semiconductor

US stock market: Intel shares buck the chips rout, rise 8%

US stock market: Intel shares buck the chips rout, rise 8%

Intel Corp. shares bucked the chips rout on Wednesday, rising as much as 8.2 per cent on speculations that the company could benefit from policies under either a Biden or Trump administration. Chip stocks plunged on worries over trade curbs on companies giving China access to advanced semiconductor technology. The Philadelphia Semiconductor Index sank 4 per cent. According to a Bloomberg report, the Biden administration has told US allies, including the Netherlands, that it is considering using the most severe trade restrictions available if companies such as Tokyo Electron and ASML continue giving China access to advanced semiconductor technology. The…
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Generative AI is a bigger revolution than the internet, says chairman of Walden International

Generative AI is a bigger revolution than the internet, says chairman of Walden International

In an interview with CNBC-TV18, Lip-Bu Tan, Chairman of Walden International, shared his insights into the rapidly evolving landscape of generative AI and the semiconductor industry.Tan firmly believes that generative AI is not just a passing trend but a revolutionary force that will have a more significant impact than the internet. “In my personal opinion, generative AI is bigger than the impact of the internet. And it is also driving a lot of growth in semiconductors.” Tan drew parallels between the current generative AI boom and the early days of the internet. He noted that while the internet experienced a…
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