The S&P 500 gained 14.8% in Q2 2026, its strongest quarter since Q2 2020, as the Philadelphia Semiconductor Index soared 87.8% — while Bitcoin fell to $58,631, its lowest point of 2026.
Tag: semiconductors
Posted inMarkets
US chip stocks cap worst AI week yet as semiconductor index sheds 5.3%
The PHLX Semiconductor index fell 5.3% on June 29 as Micron shed 6.7% and AMD declined 2.1%, capping a week in which the Nasdaq lost 4.6% amid deepening doubt about near-term AI revenue.
Posted inTech
Qualcomm closes $3.9 billion Modular deal and advances Tenstorrent talks in $14 billion AI chip push
Qualcomm confirmed the $3.9 billion acquisition of AI software startup Modular on 24 June while continuing talks to buy chip designer Tenstorrent for up to $10 billion.
Posted inMarkets
SK Hynix targets $29 billion Nasdaq listing to fund AI memory expansion
South Korea’s SK Hynix filed to list ADRs on Nasdaq on 10 July, seeking to raise roughly $29 billion in what would rank among the largest US share offerings on record.
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Micron guides Q4 revenue to $50 billion as AI memory demand outruns supply
Micron reported Q3 FY2026 revenue of $41.46 billion — smashing guidance by $8 billion — and guided Q4 to $50 billion as AI memory demand outpaces chip supply.
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KOSPI tumbles nearly 10% as South Korea’s AI semiconductor rally cracks
South Korea’s KOSPI fell 9.99% on June 23, triggering a circuit breaker absent since the 2020 COVID crash, as SK Hynix and Samsung each lost more than 12% in a single session.
Posted inTech
House panel clears bill to subject AI chip exports to weapons-sale review
The House Foreign Affairs Committee advanced the AI OVERWATCH Act 42–2–1, a bill that would require congressional review of advanced chip exports to adversaries and ban Nvidia Blackwell sales to China for two years.
Posted inMarkets
Intel stock leaps 10.6% as Trump announces Apple chip manufacturing deal
Intel shares jumped 10.6% on June 18 after President Trump announced Apple and Intel would work together on US chip design and manufacturing.
Posted inTech
London Tech Week closes with £6bn in AI pledges and a national compute push
London Tech Week 2026 concluded with £6 billion in AI pledges, including AMD’s £2bn five-year commitment and a UK government £1.1bn AI Hardware Plan anchored by a £750m national supercomputer.
Posted inTech
FTC opens antitrust probe into Arm as chip designer turns competitor
The US Federal Trade Commission has launched an antitrust investigation into Arm Holdings, questioning whether the chip architect is restricting rivals’ access to processor blueprints after launching its own data-centre chip in March 2026.