Semiconductors

Qualcomm Surges 13% on Report of OpenAI Partnership for Smartphone AI Chip

Reports indicate Qualcomm is partnering with OpenAI to develop AI processor chips designed specifically for smartphones, sending the chipmaker’s shares soaring over 13% in pre-market trading.

China's Industrial Profits Surge 15.8% in March, Driven by AI and Chip Boom

China’s National Bureau of Statistics reported that industrial enterprise profits rose 15.8% year-on-year in March, with strong growth in AI and semiconductor sectors as the key driver.