Nvidia Posts Record $96.2B Quarter, Sees 70% Growth Ahead
Nvidia's quarterly revenue more than doubled to $96.2 billion, and the company issued its first-ever full-year forecast: 70% revenue growth for fiscal 2028.
Read more →AI in Businessand AI Hardware
Every AI News story tagged with both AI in Business and AI Hardware — the two topics side by side, updated as new articles publish.
37 articles
SK Hynix Approves Record $28.6B Buyback After AI Stock Slide
SK Hynix will buy back and cancel $28.6 billion in shares, the largest such program in Korean corporate history, after its stock fell more than 50% in two months despite record AI memory demand.
Read more →Google Wins Right to Buy $12.2B Marvell Stake in Chip Deal
Marvell issued Google a warrant worth up to $12.2 billion in stock, tied to an expanded deal for custom AI chips in Google's TPU ecosystem, an SEC filing shows.
Read more →Robot-Safety Startup FORT Robotics to List on Nasdaq for $556M
FORT Robotics, whose safety systems certify robots for Google DeepMind and Zoox, is going public through a SPAC merger valuing it at $556.6 million.
Read more →
What Is a Follow-On Stock Offering — and Why Chipmakers Use One?
A plain-language guide to follow-on stock offerings: how a public company raises fresh cash by selling new shares, and why chipmakers are increasingly using them to pay for AI expansion.
Read more →Intel Raises $20 Billion in Stock Sale to Fund AI Chip Expansion
Intel priced a $20 billion stock offering on August 10, upsized from an initial $15 billion plan, to fund AI chip manufacturing and foundry expansion.
Read more →AMD Acquires Taalas, an AI Inference Chip Startup
AMD has agreed to acquire Taalas, a Toronto startup that etches AI models directly into silicon, aiming to boost inference speed and efficiency across its chip lineup.
Read more →GlobalFoundries Wins $300M US Grant for AI Chip Photonics
The U.S. Commerce Department is giving GlobalFoundries up to $300 million to build optical links for AI chips, part of an $874 million CHIPS push across seven firms.
Read more →China's CXMT Chip IPO Surges 466%, Rattles Global Rivals
ChangXin Memory Technologies raised $8.6 billion in a record Shanghai IPO, then surged as much as 466% on debut, becoming China's most valuable mainland-listed firm and rattling Micron and SK Hynix shares.
Read more →Samsung, Broadcom Sign $200 Billion AI Chip Pact Through 2030
Samsung Electronics and Broadcom signed a memorandum of understanding worth more than $200 billion covering memory, chip manufacturing and packaging for AI accelerators through 2030.
Read more →AMD to Invest Up to $5B in Anthropic, Deploy 2GW of AI Chips
AMD will invest up to $5 billion in Anthropic and supply as much as 2 gigawatts of Instinct MI450 GPUs, one of the chipmaker's biggest moves yet against Nvidia.
Read more →Apple Briefly Overtakes Nvidia as Kimi K3 Spooks Chip Investors
Apple's market value briefly surpassed Nvidia's on July 17 after Moonshot AI's Kimi K3 model revived doubts about AI infrastructure spending, though Nvidia reclaimed the lead by the close.
Read more →TSMC Pledges Extra $100B for Arizona Fabs, US Total Hits $265B
TSMC will invest $100 billion more in Arizona, lifting its total US commitment to $265 billion, after a record quarter driven by AI chip demand.
Read more →LimX Dynamics Raises $200M Pre-IPO, Eyes Public Listing
Shenzhen humanoid-robot maker LimX Dynamics closed a nearly $200 million pre-IPO round on July 14, valuing it at about $2.1 billion as it pushes toward a stock listing.
Read more →Nvidia, Japan Unveil National AI Factory With 27,500 Rubin GPUs
Japan's government and a 44-company consortium called Noetra partnered with Nvidia to build a 140-megawatt AI factory powering open foundation models for robotics and manufacturing.
Read more →Blackstone, Apollo, KKR Invest $5.34B in Williams' AI Power Plants
A Blackstone-led investor group is funding 49% of five natural-gas power plants that pipeline giant Williams is building largely to supply electricity to AI data centers.
Read more →Anthropic Recruits Monzo Co-Founder to Tackle Compute Crunch
Monzo co-founder Tom Blomfield is taking leave from Y Combinator to join Anthropic's compute team, as the AI lab races to secure the computing power it needs to keep scaling Claude.
Read more →Dongfang Suanxin Unveils DF1000 AI Chip to Skirt US Chip Curbs
Shanghai startup Dongfang Suanxin unveiled its DF1000 AI chip on July 13, bypassing US export curbs with 3D memory stacking instead of banned high-bandwidth memory.
Read more →Intel Commits €5 Billion to Expand Chip Plant in Ireland
Intel will invest €5 billion to expand its Leixlip campus in Ireland, adding capacity for Xeon server processors as AI data center demand strains chip supply.
Read more →Meta Expands Louisiana AI Data Center to $50 Billion, 5 Gigawatts
Meta is expanding its Hyperion data center in Richland Parish, Louisiana, to 5 gigawatts of capacity, pushing total investment past $50 billion and funding local schools and infrastructure.
Read more →UST Cuts Chip Validation Time 50–70% With Anthropic's Claude
UST, an engineering services firm serving chipmakers and manufacturers, says integrating Anthropic's Claude into its hardware validation platform cut test cycles by up to 70%.
Read more →