MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook 
Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs 
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026 
SQM Q1 Profit More Than Doubles as Lithium Prices Surge 
Meta Subscription Push Could Add Billions in Recurring Revenue, Says Rosenblatt 
Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion 
Lam Research Expands AI-Powered Semiconductor Tools and Arizona Operations 
Huawei Chip Breakthrough Sparks Rally in Chinese Semiconductor Stocks 
Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook 
EU Antitrust Probe Could Lead to Massive Google Fine Under DMA Rules 
Universal Music Group Rejects Pershing Square Takeover Proposal 
Dell Raises 2027 Revenue Forecast as AI Server Demand Drives Record Quarterly Results 
Samsung Union Dispute Escalates Over Semiconductor Bonus Vote 
Marvell Stock Rises After Record Q1 FY2027 Earnings Fueled by AI Demand 
Synopsys Q2 FY2026 Earnings Beat Driven by AI and Semiconductor Demand 
SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target 
Elon Musk Explores Possible Tesla-SpaceX Merger Amid Growing AI Investments 
Naver Corp. and Intel Corporation have forged an alliance to work on the development of next-generation artificial intelligence (AI) chips. The companies agreed to cooperate on building an AI chip ecosystem in South Korea.
Contract Signing for the Team-Up
Naver's cloud computing unit, Naver Cloud, and Intel will establish an AI semiconductor research institute as part of the collaboration. Moreover, Pulse News reported that this partnership is also an effort to form a united front to fight Nvidia's dominance in the AI semiconductor industry. The companies will now join the steep competition in the global market.
During the Intel Vision 2024 event in Phoenix, Arizona, the companies signed their agreement earlier this week. Intel hosted this event, which provides insights into the latest trends in the tech industry, data centers, and cloud computing.
New R&D Hub Soon to Rise in Korea
Intel and Naver Cloud will set up a new research and development (R&D) center in South Korea. According to Korea Joongang Daily, startups and about 20 well-known, prestigious educational institutions, such as the Korea Advanced Institute of Science & Technology (KAIST), Seoul National University, and Pohang University of Science and Technology (Postech), are expected to participate in the Project.
"There aren't many companies worldwide that have developed and are operating a large language model from scratch like Naver Cloud," Kim Yoo Won, Naver Cloud's chief executive officer, said in a statement. "Naver has been providing users with diverse choices in markets centered around global Big Tech such as search engines, cloud services, and generative AI, over the past 25 years,"
The CEO added, "This commitment to diversity is one of the core values that the company upholds. In this context, we believe that fostering diversity in the current AI chip ecosystem holds significant importance."
Photo by: Rubaitul Azad/Unsplash
