Nvidia supplier SK Hynix to boost spending on AI chips, after record Q2
SK Hynix reported a record quarterly profit driven by strong AI chip demand and customer stockpiling amid potential U.S. tariffs. The company plans to increase capital expenditure, primarily for HBM production, to meet growing demand and maintain its competitive edge against Samsung. Despite challenges from potential tariff and competition, SK Hynix expresses confidence in its market position.
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Time of India
26 minutes ago
- Time of India
Chinese company banned in America launches rival to Nvidia's most-advanced chip; read Nvidia CEO Jensen Huang's 'warning'
Jensen Huang added that there's something unique about well-structured, mid-sized teams when given the right resources Huawei Technologies unveiled its CloudMatrix 384 AI computing system, positioning it as a strong rival to Nvidia 's top-tier GB200 NVL72 . The company showcased the chips at the recent World Artificial Intelligence Conference (WAIC) in Shanghai, China. Announced in April, CloudMatrix 384 has garnered global interest for its competitive edge. Huawei has become widely regarded as China's most promising domestic supplier of chips essential for AI development, even though the company faces U.S. export restrictions. What Nvidia CEO Jensen Huang said on Huawei Nvidia CEO Jensen Huang had spoken about Huawei's rapid progress earlier this year, citing CloudMatrix as a key example. Huang had also warned the US about imposing restrictions on China. If the US continues to impose AI semiconductor restrictions on China, then Huawei will take advantage of its position, Nvidia CEO Jensen Huang told CNBC in June. 'Our technology is a generation ahead of theirs,' Huang remarked at the sidelines of the Viva Technology conference in Paris. He further warned that: 'If the United States doesn't want to partake, participate in China, Huawei has got China covered, and Huawei has got everybody else covered.' In the face of U.S. export curbs that restrict Chinese companies from buying advanced semiconductors used in the development of AI, Beijing has focused on nurturing Chinese companies such as Huawei in a bid to build its own AI chip ecosystem. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo Huang added that it was crucial that AI developers around the world build on the American technology stack — or layers of technology — not that of China's. Experts see Huawei chip surpassing Huawei Industry expert Dylan Patel of SemiAnalysis noted in April that Huawei's AI system could surpass Nvidia's offerings. The system integrates 384 of Huawei's 910C chips, reportedly outperforming Nvidia's 72 B200 chip-based GB200 NVL72 in certain metrics, thanks to Huawei's advanced system design and 'supernode' architecture for high-speed chip interconnectivity. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
26 minutes ago
- Mint
The spectre of AI is staring Indian IT in the face
The advance of artificial intelligence (AI) may shrink some business and lead to reshuffle of employees, but it will also create new revenue streams, Hexaware Technologies Ltd CEO Srikrishna Ramakarthikeyan said. His comments came after Hexaware slipped two places in the Indian IT pecking order to No.10, ending the June quarter with $382 million in revenue, up 2.8% sequentially. 'On the negative side, I think there will be some compression in IT operations when new deals are done or when deals are renewed. There's some compression in software development as a consequence of AI," Ramakarthikeyan said on Friday. New opportunities Still, he said AI is going to create new revenue, even as the negative impacts are not 'significant enough." 'On the other hand, I think AI is going to unleash a number of new revenue opportunities for our business. The first and foremost is data," he added. Hexaware is not the first to note the impact of disruption. GenAI's impact will be the highest in business process outsourcing, HCL Technologies Ltd MD and CEO C. Vijayakumar said at an event two years ago. "Second will be application development, as the role of Gen AI was minimal here. Application and infrastructure operations, incremental benefit would be marginal," Vijayakumar had said. While Gen AI was not depressing prices for existing services, it could start in 2024, Vijayakumar had said then. In February this year, he said HCL Tech has been trying to "deliver twice the revenue with half the people." Reshuffles While AI isn't currently changing staffing, future AI-powered coding may shift Hexaware's needs from junior staff to those with specialized knowledge, leading to minor workforce adjustments, all within the context of a global talent shortage," Ramakarthikeyan said. 'So, there could be marginal reshuffling, but that's what it takes to deliver service." "We also believe that AI/Gen AI will lead to compression of revenue for the industry in the next 24-36 months as companies self-cannibalize to hold on to their existing clients," Girish Pai, head of equity research for Bank of Baroda Capital Markets wrote in a note dated 26 July. Companies will look to achieve more with fewer people, an analyst said. 'It is very possible that a 1,000-person IT services startup using AI could achieve $1 billion in the next five years," said R. Wang, founder of Constellation Research. He said IT outsourcers may adjust headcount going forward. Recalibrating 'Expect more reductions over time as these tech majors have to recalibrate their workforces and also adjust to changing client expectations. We are in the midst of a massive transition that will transform white-collar work as we know it," Wang added. The Big Five of Indian IT reported revenue growth of 15-25% in FY22. Three years later, growth slowed to 3.8-4.3% for the full year, and two of them saw a revenue decline. At least one has analyst called out this trend in the past. "In particular, we believe that renewals will be challenging since customers will seek, and likely get, lower renewal prices than historical norms as the power and capabilities of generative AI increase," said Keith Bachman, an analyst at BMO Capital Advisors, in a note dated 5 December, 2024. Headcount This is prompting them to adopt different measures. On Sunday, TCS said it would cut 2% of jobs, partly attributing its decision to AI. Earlier, HCL Technologies said it would reduce headcount outside India as automation takes up lower-end skills. Wipro has asked many employees to complete a mandatory English assessment. Mint had reported in February that pay hikes for several senior executives at LTIMindtree would depend on a coding and general math-based assessment. "Our view is that AI-related productivity benefits could be meaningful in the 20-30% range over time. Hence, all services providers will need to 1) gain share and/ or 2) enable and capture new addressable market opportunities to sustain growth. We remain concerned on impact to long-term growth from AI efficiency," said BMO Capital Markets analysts Keith Bachman, Adam J. Holets, and Bradley Clark, in a note dated 23 July.
India Today
28 minutes ago
- India Today
Samsung Galaxy S25 FE memory variants, colour options revealed in latest leak ahead of imminent launch
The wave around the Galaxy Z Fold 7 and Z Flip 7 seems to have settled, and it's time to move on to Samsung's next major launch, which is tipped to take place in September. For a while now, Samsung's next Fan Edition device, likely to be called the Galaxy S25 FE, has been rumoured to launch in September. According to the latest development, tipster Arsene Lupin has revealed the phone's colour options and variants. For context, the Galaxy S25 FE will be the successor to last year's Galaxy S24 FE and will be the fifth phone in the Galaxy S25 series, joining the S25, S25 Plus, S25 Edge, and S25 to the leak, the Samsung Galaxy S25 FE is set to come in two RAM and storage variants: 8GB + 128GB and 8GB + 256GB. To recall, the Galaxy S24 FE also launched with the same RAM and storage options, which means we're not looking at an upgrade in this department, at least. Apart from this, the phone is tipped to come in three colours: Navy and Icyblue — borrowed from the Galaxy S25 and S25 Plus — and Jetblack, borrowed from the Galaxy S25 Edge and S25 Ultra, minus the titanium Galaxy S25 FE: What to expect?From the leaked renders doing the rounds on the internet, it looks like the Galaxy S25 FE is going to retain the glossy glass finish we generally see with Galaxy S Fan Edition phones. While the phone may look strikingly similar to its predecessor, the biggest change is expected to be its sleek build. It is rumoured that the Galaxy S25 FE will be just 7.4mm thick and weigh 190 grams. This would make it significantly slimmer and lighter than the S24 FE, which is 8mm thick and weighs 213 grams. Despite the sleeker build, the Galaxy S25 FE is tipped to feature a slightly bigger battery than its predecessor — 4,900mAh compared to 4,700mAh on the older model. The phone is said to be powered by the Exynos 2400 SoC, the same chip that also powers the Galaxy S24 and S24 than this, the Galaxy S25 FE is rumoured to feature a 6.7-inch Full-HD+ display — probably the same Dynamic AMOLED 2X panel borrowed from the other Galaxy S25 phones. The display is tipped to be protected by Corning's Gorilla Glass Victus may be sticking to the same camera hardware on the Galaxy S25 FE as last year's S24 FE. Rumours suggest the Galaxy S25 FE will feature a 50-megapixel primary rear camera, paired with a 12-megapixel ultra-wide camera and an 8-megapixel telephoto camera with 3x optical zoom. While the resolutions remain the same, it remains to be seen whether the company updates the sensors. However, the front camera seems to be getting an upgrade in the form of a 12-megapixel sensor, compared to the 10-megapixel sensor on the Galaxy S24 tuned to India Today Tech for all the updates on the Galaxy S25 FE as we approach the phone's expected launch in September.- Ends
