The data breach allegedly cost Samsung $230 million. News 

Ex-Samsung Official Accused of Attempting to Duplicate Chip Factory in China

The chip manufacturing industry has been declared an “all-out war” by South Korean President Yoon Suk Yeol, and recent developments have reinforced this statement. According to BusinessKorea, a former Samsung executive has been indicted by prosecutors in the Suwon District for allegedly stealing semiconductor plant blueprints and technology from the leading chipmaker. The defendant, who is 65 years old and previously served as vice president of another Korean chipmaker SK Hynix, is accused of stealing the information between 2018 and 2019. The leak is said to have cost Samsung approximately…

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Nvidia Corp was on track on Tuesday to breach $1 trillion in market capitalization for the first time, making it the first U.S. chipmaker to join the trillion dollar club. News 

Nvidia becomes the first US chipmaker to be valued at more than $1 trillion

(Reuters) – Nvidia Corp. on Tuesday sought to crack the $1 trillion market cap for the first time, becoming the first U.S. chipmaker to join the trillion-dollar club. The company’s shares were last up 3.5% at $402.91 in premarket trading. The meta, valued at about $670 billion at the latest close, could have shed $1 trillion in market capitalization in 2021, while Apple Inc, Alphabet Inc, Microsoft Corp and are other US companies in the club. Artificial intelligence took center stage after Nvidia surprised investors last week with a…

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The flurry of announcements underscores Nvidia’s shift from a maker of computer graphics chips to a company at the center of the AI boom. (AFP) AI 

Nvidia, the world’s most valuable chipmaker, has announced more AI products after the $184 billion rally.

The CEO of Nvidia Corp. revealed during a two-hour presentation in Taiwan. Jensen Huang announced a new line of AI-related products and services looking to capitalize on the frenzy that has made his company the world’s most valuable chip maker. The wide range includes a new bot system, game features, advertising services and web technology. Perhaps more important to his goals, Huang has blown the lid on an AI-powered supercomputer platform called the DGX GH200 that helps tech companies build a following for ChatGPT. Microsoft Corp. and Meta Platforms Inc.…

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Intel's first-quarter revenue fell 36 percent to $11.7 billion and the semiconductor giant posted a massive loss of $2.8 billion News 

US chipmaker Intel predicts second-quarter revenue will exceed estimates

Chipmaker Intel Corp on Thursday forecast second-quarter revenue that beat Wall Street estimates, a sign that chip demand was recovering after an oversupply and a slump in the post-pandemic personal computer market. The company estimates adjusted revenue for the second quarter to be approximately $11.5–12.5 billion. Analysts polled by Refinitiv were expecting revenue of $11.75 billion. Read all the Latest Tech News here.

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Shares in the world’s largest memory chip and TV maker rose 3% in early trading News 

Samsung is cutting its chip production after 14 years of low profits

Samsung Electronics Co Ltd said on Friday it would make a “significant” cut in chip production after seeing a weaker-than-expected 96% drop in quarterly operating profit as a sharp downturn in the global semiconductor market worsens. Shares in the world’s largest memory chip and TV maker rose 3% in early trade, while rival SK Hynix Inc rose 5% as investors welcomed plans to cut production to maintain pricing power. Samsung estimated its short preliminary earnings statement to drop to 600 billion won ($455.5 million) in operating profit in January-March, from…

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Samsung Electronics and chip-maker AMD have signed a multi-year agreement extension to bring multiple generations of high-performance AMD Radeon graphics solutions to Samsung Exynos SoCs. News 

Samsung and AMD sign new multi-year deal to bring ‘console-level’ graphics performance to mobile devices

Samsung Electronics and chipmaker AMD announced Thursday that they have signed a multi-year extension agreement to bring multiple generations of high-performance, ultra-low-power AMD Radeon graphics solutions to the expanded Samsung Exynos SoC lineup. With the license extension, Samsung brings console-level graphics quality and optimized power consumption to more mobile devices, offering an incredibly immersive and long-lasting gaming experience. “Using our technological expertise to design ultra-low power solutions, we will continue to drive continuous innovation in the mobile graphics space,” said Seogjun Lee, vice president of application processor development at Samsung.…

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