Monthly Archives: August 2024

[News] Intel Delays Innovation 2024 Event amid Financial Challenges, Arousing Public’s Curiosity on 18A

Last week, semiconductor giant Intel reported weak quarterly earnings, with announcements made on a massive 15% cut of workforce and an over 20% reduction on capital expenditures in 2024. Now the company seems to make up its mind on cost-cutting, …

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[News] U.S. Initial Jobless Claims Less than Expected, Easing Market Fears of Economic Recession

The U.S. Department of Labor released data on August 8th showing that initial jobless claims for the previous week stood at 233,000, a decrease of 17,000 from the revised figure of the prior week, and better than the market expectation …

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[News] AI Chip Manufacturer Black Sesame Listed on Hong Kong Stock Exchange

On August 8, 2024, Black Sesame Technologies, a company specializing in AI chip for smart vehicles, was listed on the Hong Kong Stock Exchange. Founded in 2016, Black Sesame is a provider of automotive-grade intelligent vehicle computing chips and chip-based …

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[News] Samsung to Intensify Efforts for Capturing Intel’s Advanced Packaging Orders Shifting from TSMC

According to a report from The Chosun Daily, major tech companies like NVIDIA are considering using Intel’s foundry services (IFS) as an alternative due to TSMC’s packaging capacity shortages. While packaging is a core competency for semiconductor foundries, Samsung, which …

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[News] Intel Reportedly Rejected OpenAI Investment, Missing Out on AI Opportunity

According to a report from Reuters citing sources on August 7th, American chip giant Intel had an opportunity to invest in OpenAI several years ago but ultimately had the investment rejected by company executives, resulting in a missed opportunity. Reportedly, …

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