Artificial intelligence (AI) is a technology that copies how people think and process information, making it useful for companies in many innovative fields. AI chips process large amounts of data in emerging AI technology. As an essential component, companies involved in the design and manufacturing of AI chips are likely to benefit from the growth of AI development. In 2023, the AI sector attracted a lot of media coverage and investors. The potential size of the AI market is still unknown because we keep finding new ways to use AI technology. AI chip companies in this list are likely to benefit from the growing interest in the AI market.
Is Intel's new "financial backer" here? It has been reported that Silver Lake will acquire a majority stake in the "future core" Altera.
After news emerged this Tuesday that Silver Lake was close to acquiring a stake in Altera, Intel's stock price surged, at one point rising nearly 17%, marking the largest intraday gain in nearly five years. Last weekend, media reports indicated that Taiwan Semiconductor and Broadcom were both considering acquiring parts of Intel's Business.
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Intel Shares Are Trading Higher Amid Reports Suggesting Broadcom and TSMC Are Considering Bids for Portions of the Company. It Was Also Reported That Silver Lake Is Nearing a Deal for a Stake in the Company's Altera Unit.