Tag: business

China’s SMIC saw a 61% annual revenue increase to $173 million, driven by AI demand and unique regional factors amid sanctions.

TSMC’s January revenue jumped 37% to $12.7 billion, fueled by strong orders for advanced AI semiconductor technologies.

Big Tech firms saw a collective $1 trillion loss in market capitalization as investors grow wary of soaring capital expenditures.

Sony’s operating profit surged 22% driven by subscription services, offsetting a 16% drop in PS5 shipments in the latest quarter.

SpaceX has officially acquired Elon Musk’s AI startup xAI in a $1.25 trillion deal, marking a significant move in private tech ventures.

Arm raises revenue thresholds, enabling more established startups to access its chip architectures without licensing fees.

Elon Musk confirms discussions on merging SpaceX and xAI as AI project costs reach $1 billion per month, highlighting funding challenges.

Apple bypasses Anthropic’s Claude AI for Siri integration due to rising costs, choosing a collaboration with Google instead.

Nvidia’s planned $100 billion investment in OpenAI to support AI model development has been paused amid executive concerns.

The global smartphone market hit $143 billion in Q4 2025, boosted by a rise in premium device sales and higher average prices.

Sandisk’s Q2 2026 earnings surged following its split from Western Digital, with AI technology playing a key role in its rapid expansion.

Apple’s revenue rose 16% to $143.76B last quarter despite facing higher-than-usual shortages of its own processors impacting production.

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