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Tag: chip

Business
UK allocates £100m for global AI chip race

UK allocates £100m for global AI chip race

August 21, 2023November 20, 2024 AGS

The UK government plans to invest £100 million to establish a foothold in the competitive global market for computer chips essential for powering artificial intelligence (AI) technologies. UK aims to boost national AI resources with £100m investment amidst global competition … Continue reading UK allocates £100m for global AI chip race

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Samsung to reduce chip production as quarterly profits drop by 96%

Samsung to reduce chip production as quarterly profits drop by 96%

April 8, 2023November 20, 2024 AGS

Samsung Electronics is set to reduce memory chip production as it estimates a 96% drop in quarterly operating profit due to lower sales amid a slow global economy and reduced demand after the Covid-19 pandemic. Preliminary numbers indicate that operating … Continue reading Samsung to reduce chip production as quarterly profits drop by 96%

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