Tag Archives: chip

Qualcomm debuts AI-focused Snapdragon 8s Gen 3 chip

Qualcomm debuts AI-focused Snapdragon 8s Gen 3 chip

Qualcomm (QCOM) is pushing deeper into the generative AI space with its latest smartphone chip, the Snapdragon 8s Gen 3. The processor, which will be available in Android smartphones from Chinese manufacturers including Xiaomi and Honor, is the second addition to Qualcomm’s Snapdragon 8 Gen 3 family. Like the original Snapdragon 8 Gen 3, Qualcomm is marketing the 8s Gen 3 as an on-device AI powerhouse. The company says that the processor supports a number of models including Meta’s Llama 2… Source link

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Dell’s AI guidance raises prominent chip stocks

Dell’s AI guidance raises prominent chip stocks

Dell Technologies (DELL) shares are catapulted higher ahead of Friday’s session close, seeing upward gains of 30%. Dell outpaced fourth-quarter earnings estimates in the top and bottom lines, as reported on Thursday. Yahoo Finance Live monitors the upward momentum seen by chip stocks reacting to Dell’s positive guidance around AI, including Advanced Micro Devices (AMD) and NetApp (NTAP). For more expert insight and the latest market action, click here to watch this full episode of Yahoo… Source link

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Samsung Profit Tumbles 35% as Chip Weakness Persists

Samsung Profit Tumbles 35% as Chip Weakness Persists

(Bloomberg) — Samsung Electronics Co. posted its sixth straight quarter of declining operating profit, reflecting weak consumer demand and stoking uncertainty over the timing of a broader tech recovery. Most Read from Bloomberg Korea’s largest company reported a 35% fall in operating income to 2.8 trillion won ($2.1 billion), about 24% shy of estimates. Revenue slid more than anticipated to 67 trillion won. For all of 2023, Samsung reported its slimmest operating profit in 15 years. The… Source link

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Elon Musk expects Neuralink’s brain chip to begin human trials in 6 months

Elon Musk expects Neuralink’s brain chip to begin human trials in 6 months

By Rachael Levy (Reuters) – Elon Musk said on Wednesday he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, after the company missed earlier timelines set by him. The company is developing brain chip interfaces that it says could enable disabled patients to move and communicate again, with Musk adding on Wednesday that it will also target restoring vision. Based in the San Francisco Bay Area and Austin, Texas, Neuralink has in recent… Source link

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Smartphone chip firm MediaTek CEO sees ‘incremental’ move away from Taiwan

Smartphone chip firm MediaTek CEO sees ‘incremental’ move away from Taiwan

By Jane Lanhee Lee (Reuters) – Tensions between China and the United States are pushing some manufacturer companies to talk about moving some of their supply chain away from Taiwan as well, although it’s “incremental,” the head of Taiwan’s most important smartphone chip design firm told Reuters over the weekend. Some of the “very large (equipment manufacturers) will require their chip suppliers to have multiple sources, like from Taiwan and from U.S., or from Germany or from Europe,”… Source link

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Why chip stocks should be avoided for now, according to an analyst

Why chip stocks should be avoided for now, according to an analyst

Stay away from battered semiconductor stocks for the time being, according to Citi analyst Chris Danely. “We believe negative catalysts will now outnumber positive catalysts given upcoming PC data points and monthly Taiwan sales figures,” Danely wrote in a fresh note to clients. “We also expect negative data points in September in broader semis as the correction continues.” The analyst removed his short-term bullish calls on chip makers NXP Semiconductor and ON Semiconductor. His top pick… Source link

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