Enflame Technology opens subscriptions September 2 for a 6-billion-yuan Shanghai STAR Market IPO, becoming the last of China’s four major GPU companies to go public as Beijing accelerates domestic chip development.
Tag: AI chips
Posted inMarkets
Nvidia Posts $96 Billion Quarter and Guides to $108 Billion Ahead
Nvidia posted $96.2 billion in second-quarter revenue, up 106% year-on-year, and guided the next quarter to $108 billion on sustained data center demand.
Posted inTech
Marvell Grants Google a $12.2 Billion Stake Option in Custom AI Chip Alliance
Marvell Technology issued Google warrants to buy 58.97 million shares at $206.58 each, tied to a chip partnership covering AI inference accelerators and networking components that could yield $120 billion through 2033.
Posted inTech
Apple Tests Chinese CXMT Memory Chips for iPhones as Senate Warns Against the Move
Apple is evaluating DRAM from China’s CXMT for use in iPhones and MacBooks, according to reports from August 9, while bipartisan US senators warn against sourcing chips from Chinese suppliers.
Posted inTech
Tesla and SpaceX Announce $16.8 Billion Terafab Chip Factory in Texas
Tesla and SpaceX are jointly developing a $16.8 billion semiconductor campus called Terafab in Grimes County, Texas, to produce memory and logic chips for vehicles, Optimus robots and spacecraft systems.
Posted inTech
AMD Data Centre Revenue Doubles as Helios AI Platform Enters Production
AMD’s Q2 2026 data centre revenue doubled to $6.7 billion as the Helios AI platform entered production with Anthropic and Microsoft as launch customers.
Posted inMarkets
Chip Stocks Slide as AI Capex Fears Grip Markets Ahead of FOMC
Semiconductor shares led Monday’s market decline, with Nvidia down 5%, AMD off 5.2%, and Sandisk shedding 11% on fears that circular AI financing could unravel if hyperscalers scale back data-centre spending.
Posted inTech
China Weighs Export Controls on AI Models, Training Data and Use of TSMC
China’s Ministry of Commerce is consulting AI and chip companies on export controls that would restrict overseas access to Chinese AI models, training data, and ban use of TSMC for Chinese chip designs.
Posted inTech
Intel Posts 59% AI Revenue Jump as Data Center Demand Outpaces Client Chips
Intel reported Q2 2026 revenue of $16.1 billion, up 25%, with its Data Center and AI segment surging 59% to $6.3 billion—nearly doubling the analyst consensus on non-GAAP EPS.
Posted inTech
ASML Eyes 10% Price Hike on Chip Tools as TSMC Resists
ASML raised its 2026 revenue forecast by up to 25% and is seeking price increases on both its extreme ultraviolet and older deep ultraviolet machines, with Chinese customers already accepting a 10% DUV hike.