China has warned severe economic retaliation against Japan if it further restricts sales and servicing of chipmaking equipment to Chinese firms, Bloomberg News reported on Monday, citing people familiar with the matter. Toyota Motor privately told Japanese officials that Beijing could react to the curbs by cutting Japan’s access to minerals required for automotive production, … Read more
Seoul: Samsung Electronics said Friday it expects second-quarter operating profits to rise more than 15-fold on-year as chip prices bounce back and demand for generative AI continues to grow. The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia’s fourth-largest … Read more
(NewsNation) — Georgia Gov. Brian Kemp was in South Korea Friday to see some of the top international threats facing the United States. The Republican governor recently visited the Korean Demilitarized Zone as part of a 10-day trip during which he’s expected to highlight major tech investments heading to the Peach State. Kemp joined … Read more
Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500. Nvidia’s stock rose again Wednesday to surpass $3 trillion in market value. The company is also about to undergo a stock split that will give each of its … Read more
US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, according to people familiar with the matter, while officials conduct a national security review of AI development in the region. It’s unclear how long the review will … Read more
Commerce Secretary Gina Raimondo proudly held up the progress of American industry on semiconductor manufacturing Sunday, declaring that the U.S. has “out-innovated” China as the two nations fight to advance their domestic technology manufacturing. Semiconductor manufacturing has been a major priority of President Biden’s domestic policy, with Raimondo at the head. Biden has repeatedly held … Read more
If all that is true—and there’s no way to tell right now—Groq might well pose a threat to the dominance of Nvidia. Ross is careful when discussing this. “Let’s be clear—they’re Goliath, and we’re David,” he says. “It would be very, very foolish to say that Nvidia is worried about us.” When asked about Groq, … Read more
When veteran engineer and executive Pat Gelsinger returned to Intel as CEO in 2021, the once-great chipmaker was in a slump. After failing to adapt to the mobile era and then missing several steps in cutting-edge microprocessor manufacturing, it was now also falling behind in supplying chips to feed the tech industryâs growing hunger for … Read more
Gina Raimondo, the US secretary of commerce, spoke at Intelâs event today and compared the US governmentâs current focus on revitalizing its chip industry to the space race of the 1960s. âThe fact that we are so overly dependent on a couple of countries in Asia that we need for life-saving medical equipment, cars, every … Read more
Tokyo: SoftBank Group’s stock rose as founder Masayoshi Son considers the creation of a $100 billion chip venture that would supply AI-enabling semiconductors. Shares in the Tokyo-based tech investor gained as much as 3.2% after Bloomberg News reported the 66-year-old billionaire is seeking funding for a foray into AI chips to compete with Nvidia Corp. … Read more
