Asa Fitch

The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 10% after hours.

Government officials and chip makers like Intel are in talks over billions of dollars aimed at growing domestic chip-making.

Qualcomm is aiming to become a big player in personal-computer chips, setting a target of $4 billion of revenue from that business in about five years' time. Qualcomm’s chips for laptops—a market where it competes with Intel and Apple—launched this summer. The company gave its 2029 fiscal year target for the business at an investor day Tuesday in New York, alongside a $4 billion goal for industrial chips and $2 billion for chips that go into virtual reality headsets and other similar devices.

The AI chip giant gave a strong outlook, pointing to healthy demand for next-generation chips.

Some industry giants are building so-called super clusters of computer servers that cost billions of dollars and contain unprecedented numbers of Nvidia's most advanced chips.

Musk’s xAI and Meta are among those building super clusters of computer servers with as many as 100,000 of Nvidia’s most advanced chips.

Pat Gelsinger was one of the chip pioneer’s true believers. After his rescue strategy failed, the board lost confidence in him. How does this iconic American company survive?

Intel’s interim co-chiefs promised to invest heavily in the company’s chip designs and pursue new customers for its contract chip-making business after the architect of the company’s turnaround bid was abruptly ousted early this month. At an investor conference Thursday, co-chief executives David Zinsner, who is also the company’s finance chief, and Michelle Johnston Holthaus acknowledged the company’s financial and competitive challenges and vowed to try to put the company back on an even footing. The company is “highly invested” in building a world-class contract chip-making business, Holthaus said, continuing on the mission of the recently-departed CEO Pat Gelsinger.

A Delaware jury ruled that Qualcomm had a valid license to use Arm’s basic chip architecture for central processors it developed with the acquisition of a startup called Nuvia in 2021. The ruling paved the way for Qualcomm to continue selling those chips, which are at the heart of a range of devices including Microsoft Surface laptops. Qualcomm’s stock rose 1.8% in after-hours trading, while Arm’s stock fell 1.7%.

The ruling could mean Qualcomm doesn't have to pay additional licensing fees. Mobile-phone chip giant Qualcomm largely prevailed Friday in a licensing dispute with chip design firm Arm Holdings.