Intel Shares Sink 5% as AI Development Risks Rattle Chipmakers
Intel Corp (INTC) shares dropped 5% Monday as investors reassessed the pace and risks of AI development, hitting the broader chip sector.
US-Iran Tensions Escalate as Oil Exports Hit War-Time High Amid Ceasefire Talks
Trump denies offering Iran sanctions relief as Strait of Hormuz oil exports surge to war-time highs. Indirect talks continue via Qatari mediators after seven months of conflict.
ASE Technology’s August Revenue Jumps 34.6% on Packaging Boom
ASE Technology (NYSE: ASX) posted $2.56 billion in August revenue, up 34.6% year-over-year, as advanced packaging demand fuels its AI semiconductor exposure.
Samsung Targets Four-Fold Foundry Customer Growth by 2029
Samsung Electronics unveils plans to quadruple its semiconductor foundry customer base by 2029 compared to 2017 levels, deepening its AI-chip manufacturing push.
BitMine (BMNR) Lifts Ethereum Treasury to 6 Million Tokens
BitMine Immersion Technologies (NYSE: BMNR) confirms its Ethereum treasury now holds 6 million ETH, with 5.07 million tokens staked, as investors weigh the crypto-treasury bet.
Warren Presses Meta, Google, Amazon and Microsoft Over AI Tax Subsidies
Senate Democrats led by Elizabeth Warren sent letters to four Big Tech CEOs demanding details on AI and data center tax breaks tied to 2025 legislation.
Oil Surges Past $106 as Trump Vows Quick Win Over Iran
Brent crude climbs toward $106 and gold slips as the US-Iran standoff over the Strait of Hormuz drags on, with Trump predicting pre-midterm strikes and a swift end to the conflict.
US and China Strike $60 Billion Tariff Deal, Extending Trade Truce
Washington and Beijing agree to a $60 billion ’30-for-30′ tariff framework as Northern Star rejects a $27.2 billion bid and GM warns of intensifying competition.
AMD Joins the $1 Trillion Club as AI Chip Race Heats Up
AMD’s market cap hit $1.03 trillion on September 27, 2026, making it the latest chipmaker to cross the trillion-dollar threshold alongside Nvidia and Broadcom.
Four Countries Now Make 80% of the World’s Electronics
New data shows electronics manufacturing is heavily concentrated in Asia, with just four countries accounting for 80.5% of global hardware production capacity.