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2024-09-02

[News] China’s Manufacturing PMI Contracts for Fourth Straight Month, Falling to 49.1 in August

    Summary:  Manufacturing PMI Remains in Contraction Non-Manufacturing PMI Slight Increase   China's manufacturing PMI continued to decline, as reported by the National Bureau of Statistics of China on August 31. The manufacturing PMI decreased from 49.4 i...

2024-09-02

[News] Intel Reportedly Mulls to Sell FPGA Unit Altera and Freeze USD 32 Billion German Project amid Crisis

Last week, rumors have been circulating that Intel has been working with investment bankers on options to navigate the company through potholes. Latest update: options may include selling off its FPGA unit Altera and putting a halt to its USD 32 billion investment project in Germany, according to th...

2024-09-02

[News] NVIDIA and Apple May Follow Microsoft’s Footsteps in the New Round of OpenAI Investment

The Wall Street Journal reported that OpenAI is in talks for a new round of funding, with tech giants Apple and NVIDIA both interested in investing in the AI research company OpenAI. It’s reported that this investment will be part of OpenAI's new round of financing, which will bring its estimat...

2024-09-02

[News] A 8-Inch SiC Wafer Fab Co-Built by San’an and ST to Start Production Soon

As per Chongqing News Broadcast, the San'an-ST project, with a total investment of approximately CNY 30 billion, is close to completion. The substrate factory is expected to start production this month, two months ahead of schedule. The project, jointly developed by Chongqing San'an and ST, inclu...

2024-08-30

[News] Intel Reportedly Considering Foundry Spin-Off or Merger to Mitigate Losses

In a report by Bloomberg on August 29 citing sources, it’s rumored that Intel Corp. is working with investment bankers to navigate what is described as the most challenging period in its 56-year history. Reportedly, Intel is said to be exploring various options, including spinning off its produ...

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