semiconductors – pressnews

OpenAI CEO Sam Altman seeks to raise billions for network of AI chip factories

20Jan

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Technology

OpenAI CEO Sam Altman seeks to raise billions for network of AI chip factories

[ad_1] OpenAI Chief Executive Officer Sam Altman, who has been working to raise billions of dollars from global investors for a chip venture, aims to use the funds to set up a network of factories to manufacture semiconductors, according to several people with knowledge of the plans.Altman has had conversations with several large potential investors in the hopes of raising the vast sums needed for chip fabrication plants, or fabs, as they're known colloquially, said the people, who requested anonymity because the conversations are private. Firms that have held discussions with Altman include Abu Dhabi-based G42, people told Bloomberg last month, and SoftBank Group Corp., some of the people said. The project would involve working with top chip manufacturers, and the network of fabs woul...

China rushes to swap Western tech with domestic options as U.S. cracks down

28Oct

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Technology

China rushes to swap Western tech with domestic options as U.S. cracks down

[ad_1] China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter.Reuters is reporting for the first time details of tenders from the government, military and state-linked entities, which show an acceleration in domestic substitution since last year. China has spent heavily on replacing computer equipment, and the telecom and financial sectors are probably the next target, said two people familiar with the industries. State-backed researchers also identified digital payments as particularly vulnerable to possible Western hacking, according to a review of their work, making a push to indigenize such t...

China Top Chipmaker Misses Earnings Estimates as Sanctions Bite

11Nov

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Technology

China Top Chipmaker Misses Earnings Estimates as Sanctions Bite

[ad_1] Semiconductor Manufacturing International Corp.’s earnings missed projections, reflecting a global pullback in spending on devices and computers. Semiconductor Manufacturing International Corp.'s earnings missed projections, reflecting a global pullback in spending on devices and computers. China's largest chipmaker reported $470.8 million in net income for the third quarter, up 47% from a year earlier, versus the $489.7 million average estimate. Revenue of $1.91 billion also trailed the forecast for $1.93 billion. The results underscore how SMIC is succumbing to US sanctions that've cut it off from critical American technology just as the market is slowing sharply. Washington in October enacted its most sweeping restrictions yet to try and counter China's technological ...

Apple drops plan to use chips from China’s Yangtze Memory Technologies: Report

18Oct

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Technology

Apple drops plan to use chips from China’s Yangtze Memory Technologies: Report

[ad_1] Apple has shelved plans to use memory chips from China's Yangtze Memory Technologies Co (YMTC) in its products. Apple has shelved plans to use memory chips from China's Yangtze Memory Technologies Co (YMTC) in its products, Japanese newspaper Nikkei Asia reported citing multiple sources. Before the US introduced its fresh export control list this month, the report said that the American multinational technology company had already completed the process to certify YMTC's 128-layer 3D NAND flash memory for use in iPhones. According to Nikkei Asia, NAND flash memory is a key component found in all electronic devices from smartphones and personal computers to servers. These Chinese chips are by far the most advanced produced by the chipmaker. Though YMTC chips are cheaper th...