Big tech, chips, software, cloud, AI platforms, devices, and the companies shaping the digital economy.
The expansion of Broadcom’s custom-chip partnership with Apple was cited as a relief for chip-market investors seeking more visibility into long-duration demand, as AMD and Intel also gained early in the session.
THE APEX TIMES
THE APEX TIMES
Broadcom said it will expand a custom chip supply and development partnership with Apple through 2031, extending a long-running supplier relationship that helps Apple differentiate iPhone and other products with its own silicon designs.
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Microsoft is preparing a reorganization of its Xbox business that would eliminate about 3,200 jobs and reduce studio holdings, according to a report published Monday. The company is trying to redirect resources toward growth in gaming as the segment faces competitive and profitability pressures.
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Microsoft said it will cut roughly 20% of Xbox staff through fiscal year 2027 and spin off four gaming studios, as the company reshapes its gaming operation and launches further cost reductions.
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A new market note argues the AI buildout is pushing demand deeper into the chip stack, pointing to Micron, Credo Technology, Amkor Technology and Texas Instruments as alternative ways to participate in the AI hardware cycle.
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The semiconductor supplier said it will expand its custom-chip collaboration with Apple for multiple future products, a move investors saw as strengthening long-term revenue visibility.
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The Windows maker said it will eliminate about 2.1% of its workforce, part of a broader tech layoff trend amid heavy investment in AI infrastructure and rising costs across the supply chain.
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The bank doubled its outlook for Intel shares to a Wall Street high as it pointed to a sturdier path for data center processors, while also increasingly valuing Intel’s foundry ambitions.
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The companies agreed to expand a long-running collaboration for Broadcom to design and supply Apple’s custom ASIC chips across multiple product generations, pushing the relationship out nearly five more years.
