SK hynix raised approximately $26.5 billion through a U.S. share offering, the largest-ever U.S. listing by a foreign company, as surging demand for AI memory chips drives growth. The South Korean sem…
Meta plans to begin manufacturing its custom AI chip, codenamed Iris, in September as part of a push to reach 14 gigawatts of computing capacity by 2027. The chip, built with Broadcom and TSMC, is cen…
Apple released iOS 27 beta 3 with various changes, and Siri AI is now available on Apple Watch. The company is also lobbying to use Chinese memory components and signed a new deal with Broadcom, while…
Meta CEO Mark Zuckerberg plans to double the company's AI computing infrastructure to 14 gigawatts by 2027, with spending up to $145 billion, according to an internal memo. The massive buildout includ…
Meta's stock rose 8% after reports that it is exploring a cloud business to sell excess AI computing power and developing a custom AI chip called Iris, easing investor fears about its massive infrastr…
Meta plans to start manufacturing its Iris AI chip in September 2026, working with Broadcom on design and TSMC on manufacturing, as part of a push to expand compute capacity from 7 gigawatts in 2026 t…
Meta Platforms will begin manufacturing its in-house AI chip, code-named Iris, in September, according to an internal memo. The chip, designed with Broadcom and fabricated by TSMC, is part of Meta's M…
The Nasdaq Composite surged roughly 1.1% on July 9, erasing July losses as semiconductor stocks like Micron, Nvidia, and Broadcom rebounded after a brutal profit-taking period. The recovery was fueled…
Meta plans to design its own AI chips starting in September under the internal project "Iris," aiming to reduce dependence on Nvidia and cut costs amid strained supply chains. The social media giant i…
Jefferies analyst Blayne Curtis reiterated a Buy rating and $550 price target on Broadcom, citing an improving outlook for its AI chip business. The company has a long-term agreement with Google throu…
Meta will begin production of its latest AI chips in September, aiming to reduce GPU costs amid a component shortage. The chips, developed under the MTIA program with Broadcom and manufactured by TSMC…
OpenAI scheduled a 10 a.m. Pacific livestream for July 9th without specifying the product, a deliberate tactic to concentrate attention and prevent competitors from preparing. The announcement follows…
OpenAI and Broadcom unveiled Jalapeño, OpenAI's first custom inference chip, on June 24, targeting 50% lower cost per token than Nvidia GPUs. The ASIC, built in nine months at TSMC's 3nm node, will no…
Apple's $30 billion chip deal with Broadcom will create only "hundreds" of jobs, according to the companies' own accounting. The bulk of the commitment is a purchasing agreement, not capital expenditu…
Micron Technology, Sandisk, and Marvell stocks jumped on Thursday, leading a broader chip sector rally driven by AI memory demand. The gains followed reports that SK Hynix's US IPO is oversubscribed, …
Apollo Global Management and Blackstone are set to begin trading portions of a $35 billion private credit deal financing AI chip infrastructure for Broadcom and Anthropic, with about $15 billion expec…
Meta plans to put its own AI chip into production in September and aims to roughly double computing capacity across its data centers, according to Reuters. The chip, part of Meta's MTIA line, is desig…
Rackspace Technology announced a capital raise and updated outlook on July 9, 2026, to accelerate its enterprise AI strategy, including regulated and sovereign deployments with Palantir Foundry and AI…
Meta plans to manufacture its next-generation Iris AI chip in September, targeting a 25x increase in compute FLOPS and a 4.5x improvement in memory bandwidth by 2027. The in-house silicon push, fabric…
South Korean fabless chip startup FuriosaAI is expanding into Europe by deploying its RNGD AI inference accelerators in Equinix's Lisbon LS2 data center, aiming to attract European enterprises seeking…