Tag: TSMC

BusinessSemiconductorsTechnology

Intel Stock Surges Following Strong Q3 Results and Upbeat Forecast

Intel’s stock jumped following a positive earnings report that exceeded Wall Street expectations. The chipmaker reported $13.7 billion in Q3 revenue and provided encouraging guidance for the current quarter amid its costly US manufacturing expansion.

Strong Quarterly Performance

Intel shares reportedly jumped approximately 5% in after-hours trading following the company’s third-quarter earnings release, according to financial reports. The chipmaker posted revenue of $13.7 billion, representing a 3% year-over-year increase and beating Wall Street expectations of $13.1 billion, sources indicate.

by Mason Drayton
HardwareSemiconductorsTechnology

Tesla’s AI5 Chip Production to Ramp Up with Dual Foundry Strategy, Musk Confirms

Tesla CEO Elon Musk has detailed the company’s ambitious AI chip strategy during its third-quarter earnings call. The electric vehicle maker plans “excess production” of its AI5 processors through manufacturing partnerships with both Samsung and TSMC at their U.S. facilities.

Tesla’s Dual Foundry Approach for AI Chip Production

According to reports from Tesla’s third-quarter earnings call, CEO Elon Musk revealed that the company’s forthcoming AI5 chip will be manufactured by both Samsung and TSMC at their respective U.S. facilities in Texas and Arizona. Sources indicate this dual-foundry strategy represents a significant expansion of Tesla’s semiconductor production capabilities as the company aims for what Musk described as “excess production” of the advanced processors.

by Darren Holt