The Bank of Canada announced a 50 basis point rate cut to 3.75% on October 23, in line with market expectations, marking the largest rate reduction since the onset of the COVID-19 pandemic in March 2020. Read more at Datatrack Bank of Canada Governor Tiff Macklem stated that price pressures are ...

According to a report from the Reuters, NVIDIA CEO Jensen Huang stated that the design flaw in the Blackwell GPU was entirely NVIDIA's fault, dispelling rumors that TSMC was to blame. Huang emphasized that TSMC help fix the problem and resume the manufacturing “at an incredible pace.” When in...

U.S. existing home sales in September fell by 1% month-on-month and 3.5% year-on-year to 3.84 million units, near a 14-year low, according to data released by the National Association of Realtors (NAR). Read more at Datatrack   The existing home inventory increased by 1.5% in September t...

As Qualcomm unveiled the Snapdragon 8 Elite chipset earlier this week, Samsung, which has been working on its in-house Exynos 2500 to improve the 3nm yield, is said to abandon the plan and go Snapdragon 8 Elite only for the entire Galaxy S25 series. To turn the tide, it is reportedly embarking on th...

Netherlands-based chip equipment maker ASML recently announced a reduction in orders for its 2025 forecast, leading to a sharp decline in its shares. The industry is concerned about ASML's revenue from China. According to Wccftech, ASML’s CEO Christophe Fouquet mentioned that China’s typical...