Widely ridiculed Intel stock buyer who invested $700,000 inheritance has the last laugh (if they held) as it nearly triples in value — investment is now worth around $1.89 million

In August 2024, a Redditor was widely, repeatedly, and mercilessly ridiculed for investing the majority of an $800,000 inheritance in Intel stock. It’s been a rollercoaster, but that looks like it was a great decision.
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Union rally causes Samsung fab production to plummet by 58% during night shift as workers demand up to $400,000 bonuses — updated figures show over 40,000 people attended rally for better pay and bonuses

Samsung’s memory fab and contract chip foundry production for a single night-shift fell by up to 58% after a one-day strike. The union is gearing up for an extended 18-day labor action if company management refuses to meet…

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SoftBank subsidiary working with Intel to develop radical new ZAM memory is now receiving Japanese gov’t subsidies — new memory designed as a lower-power HBM for AI workloads

Japan’s SaiMemory, a SoftBank subsidiary collaborating with Intel, has secured NEDO funding to develop Z-Angle Memory (ZAM), a next-gen DRAM architecture addressing HBM limitations
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Intel CEO says he can ‘think of no better partner than Elon Musk’ to explore ‘unconventional’ ways to improve chip manufacturing — TeraFab partnership aims to rethink how chips are made to reduce costs

Intel CEO Lip-Bu Tan commented on the company’s partnership with Elon Musk’s TeraFab project, but details about the relationship are still light.
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Crypto scam takes advantage of Strait of Hormuz crisis by taking fake payments, leading to two ships being fired upon — two vessels reportedly fell victim and paid fake ‘Iranian authorities’

Two vessels waiting to transit the Strait of Hormuz reportedly fell victim to scammers posing as Iranian authorities and asking for transit fee payments in crypto.
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Anthropic surpasses biggest rival OpenAI in secondary market valuation — surges to $1 trillion amid frantic investor interest

Anthropic’s secondary market valuation has reportedly surged to $1 trillion, surpassing OpenAI’s $880 billion, driven by intense investor demand for AI exposure, and highlighting speculative pricing in secondary markets.
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SpaceX says it is going to begin manufacturing GPUs — $1.75 trillion IPO listing reportedly includes in-house GPU production

Elon Musk’s SpaceX set to produce ‘own GPUs’ at its own multi-billion fab as the company warns that it may be unable to purchase all the silicon it needs to meet its goals.
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UK spy agency releases malware-blocking gadget for HDMI and DisplayPort cables — SilentGlass blocks malicious traffic traveling between display and computer

The NCSC, a part of the British GCHQ, has deployed this protective gadget throughout various government estates and is now making it publicly available through Goldilock Labs.
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More than 30,000 Samsung union members take to the streets to demand an average bonus of $400,000 per worker — May 21 strike date looms, union points to rival SK hynix granting higher bonuses to its employees

Workers at Samsung’s largest chip fab staged a rally today, demanding higher pay and bonuses, comparing their compensation to what SK hynix offers its people.
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U.S. Commerce Secretary says Nvidia still hasn’t sold any H200 AI GPUs to China — Chinese government is blocking imports in an attempt to push domestic semiconductor industry

U.S. Commerce Secretary Howard Lutnick says Nvidia still hasn’t sold a single H200 AI GPU to China, despite the ban being lifted four months ago. The Chinese government is making it difficult for Chinese companies to impor…