semiconductor

US stock market: Intel shares buck the chips rout, rise 8%

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US stock market: Intel shares buck the chips rout, rise 8%

Intel Corp. shares bucked the chips rout on Wednesday, rising as much as 8.2 per cent on speculations that the company could benefit from policies under either a Biden or Trump administration. Chip stocks plunged on worries over trade curbs on companies giving China access to advanced semiconductor technology. The Philadelphia Semiconductor Index sank 4 … Read more

AI chip demand to surge by a third with AI adoption across all devices

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AI chip demand to surge by a third with AI adoption across all devices

Mumbai: The rapid integration of artificial intelligence across consumer and enterprise sectors is expected to propel a 33% increase in net global AI semiconductor revenue in 2024. According to a report from market researcher Gartner released on Thursday, revenue from chipmakers specializing in AI-specific compute processors is expected to grow by 32.8% to $71.25 billion … Read more