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Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones

Here's how it did versus LSEG consensus estimates for the quarter ending in March:Earnings per share: $2.44 adjusted vs. $2.32 expectedRevenue: $9.39 billion adjusted...

S&P 500 inches lower as Wall Street readies for Fed rate decision: Live updates

S&P 500, Nasdaq open lowerThe S&P 500 and Nasdaq Composite opened lower Wednesday as Wall Street braced for the Federal Reserve upcoming rate decision.The...

Semiconductor stocks face decline following ASML earning results

Workers at Carl Zeiss ZMT are seen outside giant vacuum chambers where optical systems for ASML's new High NA EUV tool are tested.ASMLChip stocks...

China Remains Indispensable for U.S. Chip Manufacturers Amid Escalating Tensions between Global Superpowers

US-China chip war graphicWong Yu Liang | Moment | Getty ImagesThe U.S. has passed a series of export controls starting in October 2022 aimed at restricting...

Chinese President Xi assures U.S. CEOs of a promising future in bilateral relations

China's President Xi Jinping speaks at an event held by the National Committee on US-China Relations and the US-China Business Council on the sidelines...

Xi Jinping meets with American executives as companies navigate strained bilateral relations in China

Apple CEO Tim Cook (R) speaks during the China Development Forum on March 24, 2024, in a discussion about carbon neutrality with Tsinghua University...

Intel Receives Up to $8.5 Billion in Grants from CHIPS Act, with Additional Billions in Loans Accessible

The money will help "leading-edge semiconductors made in the United States" keep "America in the driver's seat of innovation," U.S. Secretary of Commerce Gina...

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