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Apple, Broadcom sign US$30bn+ chip agreement
Apple Inc has unveiled a new multiyear agreement with longtime chip supplier Broadcom Inc worth more than US$30 billion (A$43 billion). The deal deepens the iPhone maker’s investment in U.S. semiconductor manufacturing and is the largest commitment under its American Manufacturing Program (AMP) initiative to lift production in the United States of key Apple components. Under the agreement announced on Wednesday, Broadcom will design and produce custom silicon components and advanced wireless connectivity technologies for Apple products, with more than 15 billion chips to be made in the U.S. by 2031. It also includes a $1.5 billion expansion and modernisation of Broadcom's manufacturing facility in Fort Collins, Colorado. "Apple and Broadcom have a long history together, and this new phase of our partnership further accelerates our commitment to American manufacturing and innovation," Apple Chief Executive Tim Cook said in a news release. He said Apple was proud to deepen its investments in U.S.-based suppliers that shared its commitment to excellence and innovation with the components to be built in Fort Collins essential to delivering the performance and connectivity customers expected. "Broadcom is proud to con
Hardware
Foxconn cautious on outlook despite Q2 revenue lift
Foxconn has exceeded market expectations by reporting a 39.8% increase in second-quarter (Q2) revenue but signalled a note of caution about "volatile" global politics. The Taiwanese company, the world's largest contract electronics maker, said revenue jumped to T$2.513 trillion (US$78.71 billion) in the three months ending June 2026. That was more than the T$2.372 trillion estimate from London Stock Exchange Group’s LSEG SmartEstimate earnings forecasting model. The company said strong artificial intelligence (AI) demand led to robust revenue growth for its cloud and networking products division, while smart consumer electronics including iPhones posted "significant" growth. “Looking ahead to the third quarter, AI rack shipments are expected to maintain growth, and operations will gradually gain momentum as ICT (information and communication technology) products enter peak season,” Foxconn said in this press release. “The outlook for overall operations expects both QoQ and YoY growth, though it remains necessary to monitor the impact of the volatile global political and economic situation.” Foxconn, whose formal trade name is Hon Hai Precision Industry Co., Ltd, is Nvidia's biggest server maker and Apple's top iP
Hardware
Honeywell spin-off Quantinuum stock surges on debut
Quantinuum stock surged 13.3% as the Honeywell spin-off was valued at US$17.63 billion (A$24.7 billion) in its Nasdaq debut on Thursday in one of the most closely watched listings in the emerging quantum technology sector. Shares in the United States-based company (NASDAQ: QNAT) opened at $68 and traded between $59.89 and $71.35 before closing at $60.38. "We believe we are ready for public markets," Quantinuum Chief Executive Officer Raj Hazra was quoted telling Reuters in this article. Qantinuum said in an announcement on Wednesday it had priced the “upsized” initial public offering (IPO) of 28 million shares of its Class A common stock to the public at $60 in the IPO, which raised $1.68 billion. It also granted the underwriters a 30-day option to purchase up to an additional 4.2 million shares of this stock to cover over-allotments at the IPO, less underwriting discounts and commissions. Analysts believe the investment case for quantum computing is largely driven by its long-term potential amid caution about the timeline for meaningful revenue generation, Reuters reported. “The support is meaningful because quantum computing is increasingly viewed as a strategic technology with implications for national securit
Hardware
Dell lifts outlook amid record revenue; shares surge
Dell has reported stronger-than-expected results for its latest earnings, with revenue growth soaring past estimates. The company reported record revenue of US$43.84 billion (A$61.08 billion), up 88% year over year, mostly driven by a growing demand for artificial intelligence. Markets were expecting $35.74 billion in revenue. Additionally, record non-GAAP diluted earnings per share (EPS) came in at $4.86, above the $2.96 expected and up 214% over the same period. Revenue for AI-Optimized servers specifically was posted at US$16.1 billion, up 757% year over year. In the wake of these strong results, Dell has updated its 2027 outlook to $60 billion, an increase of $10 billion. “I don’t think applying historical markets or historical views about the market and how it is going to act are appropriate today,” said Dell Vice Chairman and Chief Operating Officer Jeff Clarke said on the earnings call. “We’re finding new uses…What is the value of adding intelligence into every workflow, every decision, every product, every customer interaction. I would assert the value is pretty darn high!” Dell Technologies (NYSE: DELL) stock traded 32.8% higher on Friday, closing at a record high of $420.91. The company's market c
Hardware
HP beats estimates for Q2; shares slip 0.9%
HP Inc. has announced an 11% increase in net earnings for the second quarter of the 2026 financial year (Q2 FY26) due to higher demand for artificial intelligence (AI)-optimised personal computers and business laptops. The technology company best known for selling computers, printers and other equipment said net earnings rose to $450 million in the three months ended 30 April 2026 from $406 million in the previous corresponding period (pcp). Diluted earnings per share rose 21% to 86 cents on net revenue, which grew 9% to $14.4 billion compared with the pcp.Source: HP Inc.“We delivered strong second-quarter results, with 9% revenue growth and even stronger earnings and free cash flow,” Chief Financial Officer Karen Parkhill said in a press release. “With two solid quarters behind us, we are executing with discipline in a dynamic environment and are strengthening our outlook for the fiscal year to reflect this.” Interim Chief Executive Officer Bruce Broussard said HP continued executing its future of work strategy through intelligent devices, edge AI and connected experiences while navigating rising commodity costs. “We introduced innovations across AI PCs, Z workstations, AI-powered print, and HP IQ that simplify wor

Hardware
AMD to invest US$10bn in Taiwan's AI chip industry
AMD will invest over US$10 billion (A$14.03 billion) into Taiwan’s artificial intelligence industry, it said today, with the goal of raising its capacity to build advanced chips. The company is working with Taiwan-based semiconductor assembly firms like ASE, SPIL, and PTI to develop its next-generation chips. Taiwan is the home of chip manufacturers, including Taiwan Semiconductor Manufacturing Co. (TSMC) and Foxconn. “As AI adoption accelerates, our global customers are rapidly scaling AI infrastructure to meet growing compute demand,” said AMD CEO and chair Lisa Su. “By combining AMD leadership in high-performance computing with the Taiwan ecosystem and our strategic global partners, we are enabling integrated, rack-scale AI infrastructure that helps customers accelerate deployment of next-generation AI systems.” These Taiwan investments will support the release of AMD’s Helios rack-scale AI platform in 2026’s second half, the company said. It is collaborating with Taiwan-based original design manufacturing partners Sanmina, Wiwynn, Wistron, and Inventec to build Helios-based systems. AMD also said yesterday that its next-generation Venice processor is ramping up production in Taiwan, using TSMC’s 2-nanometre p
Hardware
Super Micro posts revenue miss, issues strong guidance
Super Micro Computer missed sales estimates last quarter amid customer readiness issues, though its shares spiked 18% due to strong earnings guidance. Net sales were US$10.24 billion, up from $4.60 billion one year ago but under LSEG consensus estimates of $12.33 billion. Earnings per share were $0.84, rising from $0.31 and passing estimates of $0.62. “Supermicro's transformation into a total datacenter infrastructure provider is accelerating,” said CEO and president Charles Liang. “Our margin recovery and the rapid growth of our DCBBS [Data Center Building Block Solutions] business demonstrate that our business remains robust. With the addition of our new U.S. manufacturing facilities in Silicon Valley, we are exceptionally well-positioned to meet the massive demand for various AI and enterprise verticals.” Supermicro’s weaker-than-forecast sales were impacted by customers’ readiness issues, Liang said on an earnings call, as some sites had not yet installed the required power and networking capacity. The company expects to receive this revenue in the coming quarters. Income from operations was $625.87 million, soaring from $146.78 million one year ago. Operating expenses grew from $293.44 million to $392.81 millio
Hardware
AMD data centre revenue surges, shares spike 16.5%
Advanced Micro Devices beat estimates last quarter due to surging revenue from data centre products, with shares jumping 16.5%. Earnings per share were US$1.37, up from $0.96 and passing LSEG consensus estimates of $1.29. Revenue grew 38% to $10.25 billion, above estimates of $9.89 billion. “We delivered an outstanding first quarter, driven by accelerating demand for AI infrastructure, with Data Center now the primary driver of our revenue and earnings growth,” said AMD chair and CEO Lisa Su. “We are seeing strong momentum as inferencing and agentic AI drive increasing demand for high-performance CPUs and accelerators.” Revenue for its data centre segment surged 57% to $5.8 billion, which it credited to high demand for its Epyc microprocessors and Instinct chips. Its client and gaming segment’s revenue rose 23% to $3.6 billion. Client revenue grew 26%, driven by AMD’s Ryzen processors. For the second quarter, AMD projects revenue of $11.2 billion, plus or minus $300 million. This is well above estimates of $10.52 billion. The company is also set to launch its Helios system, a server rack for artificial intelligence data centres, in the year’s second half. Meta and OpenAI ordered Helios racks in recent months,
Hardware
Micron, Sandisk up, memory crisis to persist: analysts
Shares in memory chip companies Micron and Sandisk continued their rally after Melius Research analysts projected that memory demand could remain high through 2030. The prices of memory components have soared in recent months due to high demand from artificial intelligence companies. Melius’ two-year price target for Micron is US$1,350, with analyst Ben Reitzes saying its shares could rise a further 41% in the next year. "The market will eventually be willing to pay more for the unusual durability of the margin and demand profiles that AI makes possible,” wrote Reitzes. “We are only in the early innings of this AI cycle and the need for memory has never been stronger.” Melius’ price target for Sandisk is $700. Reitzes projected that its shares will rise a further 36% in the next 12 months. Memory prices rose by 80-90% in the first month of 2026, Counterpoint Research found. Manufacturers like Micron are increasingly re-routing production towards high-bandwidth memory chips, which are used to train AI models. Micron (NASDAQ: MU) shares are up 567.7% in the past 12 months, while Sandisk (NASDAQ: SNDK) shares have surged by 3,216.4%. Micron’s share price closed 5.6% higher at $524.56, and rose a further 0.3% afte