China’s AI-Driven Memory Chip Surge Tenfolds CXMT Revenue

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CXMT Corp.’s first-half revenue increased nearly tenfold, accompanied by a significant rise in profit, indicative of the heightened demand for AI hardware that has positioned the memory chipmaker as China’s most valuable enterprise. The Hefei-based company’s revenue expanded to 150.3 Read More …

Samsung Chip Profit Soars as AI Demand Drives Growth

Samsung

Samsung Electronics on Thursday reported a profit increase in its chip division exceeding 250 times and revealed multi-year supply agreements with prominent data center operators. The company anticipates that global chip shortages will intensify and persist until 2028. The optimistic Read More …

U.S. Stocks Could Climb Higher as Apple Soars

Apple

The major U.S. index futures indicate a higher opening on Friday, suggesting that stocks may experience additional gains following the rally observed in the prior session. Apple may help lead an extended advance on Wall Street, as the tech giant Read More …