Nvidia issued a strong warning on Thursday about the use of unauthorized AI chips in underground data centers, calling the practice both technically flawed and economically unsustainable. The statement followed a recent investigative report alleging that over $1 billion worth of Nvidia’s high-performance chips have been illicitly funneled into China. “Building data centers using smuggled […]
Intel delivered better-than-expected revenue results in the second quarter, but its stock dipped 5% in after-hours trading as CEO Lip-Bu Tan revealed deep cuts to the company’s chip manufacturing investments. The semiconductor giant reported $12.86 billion in revenue, surpassing the forecast of $11.92 billion. Adjusted earnings showed a loss of 10 cents per share. For […]
Advanced Micro Devices (AMD) announced on Tuesday that it will soon restart shipments of its MI308 artificial intelligence chips to China, sending its stock up more than 6% following the announcement. The company stated that the U.S. Department of Commerce has begun reviewing license applications again, allowing AMD to move forward with exports once approval […]