News
Market news, earnings recaps, and daily moves in AI and semiconductor stocks.
SK Hynix (SKHY) shares fall after lockup ends. Our ADR tracker shows a 36% premium to Seoul.
The US shares still trade well above the Seoul shares, and one Korean law limits who can sell.
Treasury fines Plug and Play parent $200,000 over unreported $92,478 investment in Chinese AI startup
The first fine under the US outbound investment rules is more than twice the size of the stake behind it.
Manus raises over $500 million with Tencent (TCEHY) backing after China forced Meta (META) to unwind its deal
It is the startup's first round since Beijing ordered Meta to withdraw the deal. Manus kept its new valuation private.
IBM and IonQ reach the final stage of DARPA's quantum test as PsiQuantum gets a $150 million loan offer
Four companies moved to DARPA's final quantum test. IonQ says its own agreement could be worth up to $300 million.
Citibank and BNY become the third and fourth banks to register Sivers (SIVEF) ADRs in a week
The registrations allow for more depositary shares than Sivers has stock outstanding, but none of the four banks has named a ticker or a start date.
Oracle (ORCL) is in talks with Apollo and Goldman on AI chip financing. Its borrowings and lease liabilities total $169 billion.
Oracle is negotiating with Apollo and Goldman Sachs on financing for chips it would lease. Its borrowings and lease liabilities already totaled $169.1 billion on August 31.
Former Groq engineers sue over Nvidia's (NVDA) $20 billion deal, calling it a sale without a vote
They say the deal was a sale in everything but name. Groq calls the suit meritless.
Broadcom (AVGO) is arranging more than $50 billion to finance OpenAI's chips
Apollo and Blackstone, already Broadcom's financing partners, are among the lenders approached. Oracle and SpaceX are raising chip debt too.
Samsung (005930) flags $80 billion quarterly profit, a tech-industry first. That's almost nine times last year's.
Samsung Electronics estimated its third-quarter operating profit at 107.4 trillion won ($79.9B), putting Samsung on course to become the first Korean company to report more than 100 trillion won ($74.4B) in quarterly operating profit. Detailed results come October 29.
TSMC (TSM) posted a record quarter. Whether it beat its own forecast depends on the exchange rate.
Sales rose 18% in one quarter and topped the analyst consensus. Full results land October 15.
FCC will vote October 29 on barring Chinese labs from testing electronics for the US market
Carr says 82% of electronics were tested in China last year. The FCC wants that testing moved by December 2028.
SpaceX (SPCX) asked for a band next to its new phone spectrum. Now the FCC will consider auctioning it.
The FCC put SpaceX's request on hold a day before Carr announced the vote. Amazon's phone satellites are in the picture too.
Trump to award science medals to Musk, Brin, Huang, and Su as disclosure shows trades in their companies
It's the first time Trump has presented the medal in either term. Dell and Nadella get a separate technology award.
Wolfspeed (WOLF) jumps 23% after hours on conditional $1.5 billion US loan offer. Here’s what it must do to get it.
The money isn't guaranteed yet. Wolfspeed's 8-K lists the contributions, debt conversions, and warrants the deal would require.
SemiAnalysis says users call IREN's (IREN) Prince George and Mackenzie data centers the industry's worst
SemiAnalysis praised IREN's Texas builds but disputed its managed-services claim. Nvidia's $70 exercise price sits far above the stock.
Microsoft's (MSFT) Nvidia-powered Surface Laptop Ultra starts at $2,599 and ships October 16
Microsoft is offering up to $1,000 back to MacBook Pro owners who switch. Before the event, analysts said price was the biggest question.
Meta, Google, and US agencies join Zuckerberg's Biohub in $1.8 billion push to build virtual cells
Part of the $1.8 billion was committed earlier, and the companies that pay in get an early look at the data. The first dataset is due in about a year.
27 Samsung and SK Hynix veterans worked at China's CXMT. Public profiles show 26 have left.
Chinese headhunters offered up to double the pay and three to five years of job security. Many took a detour through other employers first.
Centuries-old Scottish castle ruins could be dismantled for a 600MW data center
The heritage body says it normally avoids adding a designation once planning is underway. The developer says archaeologists would record the site first, and residents say they don't consent.
Samsung sets stock bonus rules as union estimates $560,000 bonuses for some memory chip workers
Samsung will withhold 49.5 percent before paying in shares that can't all be sold at once. Workers outside the chip division are getting far less.
Musk says TSMC (TSM) won't run Terafab as Intel (INTC) reaffirms its role
A newsletter had floated TSMC owning and operating the factory. Musk's post left room for a sublease, and TSMC shares fell in early trading.
Chinese AI companies released 16 models in September as Amodei urged a slowdown
Most of the new models are built for lower-cost use. Amodei's own essay tied any slowdown to the US lead over China.
AMD (AMD) CEO Lisa Su outlines tens of billions in supply-chain investment as Samsung foundry talks continue
Su met SK Hynix's CEO in Seoul, with Samsung's chip chief next on her schedule. The foundry talks from March are still open.
SpaceX (SPCX) seeks $40 billion in Apollo-led debt to buy Nvidia chips
Bond fund Pimco is among the lenders in talks, and the deal may not close until 2027. SpaceX shares slipped after hours while Nvidia and Apollo edged up.