New business unit for Nvidia

28 June 2024 News

According to sources in the know, Nvidia is building a new business unit with a focus on designing chips for cloud computing applications, including artificial intelligence processors. The plan could see the company grabbing a piece of the rapidly expanding AI chip industry.

Nvidia’s customers, including OpenAI, Microsoft, Alphabet, and Meta Platforms, have been securing a limited quantity of its chips to compete in the rapidly evolving generative AI market. With about 80% of the market for high-end AI chips under its control, Nvidia’s stock market value has increased by 40% this year to $1,73 trillion, after it more than tripled in value last year.

Its H100 and A100 chips serve as a generalised, all-purpose AI processor for many of their major customers. However, some technology companies have started to develop their own internal chips for specific needs. Doing so helps reduce energy consumption, and potentially can shrink the cost and time to design. Nvidia will be attempting to play a larger role in helping these companies develop custom AI chips that have recently been developed in rival firms such as Broadcom and Marvell Technology.

For more information visit www.nvidia.com

Further reading:

Electronic News Digest
News
A brief synopsis of current global news relating to the electronic engineering fields with regards to company finances, general company news, and engineering technologies.

Read more...

---

Jemstech to produce PCB assemblies for Kamstrup
Jemstech News
Jemstech is pleased to announce that they have successfully concluded a supplier agreement with Kamstrup A/S in Denmark, a leading supplier of intelligent metering solutions in the global market.

Read more...

---

New appointments at Hiconnex
Hiconnex News
Hiconnex, a leading provider of electronic components and solutions, has announced key appointments to support its continued growth and commitments to its clients.

Read more...

---

FoundriesFactory service more affordable for smaller OEMs
News
Foundries.io has announced a new, tiered pricing scheme which reduces the cost of its highly regarded FoundriesFactory service for OEMs in the development phase of a new edge AI or Linux OS-based product.

Read more...

---

DMASS 2024 results
News
The semiconductor business faced a severe downturn, with a 31,9% decrease compared to 2023 and a 30,3% drop in Q4 2024 compared to the same period last year.

Read more...

---

Using satellite comms to end copper theft
News
According to Transnet COO Solly Letsoalo, the scourge of copper theft could be a thing of the past by eliminating the use of copper cabling and switching to a satellite communication system.

Read more...

---

Strategic merger: Etion Create and Nanoteq
Etion Create News
Reunert has announced the successful merger of two business units within the Applied Electronics Segment, namely Etion Create and Nanoteq, effective 1 October 2024.

Read more...

---

Securex South Africa 2025
Specialised Exhibitions News
Securex South Africa 2025 is co-located with A-OSH EXPO, Facilities Management Expo, and Firexpo to provide a time-saver for visitors looking for holistic solutions for their facilities.

Read more...

---

Chinese AI causes Silicon Valley stocks to tumble
News
Many stocks took a downward spike, with Nvidia being the hardest hit, losing 16,9% after one day’s trading.

Read more...

---

Silicon Labs 4th quarter results
News
Silicon Labs has reported financial results for the fourth quarter with highlights including a total revenue of $166 million and Home & Life revenue up 11% to $78 million.

Read more...

---