According to a report from South Korean media outlet BusinessKorea citing sources, Samsung Electronics is said to be planning to reduce its procurement of ASML's next-generation Extreme Ultraviolet (EUV) lithography equipment. Additionally, their joint plan to build a research and development cente...

The People's Bank of China (PBOC) announced on August 20 that the 1-year and 5-year Loan Prime Rates (LPR) would remain unchanged at 3.35% and 3.85%, respectively, in line with market expectations. In July, the PBOC had lowered the 7-day reverse repo rate, leading to a 10 basis point reduction in bo...

On August 19, AMD announced its acquisition of ZT Systems, a cloud computing and AI data center equipment designer, for a total value of USD 4.9 billion. This move is intended to strengthen AMD's AI computing capabilities, while hinting at its challenge to NVIDIA's dominance in the AI market. AMD...

On August 16, the U.S. government announced a preliminary agreement with Texas Instruments (TI) to propose up to USD 1.6 billion in direct funding through the CHIPS and Science Act to support three 300mm semiconductor wafer fabrication plants (Fabs) under construction in Texas and Utah. Two of them ...

As global competition heats up in the AI sector, an emerging power has now joining the battlefield. Ola, an automotive manufacturer in India, plans to launch the country’s first in-house AI chip by 2026, which is based on ARM architecture, according to a report by Wccftech. Though there are mor...