Nvidia's board approved a $150 billion increase to its stock buyback program, bringing total remaining authorization to $230 billion. The chipmaker cited strong AI-driven growth and cash reserves as rationale for the record-setting repurchase plan.
Bloomberg reports that Abu Dhabi AI firm G42 is exploring selling a majority stake to American companies and potentially reincorporating in the US to secure uninterrupted access to advanced Nvidia and AMD AI chips beyond its current license-free window, which expires around April 2027.
Broadcom CEO Hock Tan revealed during the company's Q3 2026 earnings call that Anthropic is the company's largest XPU customer. Broadcom reported $16.7 billion in AI semiconductor revenue and forecasts AI revenue reaching $230 billion by fiscal 2028.
Marvell Technology agreed to give Alphabet's Google rights to purchase as much as $12.2 billion of its shares in exchange for purchasing chips, marking a significant strategic partnership between the chipmaker and tech giant.
Singapore's Competition and Consumer Commission approved Texas Instruments' $7.5 billion cash acquisition of Silicon Laboratories, finding no substantial lessening of competition across wireless SoCs, MCUs, power ICs, sensors, and USB bridges.
Bloomberg News reports that Amkor Technology is exploring a partial stake sale of its China semiconductor packaging and test business, which could be valued at $1 billion to $1.5 billion, as the company reassesses its China exposure amid geopolitical pressure.
AMD reported Q2 revenue up 50% with data center sales more than doubling, but shares declined in extended trading after the company gave an AI growth outlook that disappointed investors expecting stronger returns from AI data center expansion.
Record fiscal 2027 budget of over 800 trillion won ($530.97 billion) proposed by Seoul, fueled by a 500 trillion won tax revenue estimate driven by record profits at SK Hynix and Samsung Electronics amid the global AI semiconductor boom.
Apple Inc. announced price increases across its Mac, iPad, and other product lines on Thursday, citing rising costs from an unprecedented shortage of memory and storage chips driven by AI demand. Apple shares fell 6% following the announcement.
According to analyst Ming-Chi Kuo, OpenAI is working with MediaTek and Qualcomm on custom smartphone processors, with Luxshare as exclusive partner for system design and manufacturing, with potential mass production in 2028.
