Intel’s new CEO Lip-Bu Tan wasted no time laying out his plans for the semiconductor giant. Speaking at the Intel Vision conference this week, Tan told attendees that the company will spin off assets that aren’t core to its mission, Bloomberg reported. Tan didn’t specify what was classified as core and non-core to the company’s […]
Lip-Bu Tan says Intel will spin off non-core units Read More »
AI chipmaking company Cerebras Systems’ IPO is delayed again as the public listing’s national security review drags on. Cerebras, which originally filed its intent to IPO in September 2024, thought the incoming Trump administration would help it breeze through its national security review, according to Reuters. That hasn’t been the case. The White House has
Cerebras Systems’ IPO is further delayed Read More »
FuriosaAI, a South Korean startup that makes chips for AI applications, has rejected an $800 million acquisition offer from Meta, opting instead to focus on developing and producing its AI chips, according to a local media report. Disagreements over post-acquisition business strategy and organizational structure, rather than price issues, caused the negotiations to break down,
AI chip startup FuriosaAI reportedly turns down $800M acquisition offer from Meta Read More »
Semiconductor giant Intel hired semiconductor veteran Lip-Bu Tan to be its new CEO. This news comes three months after Pat Gelsinger retired and stepped down from the company’s board, with Intel CFO David Zinsner and Executive Vice President of Client Relations Michelle Johnston Holthaus stepping in as co-CEOs. Tan, who was most recently the CEO
As Intel welcomes a new CEO, a look at where the company stands Read More »
EnCharge AI, a semiconductor startup developing analog memory chips for AI applications, has raised more than $100 million in a Series B round led by Tiger Global to spur its next stage of growth. The funding is significant partly because interest in AI is at an all-time high, but the high price of building and
EnCharge raises $100M+ to accelerate AI using analog chips Read More »
Intel is effectively killing Falcon Shores, its next-generation GPU for high-performance computing and AI workloads. The move comes as Intel tries to correct course after a number of disappointing product launches and historic losses, while competitors like AMD and Nvidia gain ground. Intel co-CEO Michelle Johnston Holthaus said during the company’s fourth-quarter earnings call Thursday,
Intel won’t bring its Falcon Shores AI chip to market Read More »
Apple has joined a consortium creating next-gen technology to link together chips in AI data centers. The consortium, the Ultra Accelerator Link Consortium, is developing a standard called UALink, which connects the AI accelerator chips found within a growing number of server farms. As of Tuesday, Apple is a member of the consortium’s board, along
Apple joins consortium to help develop next-gen AI data center tech Read More »
The rise of NVIDIA has spurred renewed investor interest in AI chip startups. One of them, Blaize, founded by former Intel engineers, is set to go public on NASDAQ in a SPAC deal on Tuesday, it announced on Monday. Founded in 2010, Blaize has raised $335 million from investors like Samsung and Mercedes-Benz. Headquartered in
The first AI chip startup to go public in 2025 will be Blaize Read More »
TikTok parent company ByteDance has big plans to buy Nvidia chips in 2025 — despite U.S. restrictions. ByteDance plans to spend $7 billion on the chips in 2025, according to reporting from The Information, citing inside sources. If ByteDance follows through, it will become one of the world’s top owners of Nvidia chips, despite U.S. efforts
ByteDance appears to be skirting US restrictions to buy Nvidia chips: Report Read More »
Apple is working with semiconductor company Broadcom on its first server chip designed to handle AI applications, according to The Information, which cited three people with knowledge of the project. Apple is known for designing its own chips — called Apple Silicon and primarily manufactured by TSMC — for its devices. But those chips weren’t
Apple reportedly developing AI server chip with Broadcom Read More »
