Chipmaker Qualcomm says automotive future business expands to $30 bln

Register now for FREE unlimited access to Reuters.com Register Sept 22 (Reuters) – US chip designer Qualcomm Inc (QCOM.O) on Thursday said its automotive business “pipeline” increased to $30 billion, up more than $10 billion since its third quarter results were announced in late July. The jump in future business was thanks to its Snapdragon … Read more

Nvidia CEO sees ‘large space’ for China sales despite US restrictions

Nvidia Corp CEO Jensen Huang holds one of the company’s new RTX 4090 chips for computer gaming in this undated handout photo provided September 20, 2022. Courtesy of Nvidia Corp/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register Sept 21 (Reuters) – Nvidia Corp (NVDA.O) Chief Executive Jensen Huang said Wednesday that … Read more

SEC charges VMware with misleading investors by obscuring financial performance

3D printed clouds and figurines are seen in front of the VMware cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 12 (Reuters) – The US Securities and Exchange Commission said on Monday it has charged cloud computing company VMware Inc … Read more

Chip wreck: Nvidia sinks sector after US restricts China sales

Register now for FREE unlimited access to Reuters.com Register Sept 1 (Reuters) – US chip stocks tumbled on Thursday, with the main semiconductor index down more than 3% after Nvidia (NVDA.O) and Advanced Micro Devices (AMD.O) said US officials told them to stop exporting cutting-edge processors for artificial intelligence to China. Nvidia’s stock plummeted 11%, … Read more

Morning Bid: Financial conditions noose tightens

People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 1 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The new month has not … Read more

US officials order Nvidia to halt sales of top AI chips to China

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith Register now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – Chip designer Nvidia Corp ( NVDA.O ) on Wednesday said that US officials have ordered it to cease exporting two of its … Read more

Nvidia forecasts sharp drop in third-quarter sales as games drag

The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/ Register now for FREE unlimited access to Reuters.com Register Aug 24 (Reuters) – Graphics chip designer Nvidia Corp (NVDA.O) on Wednesday forecast a sharp drop in revenue in the current quarter on the back … Read more

SoftBank steps up asset sales from sinking portfolio

A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 9 (Reuters) – SoftBank Group Corp (9984.T) is accelerating asset sales after … Read more

As the US eyes new China chip curbs, turmoil looms for the global market

Any US export block may affect global chip supply – analysts Move would hinder Samsung, SK Hynix upgrading China plants Samsung, SK Hynix together supply over 50% of global NAND chips Curbs could change where future chip plants are built -analyst SEOUL, Aug 3 (Reuters) – Export restrictions being considered by Washington to halt China’s … Read more

Meta and others tumble after hours as results point to weak economy

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – Shares of several major US companies tumbled in extended trade on Wednesday following poor quarterly results and forecasts that underscored fears about a potential recession. Meta Platforms … Read more