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2024-10-17

[News] UK Inflation Falls Within Target Range in September, Fuels Market Expectations for Rate Cuts

UK CPI fell within the target range in September, according to data released by the UK Office for National Statistics on October 16. The CPI increased by 1.7% year-over-year in September, down from 2.2% in the previous month and below the market expectation of 1.9%, marking the lowest level since Ap...

2024-10-17

[News] Intel Begins Major Layoffs in Oregon, Cutting 1,300 Jobs as Part of Its 15% Workforce Reduction Plan

Intel, having given a heads-up that it plans to let go 15,000 employees by year-end, has reportedly fired the first shot. According to Tom’s Hardware, the struggling giant has started issuing formal layoff notices to 1,300 employees at its Gordon Moore Park facility in Oregon. The report notes ...

2024-10-17

[News] Samsung Reportedly Seeks Transformation Tips from Japanese Peers like Sony and Hitachi

Any suggestions for Samsung to get out of the rut? The remedy for its slow transformation may be hidden in the experience of Japanese peers. According to reports by Nikkei and Korea media outlet edaily, Samsung has begun researching Japanese companies, led by its Future Business Planning Division. ...

2024-10-17

[News] GPU Frenzy: Memory Giants Battle for HBM3e

The AI wave continues to fuel surging demand for AI chips. Following reports of HBM sellouts and manufacturers ramping up production to meet demand, recent news reveals that Nvidia's Blackwell architecture GPUs are also in short supply.   Nvidia's Blackwell GPUs Sold Out for the Next 12 M...

2024-10-16

[News] Samsung Confirms End of Month-long Strike at the Factory in Southern India

According to a report from Reuters, Samsung Electronics announced on Tuesday that workers at their Indian unit have chosen to end their strike at the factory in Tamil Nadu, southern India, ending a labor protest that lasted over a month. The report noted that over 1,000 Samsung India workers have...

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