Reuters

Adobe's dull forecast raises AI monetization doubts, shares fall

(Reuters) -Adobe forecast second-quarter revenue in line with Wall Street expectations on Wednesday, as it grapples with slower monetization of its artificial intelligence offerings while facing tough competition from startups.  Shares of the company fell more than 4% in extended trading.  The company expects second-quarter revenue to be between $5.77 billion and $5.82 billion, in line with analysts’ expectations, according […]

Reuters Exclusive: TSMC pitched Intel foundry JV to Nvidia, AMD and Broadcom, sources say

SINGAPORE/NEW YORK/TAIPEI (Reuters) – TSMC has pitched U.S. chip designers Nvidia, Advanced Micro Devices and Broadcom about taking stakes in a joint venture that would operate Intel’s factories, according to four sources familiar with the matter. Under the proposal, the Taiwanese chipmaking giant would run the operations of Intel’s foundry division, which makes chips adapted for the needs of customers, but it would not own more than 50%, the sources said. […]