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Nvidia's Chinese Rivals Gear Up For Trump's Return With New Strategies - Overseas Expansion, Hire Foreign Talent And More
Friday, November 8, 2024 - 8:53am | 540Amid the anticipation of Donald Trump‘s return to the U.S. presidency, Nvidia’s (NASDAQ:NVDA) Chinese rivals are preparing for potential challenges by implementing new strategies. China’s semiconductor industry is focusing on acquiring foreign chipmaking equipment, recruiting...
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NVDL, SOXL, And Other Chip-Stock Tracking ETFs Are Trading Higher In Premarket Today: Here's Why
Wednesday, July 31, 2024 - 8:15am | 515In a recent development, chip ETFs have experienced a significant upswing as a result of President Biden’s decision to exempt some allies from the new rule governing chip exports to China. This movement also comes on the heels of Advanced Micro Devices, Inc. (NASDAQ:AMD) posting its...
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ASML Shares Surge Over 7% As Team Biden Plans To Exempt Allies From New Rule On Foreign Chip Equipment Export To China
Wednesday, July 31, 2024 - 5:31am | 747Shares of Dutch chip equipment manufacturer, ASML (NASDAQ:ASML), soared in pre-market trading following the Biden administration’s announcement of a new rule on foreign chip equipment exports to China. What Happened: ASML was trading 7.63% higher at $925.84 on higher during Wednesday’s...
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China's Chip Sector Poised For 'Explosive Growth' In Next 3-5 Years Amid Tech War With US, Says Industry Leader
Tuesday, July 23, 2024 - 8:10am | 542Chen Nanxiang, chairman of the China Semiconductor Industry Association (CSIA) and head of Yangtze Memory Technologies Corporation (YMTC), has predicted a significant surge in China’s chip industry within the next three to five years. What Happened: Chen, in an interview with CGTN, the...
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ASML-Backed University Finds Itself Caught In The Middle Of US-China Chips War
Tuesday, July 16, 2024 - 9:13am | 617In the escalating U.S.-China chip war, the Eindhoven University of Technology, a significant talent source for ASML Holding NV (NASDAQ:ASML), finds itself under increasing scrutiny from the U.S. The Netherlands, a primary source of machinery and expertise for advanced semiconductors, is under...
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Xi Jinping Urges China To Ramp Up Tech Innovation Amid Ongoing Chip Dispute With US
Tuesday, June 25, 2024 - 9:56am | 538Chinese President Xi Jinping has called on his nation to boost its innovation capabilities, in light of the continuing semiconductor conflict with the U.S. What Happened: Xi, addressing a national science conference on Monday, praised China’s scientific advancements but underscored the...
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Xi Jinping's China Forges Ahead With Better In-House AI Chips To Cut Reliance On Nvidia, Other Foreign Sources Amid US Curbs
Wednesday, May 15, 2024 - 2:46am | 542In a significant development, Chinese chipmakers are making headway in producing high bandwidth memory (HBM) semiconductors, a crucial component in artificial intelligence (AI) chipsets. This progress marks a key step in China’s efforts to diminish its dependence on foreign suppliers amid...
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Beating US Sanctions, Chinese Scientists Achieve Mass Production Of Optical Chips At Low Cost
Monday, May 13, 2024 - 9:36am | 774Chinese researchers have discovered an economical way to mass-produce optical chips, which could potentially soften the impact of U.S. sanctions. What Happened: Chinese researchers have developed a cost-effective technique for mass-producing optical chips, crucial for supercomputers and data...
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Nvidia On Verge Of Losing $5B China Revenue In 2024 As US' Stricter Export Ban Returns To Haunt The AI Stalwart
Tuesday, October 31, 2023 - 4:32am | 555Nvidia Corp. (NASDAQ:NVDA) reportedly faces the prospect of losing billions of dollars of revenue from China as the U.S. continues to clamp down on exports of high-performance chips to the Asian nation. What Happened: The U.S. government’s decision to make the China chip ban rules effective...