Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Hedge fund Monolith returns 53% year to date on AI, data centre and China bets
By Summer Zhen HONG KONG (Reuters) - Monolith Management, a Hong Kong-based tech-focused hedge fund, has returned 53% so far this year, benefiting from investments in semiconductors, data centres and ...
Thomson Reuters Dec 06, 2024
Exclusive-TSMC in talks with Nvidia for AI chip production in Arizona, sources say
By Wen-Yee Lee and Fanny Potkin TAIPEI/SINGAPORE (Reuters) - Taiwan Semiconductor Manufacturing Co is in discussions with Nvidia Corp to produce its Blackwell artificial intelligence chips at the cont...
Thomson Reuters Dec 06, 2024
Apple plans $1 billion manufacturing plant investment in Indonesia, minister says
JAKARTA (Reuters) -Tech giant Apple plans to invest $1 billion in a manufacturing plant in Indonesia that produces components for smartphones and other products, Indonesia's investment minister said o...
Thomson Reuters Dec 06, 2024
Nvidia signs AI cooperation agreement with Vietnamese government
HANOI (Reuters) -Nvidia and the Vietnamese government signed an agreement on Thursday to boost artificial intelligence development in the Southeast Asian country. Details of the agreement were not mad...
Thomson Reuters Dec 06, 2024
Tech-focused Whale Rock to reopen fund after gaining 51% in 2024, source says
By Carolina Mandl NEW YORK (Reuters) - Tech-focused hedge fund Whale Rock Capital Management is planning to reopen its flagship fund early next year for between $200 million and $300 million in new mo...
Thomson Reuters Dec 06, 2024
Meta to invest $10 billion for Louisiana data center
(Reuters) - Facebook-parent Meta said on Wednesday it plans to invest $10 billion to set up an AI data center in Louisiana, in what would be the tech company's largest data center in the world. The hy...
Thomson Reuters Dec 06, 2024
'Large number' of Americans' metadata stolen by Chinese hackers, senior official says
By Raphael Satter WASHINGTON (Reuters) -A large number of Americans' metadata has been stolen in the sweeping cyberespionage campaign carried out by a Chinese hacking group dubbed "Salt Typhoon," a se...
Thomson Reuters Dec 06, 2024
Intel's interim co-CEO Zinsner says new chief executive will have foundry experience
(Reuters) - Intel will have a CEO with manufacturing expertise as well as experience in the product side of the business, interim co-CEO David Zinsner said at the UBS technology conference on Wednesda...
Thomson Reuters Dec 06, 2024
Synopsys shares fall after sales outlook misses estimates
By Stephen Nellis and Zaheer Kachwala (Reuters) - Chip design software firm Synopsys on Wednesday forecast fiscal 2025 revenue below Wall Street expectations thanks in part to a slump in China sales a...
Thomson Reuters Dec 06, 2024
Musk's xAI plans massive expansion of AI supercomputer in Memphis
By Sheila Dang (Reuters) - Elon Musk's artificial intelligence startup xAI plans to expand its Memphis, Tennessee, supercomputer to house at least one million graphics processing units (GPUs), the Gre...
Thomson Reuters Dec 06, 2024

