"Chinese vendors who traditionally relied more on MediaTek, are going to start leveraging Qualcomm s high-end chips more as they push hard into the AI Agenda," said IDC analyst Nabila Popal.
Tsmc: Gross domestic product grew by a preliminary 6.51% in the January-March period from a year earlier, the statistics agency said on Tuesday, beating the 5.65% growth forecast by analysts in a Reuters poll.
However, the company forecast second-quarter revenue and profit below analysts estimates, fanning concerns of a delay in the recovery of automotive chip demand as a softening EV market and excess inventory at customers are expected to hit orders for Onsemi s chips.
Intel forecast second-quarter revenue of $12.5 billion to $13.5 billion, compared with analysts average estimate of $13.57 billion, according to LSEG data.