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Samsung's Q3 profit seen jumping nine-fold, but chip margins may be flat

Samsung's Q3 profit seen jumping nine-fold, but chip margins may be flat

By Hyunjoo Jin SEOUL, Oct 7 (Reuters) - Samsung Electronics is expected to report a nearly nine-fold jump in third-quarter operating profit, driven by robust AI demand, though analysts have cut forecasts by nearly 8% since the end of August.
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AMD CEO says continues to explore foundry partnership with Samsung Electronics

AMD CEO says continues to explore foundry partnership with Samsung Electronics

SEOUL, Oct 7 (Reuters) - AMD CEO ​Lisa Su said on Wednesday that the US chipmaker continues to explore partnership opportunities with Samsung Electronics in the memory and foundry businesses.
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AMD plans to substantially increase supply in 2027, CEO says

AMD plans to substantially increase supply in 2027, CEO says

By Wen-Yee Lee TAIPEI, Oct 6 (Reuters) - AMD plans to substantially increase chip supply in 2027 as the US chipmaker races to meet booming demand from artificial intelligence, CEO Lisa Su said on Tuesday.
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Navitas closes Claros deal as AI chips hit a 'power wall'

Navitas closes Claros deal as AI chips hit a 'power wall'

The fight for AI compute is shifting from the chip to the power feeding it. This deal is a bet on the very last stretch.
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Micron's Taoyuan union in Taiwan secures authorisation to strike

Micron's Taoyuan union in Taiwan secures authorisation to strike

By Wen-Yee Lee TAIPEI, Oct 7 (Reuters) - A Taiwanese union representing workers at Micron Technology said on Wednesday it had secured authorisation from its members to strike work over a dispute concerning the company's bonus scheme, escalating a labour conflict at the chipmaker's largest
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North Korea criticises US support for Taiwan, pledges backing for Russia

North Korea criticises US support for Taiwan, pledges backing for Russia

By Joyce Lee SEOUL, Oct 7 (Reuters) - North Korea criticised the United States over its arms sales and military support for Taiwan, accusing Washington of fuelling tensions in the Taiwan Strait, state media KCNA said on Wednesday.
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Analysis-Japan's $15 billion Rapidus chip bet hinges on winning customers

Analysis-Japan's $15 billion Rapidus chip bet hinges on winning customers

By Kentaro Okasaka and Sam Nussey TOKYO, Oct 7 (Reuters) - Japan's Rapidus, with $15 billion in state backing, is tying up with chip design firms as it seeks to answer a major question hanging over the country's tech ambitions: can it attract enough customers to its state-of-the-art chip factory?
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Marvell raises 2028 revenue forecast on strong AI data center demand

Marvell raises 2028 revenue forecast on strong AI data center demand

Oct 6 (Reuters) - Marvell Technology raised its fiscal 2028 revenue forecast to about $20 billion on Tuesday, above Wall Street estimates, as demand for its custom data center chips grows along with a surge in AI spending.
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Marvell Technology Raises Revenue Forecasts, Driven by AI and Data Center Demand

Marvell Technology Raises Revenue Forecasts, Driven by AI and Data Center Demand

Marvell Technology Raises Revenue Forecasts, Driven by AI and Data Center Demand
ReutersReuters
Vance says details of proposed Alaska LNG pipeline need to be worked out

Vance says details of proposed Alaska LNG pipeline need to be worked out

Oct 5 (Reuters) - US Vice President JD Vance said on Monday that a long-planned liquefied natural gas pipeline in Alaska was going to happen, but there were still some details that needed to be worked out with South Korea.
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South Korea Establishes Future Response Fund to Boost AI and SME Growth

South Korea Establishes Future Response Fund to Boost AI and SME Growth

South Korea Establishes Future Response Fund to Boost AI and SME Growth
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Hedge funds deliver mixed September results on AI swings

Hedge funds deliver mixed September results on AI swings

By Anirban Sen and Summer Zhen HONG KONG/NEW YORK, Oct 2 (Reuters) - Global hedge funds delivered mixed results in September after surging bond yields, higher oil prices and swings in AI shares drove selling, although some strategies led to gains, according to prime brokerage notes and investors.