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Real-time News
Micron Technology (MU.O): Will collaborate with GlobalWafers to explore next-generation wafer technology and process innovation.Micron Technology (MU.O): The supply agreement with GlobalWafers will ensure access to a large amount of raw silicon wafer capacity.July 9th - Bank of America analysts stated that Comet Holdings sales should grow rapidly by the end of 2028, benefiting from the expansion of memory chip manufacturing capacity. The Swiss-based Comet manufactures components used to produce memory chips. As companies respond to AI-driven demand and build new memory chip factories, Comet will benefit from its large capacity to handle new orders. Bank of America raised its revenue and profit margin forecasts for Comet by the end of 2028. Comet shares led the gains among Stoxx Europe 600 index constituents, rising nearly 12%.On July 9th, an internal memo revealed that Meta Platforms plans to begin production of an AI chip in September as part of its plan to increase total computing power to 14 gigawatts next year. This data center chip, codenamed "Iris," is part of Metas fourth-generation in-house Training and Inference Accelerator (MTIA) project. The company plans to use the custom chip to improve the AI capabilities powered by its Facebook and Instagram social media platforms. The memo indicates that the chip underwent testing in just six weeks without any major issues being identified. This relatively rapid progress signals a positive turn for the company after an internal project that has stalled since its inception five years ago. Meta is customizing the chip to its own needs, collaborating with Broadcom on design and with TSMC on manufacturing. This approach is expected to help the company reduce its massive computing costs and lessen its reliance on chip suppliers such as Nvidia and AMD. There have been no previous reports regarding the chips completion of vulnerability testing and production timeline. Meta declined to comment.U.S. Trade Representative Greer praised Apple and Microns recently announced manufacturing investment plans.
