ISTANBUL: US-based global semiconductor manufacturer Intel said it will produce custom artificial intelligence (AI) fabric chip for Amazon Web Services (AWS).
The multi-year and multi-billion-dollar investment includes the development and manufacturi…
ISTANBUL: US retail sales increased 0.1% to reach $710.8 billion in August, beating market estimates, according to advance figures released on Tuesday by the US Commerce Department.
The estimate was for the figure to show a decline of 0.2%.
The July…
ISTANBUL: Homebuilding sentiment in the US rose in September with falling mortgage rates, according to a report released Tuesday.
The National Association of Home Builders/Wells Fargo Housing Market Index came in at 41 in September, up two points fro…
ISTANBUL: Consumer inflation in Canada rose 2% annually in August, increasing at the slowest pace since February 2021, the country’s statistical authority said Tuesday.
The figure marked a deceleration from a 2.5% annual increase in July.
It also re…
ISTANBUL: The US Securities and Exchange Commission (SEC) announced Tuesday charges against 11 institutional investment managers for failing to report certain securities holdings.
The US regulator said the investment managers were required to file be…
ISTANBUL: Robust artificial intelligence (AI) infrastructure spending is positive for information technology hardware and semiconductor manufacturers’ credit profiles in the US, according to Fitch Ratings.
Demand for AI is supporting semiconductor re…
