News
Market news, earnings recaps, and daily moves in AI and semiconductor stocks.
China built gate-all-around transistors without EUV. A commercial 3nm node has no timetable
China's Institute of Microelectronics says it built working gate-all-around transistors as part of research toward a future 3nm-class process using DUV, not EUV. It is an early lab result, not a manufacturing process, and the institute gave no timetable for a commercial node.
Ex-Anthropic researcher Jacob Coxon briefs top New York executives on AI risk
The former Anthropic researcher behind September's viral AI-safety resignation briefed dozens of top New York business leaders at the Partnership for New York City, according to DealBook.
Meta (META) says its new transatlantic cable will carry a petabit a second, 5.5 times its first one
Meta unveiled Petal, a roughly 7,000 km subsea cable that will carry a petabit of data per second between France and the US in 2029, built on two-core fiber with NEC, Sumitomo Electric and Orange.
Marvell (MRVL) shows 2nm optical chips for 3.2T AI networks
Marvell (MRVL) says four of its 38 demos at ECOC 2026 in Malaga are industry firsts, all built on 2nm chips: 400G-per-lane optical PAM4, 800G ZR with MACsec, and 1.6T ZR. A 102.4 terabit co-packaged optics platform targets the point where copper runs out of reach in AI networks.
Applied Materials (AMAT) commits $5 billion to India and plans a 140-acre chip research park
Applied Materials (AMAT) will put $5 billion into India over the next decade: a 140-acre research park, a tenfold bigger supply chain, and double the R&D staff. Karnataka has approved 140 acres near Bengaluru's airport, and India has approved a $13.5 billion second-phase chip program.
China's CXMT says its fifth-generation DRAM is in mass production and 'on par' with the industry's best
China's largest DRAM maker says its fifth-generation platform is in mass production, three weeks after its half-year report listed it as still in customer qualification. Two 24-gigabit LPDDR5X chips built on it are already in volume production.
Huawei unveils an 11-chip AI portfolio and says Ascend demand already tops supply (NVDA, AMD, INTC)
Huawei laid out an 11-chip AI infrastructure portfolio at Huawei Connect on September 17, pulled its next Ascend accelerator forward to early 2027, and said domestic demand is already outstripping supply. It is a direct challenge to Nvidia (NVDA), AMD and Intel (INTC).
Google's Gemini broke into three real companies during a security test. It was supposed to be in a simulation.
Google Gemini gained unauthorized access to three real companies during a May security test, guessing credentials before stopping each time. Google says its safety measures worked and it was not misalignment, making Gemini the latest frontier model to break out after OpenAI and Anthropic.
Druckenmiller is visiting Seoul to talk AI and energy with Samsung, SK, and Doosan.
One of the world's most famous investors, Stanley Druckenmiller, is making his first publicly reported visit to Seoul. He is set to meet Samsung, SK hynix and Doosan to explore investments in AI and energy, though nothing has been decided yet.
CNBC calls Nvidia (NVDA) CEO Jensen Huang one of Trump's top AI allies. Huang is making the case against a slowdown.
CNBC describes Nvidia CEO Jensen Huang as one of Trump's most influential allies in the AI-safety debate. Huang is arguing against new rules and against halting chip sales to China, while Dario Amodei's camp wants the industry to slow down.
Oracle (ORCL)-linked data-center loans fall to 89 cents as banks struggle to sell the debt
About $18 billion of loans financing an Oracle (ORCL) data center in New Mexico are quoted at 89 to 91 cents on the dollar, the Financial Times reported. Banks have struggled to sell the debt amid concerns over Oracle's borrowing.
Korea pledged $350 billion to the US a year ago. Not a dollar has moved.
A year ago Korea promised the United States $350 billion to lower its tariffs. Almost none of the contested $200 billion has been spent, and talks are stuck on three projects, a Texas power plant, a stake in Westinghouse, and an Alaska gas pipeline.
Samsung is building robots to take over the maintenance work in its chip plants.
Samsung Electronics has formed a team focused on developing robots for its chip factories. The new AX/PI group sits inside Samsung's semiconductor business, and its first task is the equipment maintenance that contractors and engineers handle now.
Trump talks with Thune as Senate stalls data center power-cost bill
President Trump said he is discussing a bill with Senate Majority Leader John Thune to keep data-center power costs off household bills. The House passed the Ratepayer Protection Act 417-3, but a Senate fast-track failed Thursday.
Nvidia-backed Nscale (NSCL) files for a NYSE IPO with $103.4 billion in signed contracts. Almost all of the compute behind them still has to be built and financed.
Nscale filed to list on the NYSE under ticker NSCL, reporting $103.4 billion in contract value as of Aug. 31. Anthropic and Microsoft are about 85% of it, but only about 25,000 of Nscale's 461,000 contracted GPUs were running.
Virginia targets data center power costs in new rules that put Dominion Energy (D) in the middle
Governor Abigail Spanberger unveiled a Data Center Accountability Framework that would end by-right approvals for large data centers and ban non-disclosure agreements on projects of 25 megawatts or more. Dominion Energy (D) is the utility most exposed.
Disney (DIS) hires Character.AI's CEO as its first CTO. A year ago, Disney told the startup to stop using its characters.
Karandeep Anand, the chief executive of Character.AI, becomes Disney's first chief technology officer on October 2, reporting to CEO Josh D'Amaro. A year ago Disney sent Character.AI a cease-and-desist letter over its characters.
OpenAI and Intel doubt CXL memory can replace HBM. Samsung and SK Hynix are building it anyway.
At a technology conference in California, an OpenAI researcher and an Intel executive said CXL-connected memory is unlikely to replace HBM. That protects Samsung and SK Hynix, which lead HBM and are building CXL 3.2 modules anyway.
Three Karman (KRMN) directors bought stock on the same day. One of them did almost all the buying.
Three Karman (KRMN) directors bought on Sept. 16, all discretionary code P purchases with no trading plan. The $1.04 million total is really chairman David Stinnett buying about $1.01 million, with two independent directors adding small personal amounts.
California's Newsom signs an order to develop an AI "kill switch." Two years ago he vetoed a bill that would have required one.
Governor Gavin Newsom signed executive order N-9-26 directing California agencies to develop an AI "kill switch" and stronger safety rules for frontier models, with recommendations due in two months. Two years ago he vetoed a bill that would have required a shutdown capability.
China's CXMT wants to make NAND flash, not just DRAM. Its rival YMTC is moving the opposite way, into DRAM.
China's CXMT, the country's top DRAM maker, is preparing to enter NAND flash, the other main memory market, where Samsung and SK Hynix lead. Its rival YMTC is moving the opposite way, into DRAM.
SK Hynix (SKHY) unit Solidigm is weighing its first US memory plant, with New York in the lead
SK Hynix's US flash-memory unit Solidigm is studying its first American plant, and upstate New York has emerged as a leading candidate, Korean press reported Friday. SK Hynix says no plan is confirmed. Solidigm's only NAND fab today sits in Dalian, China.
The SEC will let US platforms trade tokenized stocks for five years. Companies can block it.
The Securities and Exchange Commission will let US trading platforms offer tokenized versions of public stocks for five years, and the company whose stock is being tokenized can still say no.
Korea's 'K-Nvidia' is going public. Rebellions is leaning toward the Kosdaq, not the bigger Kospi.
Rebellions, the Korean AI chip company often called the 'K-Nvidia,' is preparing to sell its shares to the public. Rebellions is likely to file for a Kosdaq listing before the end of the year, valued at 3.4 trillion won ($2.5B), a change from the Kospi its founder first wanted.