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TSMC's record quarterly profit of $13.5bn beats forecasts

TSMC, the world's main producer of advanced AI chips, posted record profit in the second quarter with forecast-beating growth of 60%, and noted that demand for artificial intelligence was getting stronger and stronger.

Business • 17 Jul

Nvidia's stock market value hit $3.89 trillion yesterday, just short of Apple's record

Nvidia on track to become world's most valuable company

Nvidia hit a market value of $3.92 trillion yesterday, briefly putting it on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI.

Business • 04 Jul

Nvidia hit from China export curbs not as bad as feared

Nvidia beat quarterly sales expectations as customers stockpiled its AI chips before fresh US curbs on China exports took effect.

Business • 29 May

Nvidia's graphics processors, or GPUs, dominate the market for training AI models

Nvidia software to create marketplace for AI power

Nvidia has today announced a new software platform that will create a marketplace for cloud-based artificial intelligence chips.

Business • 19 May

Advanced Micro Devices has issued a second-quarter revenue forecast that topped Wall Street estimates

AMD sees $1.5bn revenue hit from US curbs on China chips

Advanced Micro Devices has forecast a $1.5 billion hit to revenue this year due to new US curbs on chips, which require the company to obtain a license to ship advanced artificial-intelligence processors to China.

Business • 07 May

Samsung's headquarters in Seoul in South Korea

Samsung warns of slow AI chip sales in first quarter

Samsung Electronics has today warned of sluggish sales of its artificial intelligence chips in the current quarter due to US export restrictions to China, and as it worked towards launching an improved version of its high-end chips.

Business • 31 Jan

Ireland and a number of other countries including the UK will essentially be exempt from the ne AI export rules

Ireland to be exempt from new US rules on AI chip exports

The US government said it would further restrict artificial intelligence chip and technology exports, divvying up the world to keep advanced computing power in the US and among its allies while finding more ways to block China's access.

Business • 14 Jan

Nvidia set to become first trillion-dollar chip firm

Nvidia soared about 26% today taking it closer to a market value of $1 trillion after its stellar revenue forecast showed that Wall Street has yet to price in the game-changing potential of AI.

Business • 25 May 23

Nvidia has strained to meet demand for its AI chips in recent months

Nvidia shares soar nearly 30% as sales forecast jumps

Nvidia has forecast second-quarter revenue more than 50% above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificial-intelligence chips.