Oil Prices Surge as U.S.-Iran Conflict Threatens Strait of Hormuz Supply Route 
Russian LNG Shadow Fleet Expands Amid Arctic LNG 2 Sanctions 
Hua Hong Semiconductor Stock Surges to Multi-Year High Amid AI Boom 
Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Ceasefire Uncertainty 
Wall Street Futures Edge Higher as Iran Tensions and AI Optimism Shape Markets 
Arm Stock Drops Despite Strong AI Chip Demand and Earnings Beat 
Wall Street Hits Record High as AI Chip Stocks and Strong U.S. Jobs Data Boost Markets 
Armani Group Eyes Strategic Stake Sale to Luxury Giants 
Dollar Struggles to Rally Despite Strong US Data as Fed Hike Expectations Remain Limited 
Saudi Aramco Q1 Profit Jumps 25% as Strait of Hormuz Crisis Reshapes Oil Exports 
Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone 
China EV Truck Boom Accelerates as Iran War Drives Diesel Prices Higher 
Continental AG Shares Jump After Q1 Profit Beats Expectations 
China Banks Halt New Loans to Sanctioned Refineries Amid U.S.-Iran Oil Crackdown 
Sony Forecasts Lower 2027 Profit Despite Strong Music and Sensor Growth 
Asian Stocks Slide as Iran Tensions Escalate Despite Strong Weekly Gains 
LG Electronics announced on Wednesday, May 31, that it has teamed up with a Canada-based AI computing startup called Tenstorrent. They will cooperate to develop next-generation chips that may power the former’s home appliances and automotive products.
Yonhap News Agency reported that the cooperation is expected to improve AI-enhanced features and high-performance computing in the South Korean electronics company’s premium TVs, high-performance semiconductors for vehicles, and other smart products that will be made in the future. The chips will also be used for data center products of Tenstorrents.
To be more specific, LG Electronics and Tenstorrent are working together to build a new generation of RISC-V, AI, and video codec chiplets. Under the agreement, the Toronto-headquartered next-generation computing company will supply artificial intelligence (AI) and RISC-V CPU technology to LG.
Reuters mentioned that initially, the electronics firm will utilize Tenstorrent's AI chip design to make its own chips. Later on, the two companies will work more deeply on other projects.
"It is increasingly important for industry leaders to own their silicon future," Tenstorrent’s chief executive officer, Jim Keller, said in a press release. "LG is a giant in our industry, and this collaboration will strengthen their portfolio of technologies for their future chip solutions, providing greater flexibility to differentiate their products."
LG Electronics’ chief technology officer, Kim Byoung Hoon, also commented, "This collaboration is just a beginning and Tenstorrent's market-leading AI and RISC-V CPU technologies will strengthen SoC competitiveness of LG's future products while our long-time proven video codec technology will help Tenstorrent take control of data center high-performance processor markets."
Kim further added that LG Electronics and Tenstorrent will share technology roadmaps and keep expanding the scope of their collaboration. Tenstorrent is a startup that was only established in 2016. It mainly builds computers for AI, and its CEO previously worked for Apple and AMD. Jim Keller was the lead designer of the AMD K8 microarchitecture and also participated in the designing of Apple A4/A5 processors.
Photo by: LG Newsroom
