Micron says it will exit its Crucial consumer business, as it doubles down on advanced memory chips used in AI data centers amid a global supply shortage (Arsheeya Bajwa/Reuters)

Microsoft has denied a report claiming that several divisions within the company have lowered sales growth targets for AI products, asserting that aggregate sales quotas for these products remain unchanged. This response follows a report from The Information indicating that some units had indeed reduced their sales expectations due to missed growth targets.

Vinci has successfully raised $36 million in a Series A funding round led by Xora Innovation, bringing its total funding to $46 million. The company specializes in using artificial intelligence simulations to accelerate the design of chips and other hardware, a critical area in the tech industry.

JD.com's JingDong Industrials (JDi), a supply chain technology and services provider, is set to raise approximately $420 million in its upcoming IPO in Hong Kong, as reported by Reuters. This move reflects the company's strategic efforts to expand its market presence and capitalize on the growing demand for supply chain solutions in the region.

South Korea's chip exports surged by 38.5% year-on-year to a record $17.26 billion in November, driven by robust demand from data centers and rising memory prices. This marks the sixth consecutive month of export growth, surpassing market expectations and highlighting the semiconductor sector's resilience amid global economic challenges.