SK Hynix Plans $720 Billion Expansion to Triple Memory Capacity by 2034
The construction site stretches across the hills south of Seoul, where cranes now outnumber the trees. CNBC toured the complex on Aug. 13, and the scale of what SK Hynix…
China’s YMTC Jumps to No. 3 in NAND Shipments, Passing Micron and Kioxia
Counterpoint Research’s second-quarter shipment data, published Aug. 14, shows a shift in the memory industry that had been coming for years: Yangtze Memory Technologies, the Chinese NAND flash maker, rose…
Microsoft Retires Copilot Features and Mascot in a Rare Product Retreat
The mascot had a ten-month run: a round, purple creature named Mico that Microsoft introduced to give its AI assistant a face. On Aug. 13, the company said Mico is…
‘Big Short’ Investor Eisman Warns AI Boom Rests on Two Private Companies
Steve Eisman made his name betting against subprime mortgages before the 2008 financial crisis, a trade chronicled in the book and film “The Big Short.” On Aug. 13, he turned…
Applied Materials Posts Record $9.12 Billion Revenue, Shares Fall Anyway
Applied Materials reported record quarterly revenue of $9.12 billion on Aug. 13 after the market closed, beat Wall Street’s expectations for the current quarter, and described demand from AI chip…
Samsung’s First-Half R&D Hits Record 27.3 Trillion Won as Memory Boom Funds Expansion
The regulatory filing, published Aug. 14, is a snapshot of a company reinvesting every advantage it has: Samsung Electronics spent 27.3 trillion won, about $19 billion, on research and development…
Armani Stake Sale Risks Missing Will’s Deadline
Giorgio Armani put a calendar in his will. The founder, who died in September 2025, instructed his heirs to sell 15% of the fashion group that bears his name within…
Coherent Posts Record Year as Optical Sales Surge
Jim Anderson, the chief executive of Coherent, opened the company’s fiscal fourth-quarter call with a simple summary: a record year, significant margin expansion, and earnings growth that ran more than…
Cerebras Hardware Sales Slide as Cloud Revenue Soars
Cerebras Systems, the chip company that has spent years positioning itself as the challenger to Nvidia, reported quarterly results on Wednesday evening that showed its business moving in two directions…
Anthropic Prepares for October IPO as Investors Float $2 Trillion Value
In the past week, Anthropic’s investors have been making their case to anyone who will listen: the maker of the Claude AI models is worth $2 trillion. The Financial Times…
