Artificial Intelligence could be the stabilizing factor the fluctuating memory chip market has been waiting for, with Samsung at the forefront of this shift.
The demand for memory chips, particularly for AI applications, has driven Samsung's shares up by 34% over the past year, outperforming the broader market's 10% gain.
McDonald's did not specify the date of the purchase but stated that the closing is subject to certain conditions and will be finalized in the coming months.
Nvidia is joining forces with local telecommunications leader Indosat Ooredoo Hutchison for the project. The AI center, set to be located in Surakarta, Central Java province, is expected to enhance local telecommunications infrastructure and nurture digital talent.
The discussions, which involve the two leading aircraft manufacturers, are aimed at dividing Spirit's assets essential to their respective jet programs.