AI data centers

Qualcomm Plans Global Job Cuts in Performance-Focused Shift

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Qualcomm layoffs announced at semiconductor headquarters glass office building at dusk

Qualcomm will reduce its global workforce in what its chief executive described as a “performance-focused reduction,” according to an internal memo reviewed by Reuters. The Qualcomm layoffs will follow the company’s annual employee reviews, with notifications expected to begin in November. The decision was communicated to staff on Monday by CEO Cristiano Amon, who framed … Read more

Broadcom Lines Up $50 Billion for OpenAI Custom Chips

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Broadcom OpenAI chip financing concept with AI data center servers and custom silicon chips

Broadcom OpenAI chip financing talks are drawing fresh attention to how expensive the race to build artificial intelligence infrastructure has become. Broadcom is working to arrange more than $50 billion in financing for the custom AI chip it is developing with OpenAI, according to a Wall Street Journal report cited by Bloomberg and the Business … Read more