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Samsung flags eightfold jump in Q1 profit as AI chip demand drives up prices

Samsung flags eightfold jump in Q1 profit as AI chip demand drives up prices

By Hyunjoo Jin SEOUL, April 7 (Reuters) - Samsung Electronics on Tuesday projected a record-high first-quarter profit, up more than eightfold from a year earlier and well above expectations as booming demand for artificial intelligence infrastructure caused supply bottlenecks and drove chip prices
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Asian Tech Stocks Surge Following U.S.-Iran Ceasefire, Easing Supply Chain Concerns

Asian Tech Stocks Surge Following U.S.-Iran Ceasefire, Easing Supply Chain Concerns

Asian Tech Stocks Surge Following U.S.-Iran Ceasefire, Easing Supply Chain Concerns
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Nvidia Projects Massive Growth in AI Chip Market by 2030

Nvidia Projects Massive Growth in AI Chip Market by 2030

Nvidia Projects Massive Growth in AI Chip Market by 2030
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Intel Stock Rises Following Partnership with Elon Musk's Terafab Project

Intel Stock Rises Following Partnership with Elon Musk's Terafab Project

Intel Stock Rises Following Partnership with Elon Musk's Terafab Project
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Levi Strauss raises annual forecasts on resilient demand for premium jeans

Levi Strauss raises annual forecasts on resilient demand for premium jeans

April 7 (Reuters) - Levi Strauss on Tuesday raised its annual sales and profit forecasts after beating first-quarter estimates, as resilient demand for its premium denims and strength in its direct-to-consumer business helped offset a hit from U.S. tariffs.
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TSMC Expands Packaging Facilities in Arizona to Address AI Chip Bottleneck

TSMC Expands Packaging Facilities in Arizona to Address AI Chip Bottleneck

TSMC Expands Packaging Facilities in Arizona to Address AI Chip Bottleneck
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Intel Joins Elon Musk's Terafab Project to Boost U.S. Semiconductor Production

Intel Joins Elon Musk's Terafab Project to Boost U.S. Semiconductor Production

Intel Joins Elon Musk's Terafab Project to Boost U.S. Semiconductor Production
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Tesla's Terafab Project Relies on Intel for Chip Manufacturing in Texas

Tesla's Terafab Project Relies on Intel for Chip Manufacturing in Texas

Tesla's Terafab Project Relies on Intel for Chip Manufacturing in Texas
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Intel Partners with Elon Musk to Build Terafab AI Chip Factory in Texas

Intel Partners with Elon Musk to Build Terafab AI Chip Factory in Texas

Intel Partners with Elon Musk to Build Terafab AI Chip Factory in Texas
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Dell CEO Predicts Massive Increase in AI Memory Demand by 2028

Dell CEO Predicts Massive Increase in AI Memory Demand by 2028

Dell CEO Predicts Massive Increase in AI Memory Demand by 2028
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Retail Investors Shift Focus to Oil, Mining, and Software Stocks Amid Geopolitical Tensions

Retail Investors Shift Focus to Oil, Mining, and Software Stocks Amid Geopolitical Tensions

Retail Investors Shift Focus to Oil, Mining, and Software Stocks Amid Geopolitical Tensions
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TSMC's U.S. Chip Investment Boosted by Institutional Investor Activity

TSMC's U.S. Chip Investment Boosted by Institutional Investor Activity

TSMC's U.S. Chip Investment Boosted by Institutional Investor Activity