TROY, Mich., October 15, 2024 – Altair (Nasdaq: ALTR) announced a collaboration with Motivo, a product engineering firm focused on translating forward-thinking visions into best-in-class products for clients in the mobility, energy, agriculture technology and aerospace sectors. Motivo utilizes Altair’s combination of engineering consulting and software to drive innovation for organizations in the aerospace industry. “We are […]
Aramco and Cerebras Sign AI MoU
September 11, 2024 by
SUNNYVALE, Calif. & RIYADH, Saudi Arabia – Cerebras Systems today announced the signing of a memorandum of understanding with Aramco under which they aim to bring high performance AI inference to industries, universities, and enterprises in Saudi Arabia. Aramco plans to build, train and deploy large language models using Cerebras’ CS-3 systems. Aramco’s new high-performance […]
TSMC Reports Second Quarter YoY Revenue Jump of 40%, Income up 36%
July 18, 2024 by
HSINCHU, Taiwan, R.O.C., Jul. 18, 2024 — TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$673.51 billion, net income of NT$247.85 billion, and diluted earnings per share of NT$9.56 (US$1.48 per ADR unit) for the second quarter ended June 30. Year-over-year, second quarter revenue increased 40.1 percent while net income and diluted EPS […]
U.S. in Preliminary $400M Deal with GlobalWafers to Build 300mm Silicon Wafer Fabs
July 18, 2024 by
The U.S. Department of Commerce yesterday announced a proposed $400 million CHIPS + Science Act investment to build what the agency said would be the first domestic fab for 300mm silicon wafers and expand ….
SMART Global Holdings to Become Penguin Solutions
July 16, 2024 by
NEW YORK – July 16, 2024 – Today, at its Nasdaq MarketSite Analyst Day event, SMART Global Holdings, Inc. (“SGH”) (NASDAQ: SGH) announced its intention to become Penguin Solutions, Inc. This rebranding is a continuation of the company’s transformation over the past several years and reflects its focus on delivering leading-edge solutions that solve the complexity of AI. […]
HPE-Nvidia 6 AI Exaflops Supercomputer to Be Installed at AIST Research Organization in Japan
July 11, 2024 by
Japan’s National Institute of Advanced Industrial Science and Technology (AIST) research organization will integrate thousands of Nvidia H200 Tensor Core GPUs into its HPE-Cray ….
AMD in $665M Acquisition of Silo AI
July 10, 2024 by
AMD announced it will acquire Helsinki-based Silo AI, which AMD said is the largest private AI lab in Europe, in an all-cash transaction valued at approximately $665 million. AMD said the acquisition is part of its efforts to deliver end-to-end AI solutions based on open ….
Altair to Acquire EDA Company Metrics Design Automation
July 1, 2024 by
TROY, Mich., July 1, 2024 – Altair (Nasdaq: ALTR) announced it has agred to acquire the outstanding capital stock of Metrics Design Automation Inc. (Metrics), a Canadian company with a simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification. Closing of the transaction is subject to customary conditions. The Metrics […]
HPE’s $14B Acquisition of Juniper Networks under Review by UK Competition Authority
June 19, 2024 by
HPE’s planned $14 billion acquisition of Juniper Networks, announced in January, has run into a potential snag: the UK government’s Competition and Markets Authority (CMA) is investigating the deal ….
Report: TSMC’s ASML Chip Machines Can Be Remotely Shut Down if China Invades Taiwan
May 24, 2024 by
An invasion of Taiwan by China is unthinkable in multiple ways: it could lead to a regional war between China, U.S. allies in southeastern Asia and possibly the U.S. itself. It would be tragic for the people of Taiwan. It would be ….
