider or abandon its plan to establish a $4 billion research and development facility in Silicon Valley.  As of March 29, the Biden administration has decided against financing the construction or refurbishment of semiconductor R&D facilities.  This shift comes amid a global semiconductor shortage that has disrupted supply chains across various industries.  Despite President Joe Biden signing a bill in late 2022 allocating $52.7 billion for domestic semiconductor research and manufacturing, a recent appropriations bill redirected a portion of these funds, impacting Bay Area companies not directly ma

Susquehanna analyst Christopher Rolland maintained Intel Corp (NASDAQ:INTC) with a Neutral and a $42 price target. The analyst listed critical takeaways from his first-quarter 2024 PC-SIGnals Intel laptop CPU share improved by +1.2% sequentially, at the highest level since the first quarter of 2022, he noted due to Meteor Lake beginning to ramp (albeit slowly) and Raptor Lake refresh, while Advanced Micro Devices, Inc (NASDAQ:AMD) lacks a new CPU. Meteor Lake only represented ~0.2% of the Intel laptop mix (only one SKU from Acer and one from Asus, 11 total SKUs) after launching in December, consistent with Rolland’s checks that suggested MTL is taking longer to ramp than expected. I

Former Intel Corp (NASDAQ:INTC) CFO Stacy Smith looks to rejoin the company as a board member, stepping into a crucial role amid Intel’s efforts to navigate a significant comeback.  Intel announced on Wednesday that the 61-year-old executive, currently the executive chairman of Kioxia Corp, a Japanese memory chipmaker, will serve on the audit and finance committee effective immediately. Smith, who left Intel in 2018 after an extensive career spanning nearly three decades, including a stint as CFO from 2007 to 2016, brings a wealth of experience, Bloomberg reports. His return marks a strategic addition to Intel’s board, especially when the company strives to regain its technological

Wedbush analyst Matt Bryson maintained Micron Technology Inc (NASDAQ:MU) with an Outperform and raised the price target from $95 to $103. Micron looks to report its quarterly earnings on March 20, with expectations set high due to the strong movement in DRAM and NAND prices.  The analyst said the company will likely exceed its initial guidance, bolstered by higher retail, spot, and forward contract prices than previously forecasted.  Also Read: Nvidia Tops in Popularity Among S&P 500 Semiconductor Stocks, Analyst Sees Room for Growth This optimism is reflected in adjusted estimates for the February quarter, where DRAM and NAND pricing will likely see a significant rise, with DRAM