One of the biggest money stories this year has nothing to do with big-name tech giants. Two quiet founders of Kingston Technology, John Tu and David Sun, saw their net worth jump by nearly fifty billion dollars each in 2024. That puts them among the top thirty wealthiest people on Earth. Most people
Apple’s chief executive said that the price of memory chips is climbing, which could hurt Apple’s margins but help Micron Technology. Memory chips are essential for phones, data centers and AI systems; when their cost rises, companies that make them can raise prices. Micron is a leading supplier of
Artificial intelligence has turned the world’s memory chip supply into a bottleneck, pushing smartphone prices higher than ever. According to a recent study by a Boston‑based research firm, the shortage of memory chips is expected to crush phone makers who can no longer sell devices under $100. Th
The tech world is facing a big problem. AI is growing fast, and it needs a lot of memory chips. This is causing a shortage. The price of high-speed memory chips has gone up a lot. A year ago, a high-end drive cost about $3, 000. Now, it costs around $11, 000. That's a huge increase. This is a big de
Samsung's chip-making division just had a massive profit jump. They made 80% more than expected. This huge increase shows that the global AI craze is giving their business a big lift. The company plans to focus on making a new type of memory chip next year. It's called HBM4, and it's made to work w
Micron Technology, a top memory-chip maker, had a rough night after announcing their latest earnings. While they hit close to what experts predicted for the first quarter, their forecast for the next quarter didn't impress investors. This caused Micron's stock to drop dramatically in after-hours tra
Samsung Electronics has some exciting news to share with investors. They're making significant headway in supplying their top-notch AI memory chips to Nvidia Corp. This development is crucial as Samsung wants to keep up with its rival, SK Hynix Inc. , in a booming market. A senior executive hinted a
