Author: Stephen Nellis
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Cadence to buy BETA CAE Systems for $1.24 billion
By Stephen Nellis and Arsheeya Bajwa (Reuters) -Cadence Design Systems will buy BETA CAE Systems International AG, which makes software for analyzing car and jet engine designs, for $1.24 billion in cash and stock, Cadence said on Tuesday. Cadence will pay about $744 million in cash and the rest in stock. The San Jose, California-based…
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IBM shows new quantum computing chip, targeting 2033 for large systems
By Stephen Nellis (Reuters) – International Business Machines on Monday showed a new quantum computing chip and machine that it hopes will serve as the building blocks of much larger systems a decade from now. Researchers around the world are trying to perfect quantum computing, which relies on quantum mechanics to reach computing speeds far…
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Onsemi cuts jobs, sees weak 4th quarter on slowing EV demand
By Juby Babu and Stephen Nellis (Reuters) – Chipmaker Onsemi forecast a tepid fourth quarter and cut about 900 jobs, sparking fears that weak electric vehicle (EV) demand has begun to hurt orders for its chips from the auto sector and sending its shares tumbling 18.3% on Monday. The company, whose clients include European automaker…
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Epic Games asks US Supreme Court to review Apple antitrust case
By Stephen Nellis (Reuters) – Epic Games on Wednesday asked the U.S. Supreme Court to review the antitrust case it brought against Apple, hoping to reverse lower court rulings that have found the iPhone maker has not violated antitrust laws. “Fortnite” owner Epic has waged a multi-year legal battle against Apple alleging its App Store,…
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Adobe rolls out AI features, plans for price hikes and payouts
By Stephen Nellis (Reuters) – After months of testing, Adobe on Wednesday opened up access to a range of generative artificial intelligence features across its software, with plans to raise prices but also to pay the contributors whose work helps make the features possible. Adobe makes Photoshop and other editing tools that form the core…
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AI chip startup Enfabrica raises $125 million, with backing from Nvidia
By Stephen Nellis (Reuters) – Enfabrica, a Silicon Valley chip startup working on networking chips for artificial intelligence data centers, said on Tuesday that it has raised $125 million in venture capital, with Nvidia joining as a strategic investor. Founded by executives from Broadcom and Alphabet’s Google, Enfabrica is part of a broader trend of…
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Qualcomm to supply Apple with 5G chips until 2026 under new deal
By Stephen Nellis (Reuters) -Qualcomm on Monday said it had signed a deal with Apple to supply 5G chips until at least 2026, at a time when the iPhone maker faces increased challenges in China and looks to reinforce its supply chains elsewhere. Qualcomm shares were up 3.2% at $109.55 after markets opened. The company…
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In challenge to Nvidia, AMD will ramp up AI chip production this year
By Stephen Nellis (Reuters) -Advanced Micro Devices production of a new artificial intelligence chip to challenge market leader Nvidia Corp will ramp up in the fourth quarter, the company said on Tuesday. At an event in San Francisco, AMD Chief Executive Lisa Su said the new MI300X chip will have 192 gigabytes of memory, more…
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Exclusive-After Micron ban, Chinese chip firm CXMT should go on U.S. trade blacklist, top lawmaker says
By Stephen Nellis and Karen Freifeld WASHINGTON (Reuters) -The U.S. Commerce Department should add Chinese memory chip maker Changxin Memory Technologies (CXMT) to a trade blacklist after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives’ committee on China said on…
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Applied Materials to invest $4 billion in Silicon Valley chip research center
By Jane Lanhee Lee and Stephen Nellis SANTA CLARA, California (Reuters) – U.S. semiconductor toolmaker Applied Materials Inc on Monday said it plans to spend up to $4 billion on a research center in the heart of Silicon Valley to speed up advances in semiconductor manufacturing. The center, which will be based in Sunnyvale, California,…