CFO insists government stake is “a great deal for taxpayers” while debt pile looms

Shares of Troubled Chipzilla crept up two per cent after Intel finance boss David Zinsner reassured the cocaine nose jobs of Wall Street that the firm’s long delayed Altera divestment was finally close.

Microsoft standoff stalls SoftBank billions

OpenAI’s attempts to restructure its business have hit the skids as it locks horns with the software King of the World, Microsoft, leaving billions in SoftBank cash hanging in the balance.

Intel gets $2 billion lifeline while slashing its own investments

SoftBank is chucking US$2 billion at Troubled Chipzilla in what looks like an effort to revive its sagging foundry business and rekindle interest in its battle with the mighty TSMC.

Investors line up for a slice

OpenAI has managed to wangle $8.3 billion from venture capitalists and private equity outfits desperate not to miss the AI hype train, as it eyes an eventual IPO.

SoftBank-backed firm taking on AMD and Intel

ARM is apparently tired of flogging CPU blueprints and wants to play with the big boys by building its own chips. That means going head-to-head with Troubled Chipzilla and AMD in the high-stakes silicon game.

Trump-backed $500 billion AI moonshot already stalling

The $500 billion Stargate project, trumpeted at the White House as America’s grand AI leap forward, is looking more like a tire fire than the start of a golden age.

Huge deal wobbles as OpenAI pushes for profit pivot

Software King of the World, Microsoft is ready to bin its negotiations with OpenAI as the ChatGPT outfit tries to morph into a fully for-profit company.

Elon, Altman and Huang trot out for Redmond’s power play

Software King of the World, Microsoft flexed its cloud muscle this week, wheeling out its AI mates and fresh software toys in a pitch to dominate the artificial intelligence land grab.

Son pulls a rabbit out of his telecom hat

Masayoshi Son’s SoftBank Group stunned the cocaine nose jobs of Wall Street by posting a €3.27 billion quarterly profit, fuelled by telecom holdings and a rare bout of investment luck.

Meta signs on as an early customer

Arm will unveil its first in-house chip later this year, marking a significant shift in its business model and potentially reshaping the semiconductor industry's competitive landscape.