1. Intel posts a disastrous Q2 2024 earnings report, losing $1.6 billion. 2. The company lays off over 15% of its global workforce. 3. Intel's stock drops by over 30% in 24 hours following the earnings report.

The US chip production capacity is expected to triple from 2022 to 2032 from the enactment of the CHIPS and Science Act, but extending current support and considering additional measures was needed to “stay the course”, according to a joint report by the Semiconductor Industry Association (SIA) and

The worldwide semiconductor industry is showing clear signs of a recovery.According to the Semiconductor Industry Association (SIA), the US trade body, worldwide semiconductor revenues jumped 15.2% on-year to US$137.7 billion in the first quarter. Revenues dropped 5.7% from the fourth quarter.The on

Samsung’s chip division has returned to profitability in the first quarter on the back of the recovery of the memory chip market.The South Korean electronics maker said on Tuesday that it recorded 71.92 trillion won in revenue and 6.61 trillion won in operating profit, an increase of 13% and 932%, r