In a breakthrough that could redefine the future of computing, Chinese scientists have developed the world’s first carbon-based microchip capable of running artificial intelligence tasks using a ...

Microchip Technology said on Monday it will cut around 2,000 jobs, or about 9 per cent of its workforce, as the chipmaker restructures its business to combat slowing demand from automakers.

Shares of Microchip Technology are up on the Nasdaq Wednesday, after the company said it was releasing an AI-powered coding assistant. In afternoon trading, shares gained 10.3% to $63.87.