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Intel’s Shares Plunge 20% as A.I. Hinders Some Parts of Its Business

The chipmaker, whose largest investor is the U.S. government, reported that the A.I. boom’s domino effect had hurt sales to personal computer makers.

© Loren Elliott for The New York Times

A silicon wafer at Intel’s campus in Ocotillo, Ariz. The company reported revenue of $16.5 billion in its third quarter.
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Why Samsung’s record profits weren’t enough for investors

Samsung Electronics reported the most profitable quarter in its history on Thursday, with operating profit of 107.4 trillion won on revenue of 195.3 trillion won, and still watched its shares close more than 4% lower.  At one point they were down 6.6%. The KOSPI, which had broken above 6,000 the day before, slipped back under […]

The post Why Samsung’s record profits weren’t enough for investors appeared first on Asia Times.

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Nvidia Chief, Jensen Huang, Is Seen as Target of Chinese Spy Plot

A Chinese businesswoman who had a close relationship with Jensen Huang was found to be passing intelligence to Beijing. President Trump was briefed and took no action.

© Manuel Orbegozo for The New York Times

Jensen Huang, the chief executive of Nvidia, is influential at the White House on technology policy and has developed a close relationship with President Trump.
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