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The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.

The Silicon Valley company was again lifted by sales of its artificial intelligence chips, but it faces growing competition and heightened expectations.

The A.I. chip maker’s revenue more than tripled, and profits rose ninefold. It also projected that its revenue would more than triple again.

The move is aimed at drawing $9 billion in corporate investment, as New York jockeys to host a new national semiconductor technology center.

Demand for the company’s A.I. chips remains high, but it said new U.S. export restrictions would hurt it sales to countries like China.

The SoftBank-owned company, which for decades has defined how mobile phones operate, is grappling with geopolitical and commercial complexities as it prepares to go public...

The most visible winner of the artificial intelligence boom achieved its dominance by becoming a one-stop shop for A.I. development, from chips to software to...

Anticipating federal subsidies, Applied Materials said it planned to invest up to $4 billion in the semiconductor project in Sunnyvale, Calif.

Chiplets, a way to design chips for higher performance, has become a key prong of U.S. industrial policy. But pushing for more of this activity...

The company grappled with missteps for years while developing a microprocessor code-named Sapphire Rapids. It comes out on Tuesday.