Broadcom, a leading chip supplier, is expected to see a significant increase in its stock price following speculation that the company has secured a major contract with Alphabet for its next-generation AI ASIC accelerator chips. JPMorgan analyst Harlan Sur predicts that this contract could boost Broadcom’s stock by 20% from its current level. Sur estimates … Read more
Intel has announced a new partnership agreement with Sharp to improve chip production efficiency, but this news did not excite investors as Intel shares fell slightly. Sharp had excess capacity in some of its LCD plants in Japan, allowing Intel to take over some of that capacity to conduct research on semiconductor production methods. The … Read more
Qlik launched a new platform called Qlik Talend Cloud, integrating technology from recent acquisitions of Talend and Kyndi to offer data management and integration services. The platform includes a new GenAI assistant for unstructured data and partnerships with Snowflake and AWS to accelerate AI adoption. Qlik CEO Mike Capone emphasized the importance of data quality … Read more
China is making moves to bolster its domestic semiconductor industry by creating the largest semiconductor investment fund in its history, called Gran Fondo III. This fund has raised 344 billion yuan (about $48 billion) from the Chinese central government, banks, and state-owned enterprises. The goal is to circumvent the US government’s ban on chips from … Read more
Hewlett Packard Enterprise (HPE) has introduced new solutions under its HPE GreenLake cloud platform, aiming to simplify storage management and optimize workloads across different cloud environments. One of the offerings is the HPE GreenLake Block Storage for Amazon Web Services (AWS), a software-defined storage solution designed for hybrid cloud environments. Additionally, the HPE Timeless Program … Read more