Sunday, October 20

Tag: Advanced Micro Devices

Tech Stocks Tumble, Pushing Nasdaq Lower
26Oct By adminNo Comments
Money

Tech Stocks Tumble, Pushing Nasdaq Lower

A steep drop in shares of Alphabet, Amazon.com and other technology companies dragged the Nasdaq Composite into correction territory Wednesday. The tech-heavy index slid 2.4% in a punishing session that pulled it down more than 10% from its recent high. Its losses accelerated in the afternoon, sending the gauge to one of its worst one-day declines of the year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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AI chip exports: US escalates tech battle by cutting China off from more semiconductors
18Oct By adminNo Comments
Technology

AI chip exports: US escalates tech battle by cutting China off from more semiconductors

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong/Washington CNN  —  The Biden administration is reducing the types of semiconductors that American companies will be able to sell to China, citing the desire to close loopholes in existing regulations announced last year. On Tuesday, the US Commerce Department unveiled new rules that further tighten a sweeping set of export controls first introduced in October 2022. The updated rules “will increase effectiveness of our controls and further shut off pathways to evade our restrictions,” US Commerce Secretary Gina Raimondo said in a st...
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Arm IPO: China is huge for the SoftBank-owned company. That’s a risk for its new investors
14Sep By adminNo Comments
Technology

Arm IPO: China is huge for the SoftBank-owned company. That’s a risk for its new investors

Hong Kong CNN  —  As British chip designer Arm prepares to raise about $5 billion in an initial public offering (IPO) on Thursday, its China business has become a serious point of concern. The SoftBank-owned firm used many pages of its IPO prospectus to warn investors of risks related to its exposure to China at a time of rising tension between Washington and Beijing over chip technology. Its regulatory filing last month revealed that a quarter of its sales come from China, through an unusual relationship with an entity it does not control and with which it has a complex history. Arm China is “an entity that operates independently of us and is our single largest customer,” the company s...
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AMD brings $400 million to design semiconductors
29Jul By adminNo Comments
Business

AMD brings $400 million to design semiconductors

US chipmaker Advanced Micro Devices (AMD) announced a $400 million investment in India to build its largest design centre in Bengaluru and said it will use Indian workforce across every aspect of its global portfolio. The US chipmaker sees the semiconductor engagement in the country expanding at a frenetic pace.AMD's chief technology officer Mark Papermaster said the company has been encouraged by the push given to the work around semiconductors by Prime Minister Narendra Modi and other teams within the government, making the company broaden its engagement here."We are excited to be having such a strong presence in design in India. Commensurate with our growth in design, we see the market here expanding rapidly. It is very clear from the statement of PM Modi that he is creating a climate ...
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