Asa Fitch

The chip maker reported another quarter of record sales and gave a strong revenue outlook, pointing to red-hot demand for chips that underpin the artificial-intelligence boom.

For the second time, the chip giant is responding to tightening U.S. regulations by making chips tailored for Chinese customers.

Intel is the leading candidate to potentially receive billions of dollars in government funding for secure facilities producing microchips for U.S. military and intelligence applications.

Intel, Samsung and others see a semiconductor rebound as tech demand starts to recover.

The tech company had been pushing to make chip shipments for next year before new restrictions came into effect.

Shares of the chip maker rose after hours as its results and outlook topped analyst expectations amid signs that a PC recovery is starting to take hold and interest in AI computation is growing.

The new rules, which significantly constrict sales of advanced semiconductors to the Chinese market, came despite intense lobbying by chip companies.

SMIC’s role in America’s semiconductor industry is fueling a debate on whether technology restrictions are tough enough.

The chip maker says the unit that makes programmable chips for defense and telecommunications will eventually go public.

France’s competition authority, which carried out the raid, has expressed concerns that cloud-computing companies could exclude smaller competitors.