Nick Turner

Applied Materials Inc., the largest US producer of chipmaking equipment, plans to cut 4% of its global workforce as it copes with a sales slowdown and trade turmoil.

Microsoft Corp. will invest $30 billion in the UK as part of a push to expand artificial intelligence infrastructure and build the country’s largest supercomputer.

MGX, an Abu Dhabi-backed investment company focused on artificial intelligence, joined private equity firm Silver Lake Management LLC in a 51% acquisition of Intel Corp.’s Altera, which makes programmable chips.

Texas Instruments Inc. Chief Executive Officer Haviv Ilan said the company’s data center business is helping fuel a recovery in demand, with revenue in that area growing at a pace above 50%.

Salesforce Inc. Chief Executive Officer Marc Benioff said his intention is to get the company back into double-digit sales growth as its revenue approaches $50 billion a year.

The $85 million funding round values Exa at $700 million.

Apple Inc. shares gained in late trading after a US judge stopped short of barring its lucrative search arrangement with Google, a deal that has generated roughly $20 billion in revenue a year for the iPhone maker.

Apple Inc. posted its first sales growth in China in two years, saying that new Mac computers and demand from city-dwelling phone customers helped fuel the rebound.

Meta Platforms Inc. shares declined on a report that the social networking company is delaying a flagship artificial intelligence model, sparking concerns about its AI push.

Super Micro Computer Inc. tumbled Wednesday after giving preliminary results that fell well short of analysts’ estimates, a sign its comeback plan has been slow to gain traction.

ON Semiconductor Corp. scrapped efforts to acquire Allegro MicroSystems Inc., withdrawing a bid of $35.10 a share.

Broadcom Inc., a supplier of semiconductors to Apple Inc. and other big tech companies, announced plans to buy back as much as $10 billion in shares, saying it remains confident in the chip industry.

Intel Corp. shares gained on a report that the company tentatively agreed to a Taiwan Semiconductor Manufacturing Co. joint venture, a sign the beleaguered US chipmaker is moving ahead with a plan that’s been highly anticipated by investors.

Elon Musk said his xAI artificial intelligence startup has acquired the X platform, which he also controls, at a valuation of $33 billion, marking a surprise twist for the social network formerly known as Twitter.

Intel Corp. soared 16% on speculation that the iconic chipmaker could be broken up in a deal involving Taiwan Semiconductor Manufacturing Co. and Broadcom Inc.

Samsung and Apple hint at a return to the smaller-is-better era. Plus: What tech billionaires want from Trump.

Nvidia Corp. Chief Executive Officer Jensen Huang is expected to miss the inauguration of President-elect Donald Trump on Jan. 20, bucking a trend among high-profile US technology leaders.

Nvidia Corp. criticized new chip export restrictions that are expected to be announced soon, saying the White House was trying to undercut the incoming Trump administration by imposing last-minute rules.

GlobalWafers Co., a Taiwanese maker of silicon wafers used in chip manufacturing, finalized a deal to receive as much as $406 million in awards from the US Chips and Science Act to help build factories in Texas and Missouri.

Intel Corp., the embattled chipmaker seeking a new chief executive officer, added two semiconductor industry veterans to its board in a move the company said would bring “experience and operational vigor.”