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STMicroelectronics trims 2024 revenue outlook again
31 Oct 2024

STMicroelectronics trims 2024 revenue outlook again

European chipmaker STMicroelectronics on Thursday said its full-year revenue would come at the low end of the earlier guidance range, its third cut to the outlook this year amid weak demand from its industrial clients.
Siemens' $10.6 billion Altair deal seen boosting industrial software offering

Siemens' $10.6 billion Altair deal seen boosting industrial software offering

31 Oct 2024
Siemens announced a $10.6 billion deal to buy U.S. engineering software firm Altair Engineering overnight, cheering analysts who see it boosting the company’s presence in the fast-growing industrial software market.
Advantest hikes profit forecast as AI boosts testing demand

Advantest hikes profit forecast as AI boosts testing demand

30 Oct 2024
Japan’s Advantest on Wednesday hiked its full year operating profit forecast by almost a fifth to 165 billion yen ($1.08 billion) as strong demand for high performance artificial intelligence-related chips boosted its testing tools business. 
Chinese automaker Geely steps up challenge to BYD with new hybrid tech

Chinese automaker Geely steps up challenge to BYD with new hybrid tech

30 Oct 2024
China’s Geely Automobile Holdings took the wraps off its latest hybrid technology on Wednesday, boasting some better fuel economy and driving range figures than rival technology from local plug-in hybrid champion BYD.
AI Talk: Master your GenAI destiny

AI Talk: Master your GenAI destiny

30 Oct 2024
Curious about the journey from pilot to profit? Discover essential insights to lead the GenAI transformation.
Toyota, NTT to make $3.3 billion R&D investment for AI self-driving, Nikkei reports
29 Oct 2024

Toyota, NTT to make $3.3 billion R&D investment for AI self-driving, Nikkei reports

Toyota Motor and Japan’s Nippon Telegraph and Telephone (NTT) will invest 500 billion yen ($3.26 billion) in research and development to create artificial intelligence software to improve self-driving, Nikkei reported on Tuesday.
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

29 Oct 2024
Cadence Design Systems raised the midpoint of its annual profit forecast on Monday, betting on the boom in generative AI to drive demand for its software used to design complex chips that power those systems, sending its shares up 6.4% in extended trading. 
Nvidia overtakes Apple as world's most valuable company

Nvidia overtakes Apple as world's most valuable company

28 Oct 2024
Nvidia dethroned Apple as the world’s most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence chips.
Asset managers roll out new ETFs to tap in to AI buzz

Asset managers roll out new ETFs to tap in to AI buzz

28 Oct 2024
Exchange-traded funds focused on artificial intelligence are proliferating as asset managers offer investors new ways to tap in to the market enthusiasm for AI, even while it remains unclear which companies will emerge as the long-term winners from the latest technology revolution. 
IBM falls as slowing enterprise spending pressure consulting growth

IBM falls as slowing enterprise spending pressure consulting growth

25 Oct 2024
IBM shares fell more than 6% on Thursday, as reduced enterprise spending on non-GenAI projects pressured its consulting segment, clouding software unit strength.
Santander will have a full-service digital bank in US by end-2025, chair says
25 Oct 2024

Santander will have a full-service digital bank in US by end-2025, chair says

Spanish lender Santander will have a full-service digital bank in the United States by the end of 2025, its executive chair, Ana Botin, said on Thursday.
TSMC halts chip supply to customer after finding it in Huawei product, source says

TSMC halts chip supply to customer after finding it in Huawei product, source says

24 Oct 2024
Taiwan Semiconductor Manufacturing Co has suspended shipments to a customer after it discovered that one of its chips supplied to the client ended up in a Huawei product, according to a Taiwan official familiar with the situation.
Nvidia supplier SK Hynix sees no AI chip oversupply as profit soars to record

Nvidia supplier SK Hynix sees no AI chip oversupply as profit soars to record

24 Oct 2024
South Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier booked strong sales of its advanced chips, and said demand for high-bandwidth memory (HBM) chips would continue to outpace supply next year.
TI profit beats points to China automotive chip rebound as industrial weakness persists

TI profit beats points to China automotive chip rebound as industrial weakness persists

23 Oct 2024
Texas Instruments beat third-quarter profit estimates on Tuesday, helped by a recovery in orders for its analog chips across segments and improving demand from China’s automotive market, sending its shares up 4% in extended trading.
Indian payments firm Paytm's shares jump as nod for new UPI users clears key risk

Indian payments firm Paytm's shares jump as nod for new UPI users clears key risk

23 Oct 2024
Shares of Indian fintech firm Paytm jumped nearly 6% on Wednesday after the country’s payments regulator allowed the company to sign new users for digital payments via UPI, which analysts said removed a key regulatory overhang.

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