Japanese chipmaker Renesas Electronics will cut less than 5% of its global workforce, amounting to fewer than 1,000 positions, as it grapples with sluggish demand for its chips.
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Stock market today: Asian shares mostly rise after Wall Street rally led by Nvidia
Stock Market Today: World Shares Are Mixed After Wall St Slumps Despite Strong US Economic Data
World shares are mixed after shares slumped on Wall Street despite better-than-expected reports on the U.S. jobs market and business activity
· 1d · on MSN
Stock market today: Wall Street turns mixed following good news on the economy
Ibiden, a supplier of Nvidia for chip package substrates, may need to increase production capacity to meet robust demand from AI chip customers.
TSMC, the world’s largest contract chipmaker, launched a semiconductor manufacturing business called JASM Inc. in Japan three years ago. It’s a joint venture with Sony Group Corp. and Denso Corp., a major auto parts supplier. TSMC broke ground on the Kumamoto fab in April 2022 and completed construction earlier this year.
Though Nvidia’s latest announcements gave an upbeat view of the company’s long-range prospects, there wasn’t as much near-term upside as some investors had sought.
CEO Jensen Huang laid out how the world's second-most valuable firm is bringing technology that powers its lucrative data center AI chips to consumer PCs and laptops.
The GPU king also unveiled agentic AI software tools, robotics training frameworks, and a dedicated AI workstation.
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