Intel appointed four senior leaders, including a new chief revenue officer and top AI engineers, to strengthen its technical capabilities amid intensifying semiconductor industry competition.
Texas Instruments plans to invest $60 billion to expand U.S. chip manufacturing, creating 60,000 jobs. Apple, Ford, Medtronic, NVIDIA, and SpaceX support the initiative.
The company said its seven factories will span three manufacturing mega-sites and manufacture “hundreds of millions” of U.S.-made chips daily, while creating over 60,000 new U.S. jobs.
Jonah Cheng’s liquidation followed fears about delays in GB200 racks, inventory risks, a lack of upward revisions to earnings forecasts, competition from custom-designed chips, and uncertainty around spending by cloud computing companies.
Analysts said the Helios rack will play a key role in driving growth for AMD’s Instinct GPUs, which power AI and high-performance computing workloads, and could accelerate the company’s broader recovery.
The Lisa Su-led company also said its end-to-end, open-standards rack-scale AI infrastructure meant for hyperscalers will be broadly available in the second half of 2025.
Saudi Arabia also hopes to emerge as the leader in the Middle East AI landscape, gaining an edge over the United Arab Emirates, another dominant AI player in the region.
Qualcomm stated that the deal would bring “key assets” to its product lineup, enabling it to better address the rising demand for high-performance, low-power computing driven by AI inference workloads.
Daiwa Capital Markets analyst Louis Miscioscia expects more clarity at Nvidia’s upcoming GTC event in Paris on June 11, where the company is likely to share updates on its AI chip roadmap.
The three-year project is expected to generate $102.7 million in revenue by 2035, and aims to yield 50 products, 15 patents, and over $45.6 million in additional investment.
