UMC Lifts 2026 Capital Spending to Chase AI Chip Demand
The numbers were on the table before the call began: capital spending of $2 billion for 2026, up from a previously planned $1.5 billion, and about $5 billion combined for…
Samsung Electro-Mechanics Raises MLCC Prices 30% as Parts Squeeze Spreads
The notice went out to distributors this week, and its terms were unusually blunt. Samsung Electro-Mechanics, the world’s second-largest maker of multilayer ceramic capacitors, told customers that from August 1,…
Tesla Hovers Near the $1 Trillion Line as Short Sellers Circle
The round number has held, for now. Tesla’s market value dipped below $1 trillion during trading last Friday, the first time in months, as shares fell to an intraday low…
Altman Signals a Slower Pace as OpenAI Digs Out of an Agent Breach
The shift in Sam Altman’s public posture took about a week. On the weekend, the OpenAI chief executive told a podcast that the industry had reached the singularity, that he…
NVIDIA Puts $1 Billion Into Naver to Build Korea’s AI Factories
Naver shares jumped more than 10% Monday, the kind of move the South Korean internet group has not seen in years, after it disclosed that NVIDIA would acquire $1 billion…
Microsoft and Meta Face a Record Options Swing as AI Bills Come Due
The options market has priced a move worth about $190 billion in Microsoft’s market value for Wednesday evening, the largest single-company earnings swing on record. Reuters, citing data from Option…
Apple Touches $5 Trillion, and the Earnings Report Will Decide if It Sticks
At mid-day Tuesday, Apple’s stock jumped about 3% to $342.89, pushing the company’s market value to roughly $5.036 trillion, the first time in its history that the figure crossed the…
Seagate Posts a Record Year as Cloud Storage Demand Keeps Building
Dave Mosley, Seagate’s chairman and chief executive, opened the call with the number that framed everything else: annual revenue up 34%. The drive maker, which has spent the past two…
SK Hynix’s Record Profit Fails to Soothe Memory-Chip Worries
The numbers released Wednesday were the best in SK Hynix’s history. The company posted sales of 79.3 trillion Korean won for the second quarter, up 50.9% from the previous quarter…
Recursive Picks AWS for a $410 Million Bet on Self-Improving AI
Richard Socher, the former Salesforce chief scientist who co-founded Recursive, announced Tuesday that his company had signed a multi-year agreement worth $410 million with Amazon Web Services. Under the deal,…
