Exclusive-Chinese AI chip firms downgrading designs to secure TSMC production, sources say
By Fanny Potkin SINGAPORE (Reuters) – Some Chinese AI chip companies are now designing less powerful processors to retain access…
Category: Business
GameStop mania unfolded: Key milestones in meme stock frenzy
(Reuters) – GameStop is back in the limelight after a hiatus of three years with the return of social media…
TSMC says it has discussed moving fabs out of Taiwan but such a move impossible
By Faith Hung, Max A. Cherney and Ben Blanchard HSINCHU/TAIPEI, Taiwan (Reuters) -Taiwanese contract chipmaker TSMC, whose major clients include…
Roaring Kitty’s GameStop options up millions, but cashing in may be tricky
By Saqib Iqbal Ahmed NEW YORK (Reuters) – “Roaring Kitty” Keith Gill, the stock influencer behind the 2021 meme stock…
Ford US auto sales rise 11% in May
(Reuters) – Ford Motor Co said on Tuesday its U.S. auto sales rose 11% in May from a year earlier,…
OPEC+ seen prolonging cuts in 2024 and into 2025, two sources say
LONDON/DUBAI (Reuters) -OPEC+ will likely prolong voluntary oil cuts into the third and possibly fourth quarters of 2024 and extend…
American Airlines would consider new JetBlue venture if it wins appeal
By David Shepardson WASHINGTON (Reuters) – American Airlines told an appeals court Monday would consider a new arrangement with JetBlue…
Nvidia says its next-generation AI chip platform to be rolled out in 2026
TAIPEI (Reuters) -Nvidia Chief Executive Jensen Huang said on Sunday that the company’s next-generation artificial intelligence (AI) chip platform was…
Investors flock to Aramco share sale that could raise $13 billion
By Yousef Saba, Hadeel Al Sayegh and Maha El Dahan DUBAI (Reuters) -Saudi Arabia’s sale of shares in oil giant…
Toyota’s global volumes fall in April, led by drops in China and Japan
TOKYO (Reuters) – Toyota Motor’s April global sales and production fell from a year earlier, hurt by an intense price…