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Exclusive-Intel providing chip technology to startup led by co-investor of Tan in rare deal

Exclusive-Intel providing chip technology to startup led by co-investor of Tan in rare deal

By Max A. Cherney and Tom Hals SAN FRANCISCO/WILMINGTON, Delaware, July 29 (Reuters) - Intel has provided access to some of its processor technology to a new startup, according to a source and documents reviewed by Reuters, in a rare move for the U.S. chipmaker.
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Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate

Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate

July 29 (Reuters) - Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday, and said revenue from Apple products would decline faster than expected as supply constraints and rising costs weighed on its business.
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US to award GlobalFoundries $300 million to develop faster AI chip links

US to award GlobalFoundries $300 million to develop faster AI chip links

July 29 (Reuters) - GlobalFoundries said on Wednesday the U.S. government will award $300 million to the chipmaker to bolster research and development of silicon photonics technology to power more efficient AI data centers.
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Trading Day: All Warshed up

Trading Day: All Warshed up

By Jamie McGeever ORLANDO, Florida, July 29 (Reuters) - U.S. shares tumbled and long-dated Treasury yields surged to multi-decade peaks on Wednesday after the Federal Reserve kept interest rates on hold, while earlier, the rout in South Korean stocks snowballed to historic proportions after
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AMD Stock Declines Amid Semiconductor Selloff Triggered by AI Concerns

AMD Stock Declines Amid Semiconductor Selloff Triggered by AI Concerns

AMD Stock Declines Amid Semiconductor Selloff Triggered by AI Concerns
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S&P 500 down after Fed holds rates unchanged

S&P 500 down after Fed holds rates unchanged

By Noel Randewich July 29 (Reuters) - The S&P 500 stayed down on Wednesday after the Federal Reserve held interest rates steady, while AI-related chip stocks added to recent declines ahead of quarterly reports from Microsoft and Meta Platforms.
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EU aims for seven AI gigafactories with €10 billion plan in race with US, China

EU aims for seven AI gigafactories with €10 billion plan in race with US, China

By Foo Yun Chee BRUSSELS, July 30 (Reuters) - The European Union will fund seven artificial intelligence gigafactories across the bloc with €10 billion ($11.5 billion), the European Commission said on Thursday, as the EU steps up efforts to close the technology gap with the U.S. and China.
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Nasdaq set for lower open as AI worries mount ahead of pivotal earnings

Nasdaq set for lower open as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The Nasdaq was set to open lower on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies
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S&P and Nasdaq dip as investors focus on tech earnings

S&P and Nasdaq dip as investors focus on tech earnings

By Sinéad Carew and Noel Randewich July 27 (Reuters) - Wall Street dipped on Monday, as investors worried that stubbornly high oil prices could force the Federal Reserve to raise interest rates, as they also awaited guidance from major technology companies in a busy week for quarterly earnings.
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Nasdaq falls as AI worries mount ahead of pivotal earnings

Nasdaq falls as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The Nasdaq fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall Street.
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Wall Street ends mixed as investors focus on tech earnings

Wall Street ends mixed as investors focus on tech earnings

By Sinéad Carew and Noel Randewich July 27 (Reuters) - Wall Street ended mixed on Monday, as investors awaited guidance from major technology companies in a busy week for quarterly earnings, while also worrying that stubbornly high oil prices could force the Federal Reserve to raise interest rates.
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Intel’s 14A chips aren’t built yet: Synopsys is already there

Intel’s 14A chips aren’t built yet: Synopsys is already there

Anyone who has shipped software before it was fully tested knows the math. A bug caught in code review costs an afternoon. The same bug caught after launch costs a weekend, an apology, and sometimes a customer. Chip design runs on a version of that math, except the much-higher stakes involve ...