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Chipmaker CXMT sues Pentagon over 'Chinese military company' designation

Chipmaker CXMT sues Pentagon over 'Chinese military company' designation

By Che Pan and Mrinmay Dey Aug 28 (Reuters) - China's top memory chipmaker, ChangXin Memory Technologies, sued the Pentagon on Friday over being placed on a list of companies the United States believes are aiding Beijing's military.
TheStreet TheStreet
Nvidia’s AI boom just ran into a new $96B question

Nvidia’s AI boom just ran into a new $96B question

Nvidia faces potential new costs for its AI chips and data-center infrastructure.
Reuters Reuters
Chinese memory chipmaker CXMT sues Pentagon over 'Chinese military company' designation

Chinese memory chipmaker CXMT sues Pentagon over 'Chinese military company' designation

By Che Pan and Mrinmay Dey Aug 28 (Reuters) - China's top memory chipmaker, ChangXin Memory Technologies, sued the Pentagon on Friday over being placed on a list of companies the United States believes are aiding Beijing's military.
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SK Hynix Breaks Ground on Advanced Packaging Facility in Indiana, Bolstering U.S. Semiconductor Supply Chain

SK Hynix Breaks Ground on Advanced Packaging Facility in Indiana, Bolstering U.S. Semiconductor Supply Chain

SK Hynix Breaks Ground on Advanced Packaging Facility in Indiana, Bolstering U.S. Semiconductor Supply Chain
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Brookings Institution Highlights China's Cost Advantage in Global AI Race

Brookings Institution Highlights China's Cost Advantage in Global AI Race

Brookings Institution Highlights China's Cost Advantage in Global AI Race
TheStreet TheStreet
Nvidia just demolished one of Wall Street’s biggest AI fears

Nvidia just demolished one of Wall Street’s biggest AI fears

Management looked well beyond the next quarter, sharing a surprising projection with investors.
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U.S. and China Pursue Divergent AI Strategies in Global Race

U.S. and China Pursue Divergent AI Strategies in Global Race

U.S. and China Pursue Divergent AI Strategies in Global Race
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Nvidia Faces China Market Challenges Amid U.S. Restrictions and Beijing Directives

Nvidia Faces China Market Challenges Amid U.S. Restrictions and Beijing Directives

Nvidia Faces China Market Challenges Amid U.S. Restrictions and Beijing Directives
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Global IT Market to Exceed $8.49 Trillion by 2030, Driven by AI Infrastructure and Data Center Expansion

Global IT Market to Exceed $8.49 Trillion by 2030, Driven by AI Infrastructure and Data Center Expansion

Global IT Market to Exceed $8.49 Trillion by 2030, Driven by AI Infrastructure and Data Center Expansion
Reuters Reuters
HP's PC shipments drop overshadows strong revenue growth, shares slide

HP's PC shipments drop overshadows strong revenue growth, shares slide

By Jaspreet Singh Aug 26 (Reuters) - HP said on Wednesday its PC unit shipments and margins declined in the third quarter as price increases to offset rising memory chip costs proved to be insufficient, sending its shares down 9% in extended trading.
Reuters Reuters
HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds

HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds

Aug 26 (Reuters) - HP forecast current-quarter profit above Wall Street estimates on Wednesday, a sign that estimated tariff refunds along with price increases on premium and AI-powered personal computers will offset memory chip expenses.
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Nvidia forecasts quarterly revenue above estimates, fails to ignite shares

Nvidia forecasts quarterly revenue above estimates, fails to ignite shares

Aug 26 (Reuters) - Nvidia's quarterly revenue more than doubled and the chipmaker forecast third-quarter revenue above Wall Street estimates on Wednesday, signaling that demand for its AI chips continued unabated.