Intel has raised $20 billion from an upsized share offering, as it looks to fund the costly build-out of its chip contract manufacturing business by cashing in on a stock surge fueled by its turnaround efforts.
Intel has announced a $15bn common-stock offering, a sale that could swell to as much as $20bn if underwriters take up their overallotment options. It is a bold move for a company that, not long ago, looked like a cautionary tale, and it shows just how far th…
Sony and TSMC plan to invest about 1 trillion yen, roughly $6.3 billion, in a joint venture to mass-produce next-generation image sensors in Kumamoto, Japan. Production could start as early as 2029. [Read More]
When Broadcom (NASDAQ: AVGO) reported fiscal second-quarter results in early June, CEO Hock Tan repeated the biggest number in the company's story. Broadcom, he told analysts on the earnings call, still expects fiscal 2027 AI semiconductor revenue "in excess …
The $50 billion federal Rural Health Transformation Program is set to flood rural America with new AI health tools. That’s despite little evidence on whether health-related AI can improve access to care and patient health in those communities.
