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Xiaomi launches new Xring chip, partners with TSMC for production, sources say
Reuters33d agoneutral
Xiaomi launches new Xring chip, partners with TSMC for production, sources say

Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring handset processor, betting that deeper control over key components will help strengthen its supply chain ‌and reduce reliance on external chip suppliers. The introduction of Xring O3 comes a year after Xiaomi launched ‌its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals such as Apple, Samsung ​Electronics and Huawei in developing its own chips. TSMC will manufacture the new chip using its 3-nanometre production technology, two people familiar with the matter said.

Nvidia discusses Perplexity investment at $30 billion-plus valuation, The Information reports
Reuters33d agoneutral
Nvidia discusses Perplexity investment at $30 billion-plus valuation, The Information reports

Nvidia is in talks to invest in Perplexity as part of an equity ‌funding round that would value the AI startup ‌at more than $30 billion, The Information reported on Sunday, citing people ​with knowledge of the discussion. The funding round would increase Perplexity's valuation by more than 50% from its previous financing a year ago, according to the report. Perplexity's annualized revenue has ‌risen to more ⁠than $750 million from less than $250 million at the start of the year, the report said.

UAW Workers Reject Deere’s Contract Extension Offer, Setting Up 2027 Battle
The Wall Street Journal33d agoneutral
UAW Workers Reject Deere’s Contract Extension Offer, Setting Up 2027 Battle

Members of the United Auto Workers voted down an offer from Deere to extend its contract with the union by two years, setting up what will likely be a contentious negotiation for a new contract next year. UAW President Shawn Fain derided the unprecedented offer, calling it an effort to avoid the regular collective bargaining process. Deere officials didn’t immediately respond to a request for comment about the vote results.

Alibaba set to open down 8% in Hong Kong after $10.2 billion share placement plan
Reuters33d agoneutral
Alibaba set to open down 8% in Hong Kong after $10.2 billion share placement plan

Hong Kong-listed ‌shares of ‌Alibaba are set to ​open 8% lower on Monday after the Chinese ‌e-commerce ⁠and cloud computing giant launched ⁠a $10.2 billion share placement ​to fund ​AI ​development. Alibaba said ‌on Monday said it has priced its HK$80 billion ($10.21 billion) share ‌placement at ​HK$112.70 ​apiece, ​in an ‌offering aimed at ​funding ​artificial intelligence-related development.

Wall Street Is Counting on Nvidia to Keep the AI Party Going
The Wall Street Journal33d agoneutral
Wall Street Is Counting on Nvidia to Keep the AI Party Going

Chip makers are fighting to assure investors that the artificial-intelligence boom is racing forward. Wall Street might not believe it until Nvidia’s   Jensen Huang says so. When Huang steps up to the mic for his company’s earnings call Wednesday, he will have the world’s attention.

Nvidia Notifies Customers About AI-Related Price Hikes
Bloomberg33d agoneutralVIDEO
Nvidia Notifies Customers About AI-Related Price Hikes

Nvidia Corp.'s biggest customers have been told that the prices of servers containing its artificial intelligence chips are going up more than 15% in many cases with memory chip costs soaring. Bloomberg's Anthony Stephens breaks down what we know so far.

Samsung Electronics shares fall after shareholder return announcement
Reuters33d agoneutral
Samsung Electronics shares fall after shareholder return announcement

Shares of ‌Samsung Electronics ‌fell more than 5% ​in early trade on Monday, after the ‌South Korean ⁠chipmaker said last week ⁠its shareholder returns this ​year could ​reach ​up to ‌110 trillion won ($79.38 billion). The shares were down 5.2% by 0013 GMT, ‌while ​peer chipmaker ​SK ​Hynix ‌was up 2.4%. The ​benchmark ​KOSPI index fell 0.7%.