A founder of industry pioneer Fairchild Semiconductor, #GordonMoore in 1968 co-founded #Intel which grew into the world’s largest semiconductor maker at one point.

Read here: livemint.com/news/world/gordon-moore-intel-co-founder-who-coined-chip-rule-dies-at-94-11679706078808.html

#MintCharts | Major players in the #AI sector are intensifying their efforts to dominate, particularly in the hardware layer, specifically GPUs (graphics processing units).

Currently, #Nvidia commands 80% of the AI chip market, as per Jon Peddie Research, followed by AMD and #Intel.

The demand for AI chips has pushed the share prices of all three, especially Nvidia, which became the first semiconductor company to cross $2 trillion in market capitalization.

#Intel Corp. is set to cut thousands of jobs to cut costs and revitalize its market position.

The announcement could come this week ahead of its Q2 earnings report. #Layoff

Read here: https://www.read.ht/Sbgw