semiconductors
Washington (AFP) - Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday. The award, to be announced by President Joe Biden as he travels to Syracuse, New York, is the latest in a series of efforts by Washington to bring semiconductor production back to the country. The United States has been working to ensure its lead in the chip industry, especially with regards to the development of artificial intelligence -- both on national security grounds and in the face of competition with...
AFP
Washington (AFP) - The United States announced on Monday grants of up to $6.4 billion to South Korean semiconductor giant Samsung to produce cutting-edge chips in Texas. The award is the latest from the US government as it looks to cement its lead in the chip industry -- especially for chips needed for the development of AI -- both on national security grounds and also in the face of competition with China. President Joe Biden's administration has previously approved billions in grants to US titan Intel and Taiwan Semiconductor Manufacturing Company (TSMC) as it tries to avoid the prospect of ...
AFP
San José (United States) (AFP) - Nvidia chief Jensen Huang said Tuesday he does not expect a "doomsday scenario" but is readying for the worst over tension between China and the United States. The United States last year tightened export controls on technology from Nvidia and other chip companies to keep it out of the hands of the Chinese military. And anti-China sentiment seems a rare unifying theme in a politically divided US Congress, with legislation aimed at curbing Chinese-owned TikTok. "I do have confidence that the goal of the nations is not adversarial," Jensen said when asked by AFP ...
AFP
New York (AFP) - The emergence of AI bots like OpenAI's ChatGPT and Google's Bard has fueled a massive rise in share prices of chip-making juggernaut Nvidia, with its skyrocketing stock now making it the world's fourth biggest company by market capitalization. And for Wall Street, it's no bubble. Between the launch of ChatGPT on November 30, 2022, for example, and the market close on February 23, Nvidia's share price increased fivefold, lifted to investor heaven by an insatiable hunger for so-called generative artificial intelligence. That day Nvidia also crossed the symbolic valuation of $2 t...
AFP
Washington (AFP) - US Commerce Secretary Gina Raimondo expressed confidence Monday that the country can house the entire silicon supply chain for making advanced chips, including tech that is key for artificial intelligence. Her comments come as the United States looks to cement its lead in the chip industry -- especially for chips needed for the development of AI -- both on national security grounds and also in the face of competition with China. Speaking at the Center for Strategic and International Studies think tank in Washington, Raimondo said US manufacturing investments "will put this c...
AFP
Washington (AFP) - OpenAI chief Sam Altman is seeking to raise trillions of dollars to reshape the global semiconductor industry, and has held talks with potential investors including the UAE government, the Wall Street Journal reported Thursday. Altman is reportedly looking to resolve some of the biggest challenges faced by the rapidly-expanding artificial intelligence sector -- including a shortage of the expensive computer chips needed to power large-language models like OpenAI's ChatGPT. The global chip industry is currently dominated by just a few firms, including Taiwan Semiconductor M...
AFP
San Francisco (AFP) - US Commerce Secretary Gina Raimondo on Saturday urged lawmakers, Silicon Valley and US allies to stop China from getting semiconductors and cutting-edge technologies key to national security. Speaking at an annual national defense forum in Simi Valley, California, Raimondo called Beijing "the biggest threat we've ever had" and stressed "China is not our friend." The world's top two economies are locked in a fierce commercial and geopolitical rivalry, in which her department plays a leading role. In October, Raimondo unveiled a series of restrictions on the export of adva...
AFP
San Francisco (AFP) - US chip giant Intel on Thursday said it made more money than expected in the recently ended quarter as it continued to invest in a "geographically balanced" supply chain. Intel shares jumped more than 7 percent to $34.88 in after-market trades. "We delivered a standout third quarter, underscored by across-the-board progress on our process and product roadmaps; agreements with new foundry customers, and momentum as we bring AI everywhere," said Intel chief executive Pat Gelsinger. Intel reported revenue of $14.2 billion, which was 8 percent less than the amount seen in the...
AFP
Taipei (Taiwan) (AFP) - The United States has extended a waiver to Taiwanese semiconductor giant TSMC to supply US chip-making equipment to its factories in China, the island's economic affairs minister said Friday. Taiwan Semiconductor Manufacturing Company, the world's largest contract producer of computer chips, was among the firms that received waivers last year when Washington imposed sweeping export restrictions to prevent China from getting advanced semiconductor technology. The United States says the restrictions are necessary to prevent Chinese advances in cutting-edge computing tech,...
AFP
Tokyo (AFP) - Masayoshi Son's once-exalted reputation as an investor is badly tarnished, but the irrepressible founder of Japan's SoftBank is hoping that the mega-IPO of Arm this week might bring back the good times. The flamboyant farmer's son who rose to become one of the world's richest people is hoping that the US listing of 10 percent of the chip designer will raise $4.5-5.2 billion. That values the British firm at up to $52 billion, a healthy gain on the $32 billion SoftBank spent in 2016 to take control of it. However, the valuation of Arm, whose products are used in 99 percent of the w...
AFP
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