AI chip startup Etched, founded by three Harvard dropouts, has closed a $300 million Series C funding round, valuing the company at $10.3 billion. This marks a doubling of its valuation in seven months, following successful chip manufacturing and $1 billion in orders.
Former Intel CEO Pat Gelsinger discusses his new role as general partner at Playground Capital, focusing on deep tech investments to revive Moore's Law through lithography advancements and energy solutions for AI. He also addresses the US government's stance on AI and semiconductor regulation.
Alphabet's shares rose after reports of a new "Frozen v2" server chip designed for Gemini AI models, aiming for 6-10x efficiency by 2028. This comes amidst Google's internal compute shortages, AI model delays, and increasing competition from Chinese AI firms.
US stocks dipped Monday afternoon as an S&P 500 rally failed, with oil prices and rising bond yields acting as headwinds. The market debated the extent of the AI stock correction. Alphabet's shares rose on news of a new, more efficient AI chip, Frozen v2, slated for 2028 deployment. Upcoming earnings reports include 3M, GM, and Capital One.
TSMC, the world's largest contract chipmaker, reported record quarterly profits and raised its revenue outlook, driven by robust demand for AI chips. The Taiwan-based company also announced an additional $100 billion investment to expand its advanced chip manufacturing capacity in the US.
TSMC announced June revenue surged 67.9% year-on-year to NT$398.27 billion, pushing first-half revenue to NT$2.4 trillion. Q2 revenue of NT$1.27 trillion surpassed analyst forecasts, driven by robust AI demand and global manufacturing expansion.
Biren Technology launches next-gen 'supernode' AI solutions using optical data transmission to scale AI computing power, enabling up to 1,024 AI chips in a single cluster.
Alibaba's T-Head open-sources its AI chip software stack to challenge Nvidia's CUDA dominance, aiming to boost developer adoption and China's tech self-sufficiency amid US-China rivalry.
Taiwan Semiconductor Manufacturing Co. (TSMC) announced a 67.9% year-on-year increase in June sales, reaching NT$442.68 billion. For the first half of 2026, revenue grew 35.6% to NT$2.4 trillion, boosted by AI chip demand. Shares rose 1% as the company plans new packaging plants in Taiwan.
Samsung Electronics is reportedly preparing to manufacture Tesla's next-generation AI chip, the AI5, using its 2nm process at its Texas plant. The chip, designed for Tesla's FSD system, robots, and data centers, has completed its tape-out phase, with mass production expected to begin in 2027.
Samsung is accelerating the timeline for opening its AI chip factory in South Korea, part of a strategic industrial complex aimed at meeting global demand for artificial intelligence chips. The company plans to invest heavily in semiconductor production facilities.
SK Hynix debuted on the Nasdaq at $170 per share, a 14% increase, as investors sought a stake in the South Korean tech giant. The company raised $26.5 billion for expansion, driven by soaring demand for AI memory chips.
بدء تداول أسهم «إس كيه هاينكس» في الولايات المتحدة بقيمة 26.5 مليار دولار يمثل اختباراً لثقة المستثمرين في استدامة موجة الذكاء الاصطناعي، وسط ضغوط على أسهم أشباه الموصلات وتراجعها عن أعلى مستوياتها.
South Korean chipmaker SK hynix will list its American depositary receipts on Nasdaq on Friday, aiming to raise approximately $26.5 billion. The move seeks to broaden access to global investors interested in the booming AI infrastructure market and enhance the company's long-term fundraising capabilities.
Meta plans to start manufacturing its own AI-specific chips in September to reduce GPU costs during a component shortage. The company is collaborating with Broadcom on design and TSMC on manufacturing, aiming to save on Nvidia and AMD purchases.
China plans to allow selected domestic firms like Alibaba and ByteDance to import limited Nvidia H200 chips, easing its tech standoff with the US. This pragmatic shift addresses China's immediate AI computing power gap, as local alternatives are insufficient.
SK Hynix's $28 billion US IPO was oversubscribed sevenfold, indicating strong investor interest in the AI chip supplier. The offering aims to fund new facilities and reduce valuation gaps with US competitors, with trading set to begin on Nasdaq on July 10.
Cerebras, a US-based AI chip maker, announced plans to launch its first European data centre by the end of 2026, followed by rapid expansion across France and the Nordics by 2027. The initiative aims to boost AI computing capacity in Europe, addressing demand for local, low-latency infrastructure and offering an alternative to US and Asian compute capacity.
Nvidia's stock has fallen 16% from its May 14th high as investors reallocate capital to other semiconductor companies, particularly memory and storage chip producers. Despite the drop, analysts are raising future earnings estimates, suggesting a market shift rather than a performance decline for Nvidia.
AI chip startup SambaNova secured $1 billion in financing, valuing the company at $11 billion. The funding, led by General Atlantic, aims to challenge Nvidia's dominance in AI semiconductors, particularly for inference chips.
AI chip company SambaNova Systems has secured $1 billion in its Series F funding round, valuing the company at $11 billion. Led by General Atlantic, the round saw participation from new and existing investors, including Intel and JPMorgan Chase, which selected SambaNova as an inference-infrastructure partner.
AI chip startup Rebellions is targeting an initial public offering in South Korea in the first or second quarter of next year, CEO Sunghyun Park told CNBC. The company is leaning towards a KOSPI listing, citing alignment with Korean government AI infrastructure projects and investor preference. Rebellions, backed by Samsung and SK Hynix, develops server systems powered by its Rebel100 NPU chips for AI inference.
Samsung Electronics reported a record quarterly operating profit of 89.4 trillion won ($58.6 billion), driven by booming demand for AI memory chips. This surge has allowed Samsung to overtake Nvidia as the world's most profitable technology company, with revenue also reaching an all-time high.
Chinese AI startup DeepSeek is reportedly developing its own AI inference chip, aiming to reduce reliance on Nvidia and potentially challenge Huawei. This move aligns with Beijing's push for domestic alternatives amid US export controls.
