The stock price of Intel (INTC, Financial) increased by 12% on Thursday morning on the news of US AI chip production expansion and positive market reactions toward its new processing chip releases. The stock market boost derives from extensive government backing combined with a positive industrial response triggered by new domestic semiconductor projects. The company…
By Krystal Hu, Fanny Potkin and Stephen Nellis (Reuters) – OpenAI is working with Broadcom and TSMC to build its first in-house chip designed to support its artificial intelligence systems, while adding AMD chips alongside Nvidia chips to meet its surging infrastructure demands, sources told Reuters. OpenAI, the fast-growing company behind ChatGPT, has examined a…
Chip giant Qualcomm may take over rival Intel, according to a Wall Street Journal report, which cited unnamed sources and added that this comes amid the latter, once the world’s most valuable chip company sees its shares plummet about 60% so far this year. A smartphone with a displayed Intel logo is placed on a…