Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Microsoft Cuts 4,800 Jobs as AI Data Center Costs Squeeze Cash Flow
Microsoft is laying off roughly 4,800 employees, or 2.1% of its workforce, as heavy investment in AI data centers strains cash flow. The cut
Micron Locks In Memory Chip Supply Deals With Ford, GM as Auto Demand Surges
Micron has inked long-term deals with Ford and GM to supply memory chips for next-gen vehicles. The pacts come as DRAM prices surge 70% sinc
Chip Stocks Surge as Broadcom Inks Multi-Year Apple Deal, Ceva Lands AI License
Broadcom shares rose over 4% after signing multi-year custom silicon agreements with Apple. Ceva gained more than 6% on an AI licensing deal
Tech Futures Rise Despite Nvidia's Next-Gen AI Rack Delay
US stock futures edged higher even as reports said Nvidia may delay commercialization of its next-generation AI server rack by about 12 mont
SK Hynix Lists on Nasdaq with $28 Billion ADR Offering to Fund AI Chip Expansion
SK Hynix, a key supplier of high-bandwidth memory for AI servers, is listing on Nasdaq via a $28 billion ADR offering. Early investors have
Hedge Funds Dump Chip Stocks for Fourth Week as SOX Slides 4.2%
Hedge funds have been cutting positions in chip and tech hardware stocks for four consecutive weeks, according to Goldman Sachs. The selling
Asia Markets Mixed as Nvidia's Next-Gen AI System Faces Over-Year Delay
Asian markets showed mixed results after reports emerged that Nvidia could delay its next-generation AI server rack system by more than a ye
Unimicron Raises $1.4 Billion in Global Share Sale to Fund Raw Material Purchases
Unimicron Technology is offering 50 million global depositary shares at a 3%-5.8% discount to raise about $1.4 billion. The funds will be us
L'Oréal and Mondelez Use AI to Slash Product Development Time from Months to Weeks
L'Oréal and Mondelez are deploying AI in product research and development, with executives telling Reuters the technology cuts the journey f
Tokyo Artisan Intelligence Targets 2027 Mass Production for Edge AI Chips
Tokyo Artisan Intelligence is moving its edge AI processor toward production, with sample chips due in 2025 and mass production by 2027. The
SK Telecom Plans Massive AI Data Center Buildout in South Korea
SK Telecom is entering the AI data center race with a plan to build up to 5 gigawatts of capacity by 2029. The carrier will start with a 100
SK Hynix Targets $28 Billion Nasdaq ADR Listing to Fund AI Chip Expansion
SK Hynix, a leading AI memory-chip maker, plans to list ADRs on Nasdaq in a deal that could raise about $28 billion. The funds will support