Micron Technology Inc will invest about $15 billion over the next 10 years in a new memory-chip manufacturing facility in Boise, Idaho, where it is based, the company said on Thursday. The investment takes into account anticipated federal grants and credits under the CHIPS and Science Act and will create 17,000 jobs by the end […]
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The United States beefed up its effort to cut off the flow of advanced technology to China by instructing Nvidia Corp and Advanced Micro Devices to stop sending their flagship artificial intelligence chips there. While the news shocked the chip sector by the time markets closed Thursday, sending the Philadelphia semiconductor index down 1.9 percent […]
A U.S. order to ban exports of some advanced chips to China is likely to hit almost any major tech company running public clouds or advanced AI chips for training modules in the country, experts said. Chip designer Nvidia Corp said on Wednesday that U.S. officials told it to stop exporting two top computing chips […]
New restrictions on exports of cutting-edge chips from Nvidia Corp to China have signaled an escalation of the U.S. crackdown on Beijing’s technological prowess and alarmed investors already worried about an industry downturn. Shares of Nvidia fell 11 percent to $133.46 on Thursday, wiping out more than $40 billion in market value and dragging the […]
Republican Senator Marco Rubio on Monday blasted U.S. regulatory approval of a bid by chip intellectual property company Alphawave to purchase U.S.-based OpenFive, over alleged national security risks posed by the buyer’s ties to China’s Wise Road Capital. On Friday, the Toronto and London-based Alphawave, which licenses its technology to chipmakers, said it had received […]
Meta Platforms Inc’s Facebook has in-principle agreed to settle a lawsuit in the San Francisco federal court seeking damages for letting third parties including Cambridge Analytica access the private data of users, a court filing showed. The financial terms were not disclosed in the filing on Friday that asked the judge to put the class […]
President Joe Biden on Thursday signed an executive order on implementation of the $52.7 billion semiconductor chips manufacturing subsidy and research law, the White House said. Earlier this month, Biden signed the bill to boost efforts to make the United States more competitive with China’s science and technology efforts. By subsidizing U.S. chip manufacturing and […]
In an attempt to warn about the current global economic situation, Huawei founder Ren Zhengfei is urging big and small businesses to focus on surviving, as the worse is yet to come. Global tensions are rising, and China, as a powerhouse, is playing its cards to show its powerful stance. Yet, could this be at […]
A bipartisan group of U.S. lawmakers on Monday released a revised version of a bill aimed at making it easier for news organizations to negotiate collectively with platforms like Google and Facebook. The Journalism Competition and Preservation Act “removes legal obstacles to news organizations’ ability to negotiate collectively and secure fair terms from gatekeeper platforms […]
Taiwan wants to ensure its partners have reliable supplies of semiconductors, or “democracy chips”, President Tsai Ing-wen told the governor of the U.S. state of Indiana on Monday, saying China’s threats mean fellow democracies have to cooperate. Governor Eric Holcomb is making the third trip to Taiwan this month by a U.S. delegation after U.S. […]