Guo Haifeng and Song Shiqiang

International News

1. Intel's Israeli subsidiary has terminated its car leasing program, resulting in layoffs between several hundred and 1,500 employees. This move is expected to save Intel approximately 12 million shekels ($3.3 million).

2. Dell's quarterly results show an 80% surge in server sales driven by the rising demand for artificial intelligence.

3. Mitsubishi Electric will invest $140 million to restructure its U.S. auto parts plant for the production of AI cooling equipment.

4. Intel has announced a partnership with the renowned cloud service provider IBM Cloud to be the first to introduce the Gaudi 3 AI accelerator.

5. Japanese chipmaker Rapidus plans to begin operations of its 2nm prototype production line at its new factory in Hokkaido by April next year. Hokkaido aims to emulate New York State in establishing a chip hub.

6. According to TrendForce, Intel has fallen out of the top ten wafer foundry revenue rankings in Q2 2024.

China News

1. Chipsource Materials has announced exclusive investment from BYD, completing its Series B financing round.

2. Tsinghua University-affiliated AI startup Wuwenxinqiong has secured nearly 500 million yuan in Series A funding, having raised nearly 1 billion yuan in just 16 months.

3. On September 2, Guo Haifeng, Deputy Secretary-General of Tsinghua University’s Advanced Manufacturing Committee, visited Kinghelm and SLKOR.

4. Chinese GPU leader Xiangdi has clarified rumors of "company-wide dissolution," stating that it is currently optimizing its organizational structure and staffing.

5. MDD Chenda Semiconductor won two awards at the 2024 World Semiconductor Conference: the "China Semiconductor Market Innovation Product Award" and the "China Semiconductor Market Innovation Enterprise Award."

6. Shenzhen Stock Exchange data shows that of 35 semiconductor companies, 24 have reported their first-half results, with 20 achieving profitability, demonstrating strong growth momentum.

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