Today: May 14, 2026
Online Edition
The US government intends to lower Intel Corp’s preliminary $8.5 billion federal chips grant to under $8 billion, according to a report by the New York Times on Sunday, citing anonymous sources. The reduction takes into account a $3 billion contract Intel received to manufacture chips for the Pentagon, the sources said. The original grant, which Intel was expected to claim next year, was supported by up to $11 billion in loans from the Commerce Department, along with a tax
The Justice Department has urged a judge to compel Alphabet’s Google to take significant steps to dismantle its dominance in online search. Proposed measures include selling its Chrome browser, sharing search data and results with competitors, and potentially divesting Android. This proposal is part of a groundbreaking case in Washington that could transform how millions of Americans access information. If implemented, the measures would remain in effect for up to a decade and be overseen by a court-appointed committee. The
Chinese electronics giant Xiaomi Corp reported a 30.5% increase in third-quarter revenue, driven by strong demand for its first electric vehicle, the SU7 sedan. Known for its smartphones and consumer electronics, Xiaomi launched the car in March, entering China’s competitive EV market with a strikingly affordable price—starting at under $30,000 for the base model, which is around $4,000 less than the base price of Tesla Inc.’s Model 3 in the country. The SU7, which has the same driving range as
Taiwan’s Foxconn, widely recognized for assembling iPhones, plans to invest more heavily in the United States while focusing on artificial intelligence and electric vehicles. At an investor conference on Thursday, Foxconn chairman Young Liu announced the company’s intention to replicate its success as an electronics contract manufacturer in the electric vehicle sector, even exploring the possibility of building cars for Tesla. Foxconn has already made inroads into E.V. manufacturing through a partnership with U.S.-based Lordstown Motors to produce an SUV
At Google I/O on Wednesday, the company introduced two new artificial intelligence (AI) safety tools for Android devices aimed at protecting users from scams and harmful apps through real-time activity monitoring. The first tool, Scam Detection in Phone by Google, analyzes conversation patterns to identify potential scam calls. When a suspicious call is detected, users will receive audio and haptic alerts, along with a visual warning on their screen. Powered by Google’s on-device AI system, Gemini Nano, this feature will
Amazon’s cloud computing division announced on Tuesday that it will provide free computing power to researchers interested in using its custom artificial intelligence chips, seeking to challenge Nvidia’s dominance in the market. AWS revealed it will offer $110 million in credits for access to its cloud data centers, allowing researchers to utilize Trainium, its chip designed for developing AI models that compete with Nvidia’s offerings. Additionally, AWS is setting up a research cluster of up to 40,000 Trainium chips, which
Bitcoin surged above $87,000 in Monday’s Asian trading session, driven by Donald Trump’s victory in the U.S. election and the anticipation of pro-crypto candidates gaining seats in Congress, which raised hopes for a more favorable regulatory environment. The world’s largest cryptocurrency jumped by as much as 7%, surpassing its previous record high of $81,464 set on January 23, and has now risen 94% this year. The rally was further fueled by the liquidation of many short positions. According to CoinGecko
The world’s largest smartphone processor manufacturer is benefiting from a rebound in the smartphone market. Consumers are upgrading their devices to access advanced artificial intelligence features like chatbots and image generators, driving demand for Qualcomm’s chips that support these applications. The chipmaker’s earnings forecast for the first quarter exceeded Wall Street’s expectations, pushing Qualcomm’s shares up over 8% on Thursday. The San Diego-based company, the top supplier of processors for mobile devices, expects sales and adjusted profits for the December-ending
A document from Vietnam’s environment ministry reveals that Shunsin, a subsidiary of Taiwanese giant Foxconn, is seeking approval for an $80 million investment in northern Vietnam aimed at integrated circuit production. The planned facility in Bac Giang province will specialize in manufacturing and processing electronic components, particularly integrated circuit boards. Shunsin intends to commence full-scale operations by December 2026, targeting an annual production capacity of 4.5 million units. The company has not yet responded to Benzinga’s request for comment. Shunsin
Samsung has quietly launched its newest mobile device processor, the Exynos 1580, which succeeds the Exynos 1480. This mid-range SoC was developed in-house by Samsung Semiconductor and fabricated on a 4-nanometre process. The octa-core chipset supports up to 200-megapixel cameras, artificial intelligence (AI) features, and a neural processing unit (NPU) with 14.7 TOPS of computing power. The new Exynos 1580 also offers up to 37 percent improved GPU performance. The Exynos 1580 is based on the second generation of Samsung’s