Tag Archives: Chipmaker

Politicians can end up with strange bedfellows in this chaotic age, but certain economic tenets are virtually incontrovertible: calls to nationalize industry typically come from the left, while the right steadfastly opposes those efforts in favor of market-based solutions. And yet, for some reason, the ever-chaotic president Donald Trump has directed the US government to acquire a 10 percent stake …

Lily Jamali Reporting fromSan Francisco Getty Images US Secretary of Commerce Howard Lutnick said on Friday that the federal government will take a 10% stake in US chipmaker Intel. “This historic agreement strengthens US leadership in semiconductors, which will both grow our economy and help secure America’s technological edge,” Lutnick wrote on X in a post accompanied by a photo …

Advanced Micro Devices (AMD) reported second-quarter revenue and issued current-quarter guidance above analysts’ projections Tuesday, but shares slipped in after-hours trading. The Santa Clara, Calif.-based firm posted revenue that jumped 32% year-over-year to a record $7.67 billion, well above the $7.43 billion consensus estimate of analysts polled by Visible Alpha. Adjusted earnings per share of $0.48 matched expectations. Data Center …

TSMC workers walk down a hallway in a chipmaking fab in Taiwan. The company is building three such plants in Arizona. TSMC Taiwan Semiconductor Manufacturing Co. said on Tuesday that it had detected “unauthorized activities” that lead to the discovery of potential trade secret leaks. The world’s biggest semiconductor manufacturer told CNBC that it has taken “strict” disciplinary action against …

Intel’s mass layoffs amped up considerably Friday evening with word that the company plans to lay off nearly 2,400 Oregon workers — nearly five times as many as it had reported earlier in the week. The chipmaker has been firing workers all week as new CEO Lip-Bu Tan seeks to streamline Intel’s operations and reduce spending. He’s responding to a …