Intel: UK revenue slashed by over £1bn as profit cut Tech Revenue at the UK arm of technology giant Intel has been slashed by almost $1.5bn (£1.1bn) as its profit was cut significantly during its latest financial year. The division of the US group has posted a revenue of $3.3bn for 2024, down from the $4.7bn it achieved in 2023. New accounts filed with Companies House [...]
Nvidia’s Jensen Huang: ‘Praise and promise are useless’ without UK AI infrastructure Tech “Praise and promise are completely useless” without AI infrastructure, Nvidia’s chief executive, Jensen Huang, told City AM when asked about the effusive comments he made on Britain’s AI capabilities just a couple of days prior. At London Tech Week on Monday, the tech heavyweight dubbed ‘AI godfather’ lauded the UK’s AI talent, but flagged a critical lack [...]
Raspberry Pi: Results in focus after London IPO Raspberry Pi is set to give an insight into demand for its new chips after the computer firm was thrust into the spotlight when it launched on the London stock market last year. The Cambridge-based business will publish its full-year financial results on 2 April. Rasperry Pi’s revenues soared by 61 per cent in the [...]
Could inheritance tax make chips an expensive luxury? March 6, 2025 Inheritance tax for farmers is often framed as an issue for landowners but if it leads to a loss of potato-growing land this could trigger sharp increases in the price of chips, says Sarah Jordan Could chips become the new caviar? It sounds absurd, but looming changes to inheritance tax (IHT) for farmers could transform [...]
Nvidia earnings set to guide US stock market as Trump boost fades November 17, 2024 Nvidia’s earnings will take centre stage for the US stock market this week, while FTSE 100 firms Imperial Brands, Severn Trent and Halma report across the pond. The chipmaking behemoth has seen its share price gain nearly 800 per cent over the last two years as booming demand for AI has driven it to become [...]
Arm set to cancel chip design licence for Qualcomm October 23, 2024 Qualcomm has accused British chip designer Arm of strong-arm strategies after the company said it would cancel its chip design licence with the American manufacturer. Qualcomm, which uses Arm’s designs for its chips, claimed on Tuesday the move was an attempt to hike royalty rates. It also said it could disrupt an ongoing intellectual property [...]
CML Microsystems: High-spend customers not enough to prevent profit dip July 2, 2024 Semiconductor designer CML Microsystems has seen its revenue jump after it quadrupled the number of high-spend customers on its books.