Oracle founder Larry Ellison briefly passes Elon Musk to become the world's richest man—and he has Nvidia CEO Jensen Huang to thank for that

Oracle founder Larry Ellison briefly passes Elon Musk to become the world’s richest man—and he has Nvidia CEO Jensen Huang to thank for that

Good morning. It’s Jeremy here, filling in for Andrew, who is now on paternity leave for a bit. So you’ll see a rotating cast of Fortune tech journalists writing this newsletter for a few weeks. Fortune Brainstorm Tech wrapped yesterday. Here were a few highlights from the final day of the conference: Tom Hale, the…

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Changing times: Cambricon tops Moutai as China’s costliest stock as chips trump baijiu

Changing times: Cambricon tops Moutai as China’s costliest stock as chips trump baijiu

Cambricon Technologies became the costliest stock in mainland China’s equities market, as the Beijing-based chipmaker replaced the liquor distiller Kweichow Moutai in a sign of the rising significance of artificial intelligence (AI) in the world’s second-largest capital market. Trading under the symbol 688256 in Shanghai, Cambricon’s shares jumped 11.60 per cent on Monday to a…

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Changing times: Cambricon tops Moutai as China’s costliest stock as chips trump baijiu

Changing times: Cambricon tops Moutai as China’s costliest stock as chips trump baijiu

Cambricon Technologies became the costliest stock in mainland China’s equities market, as the Beijing-based chipmaker replaced the liquor distiller Kweichow Moutai in a sign of the rising significance of artificial intelligence (AI) in the world’s second-largest capital market. Trading under the symbol 688256 in Shanghai, Cambricon’s shares jumped 11.60 per cent on Monday to a…

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Nvidia denies back-door features in its H20 chips after Beijing raises security concerns

Nvidia denies back-door features in its H20 chips after Beijing raises security concerns

Nvidia said its chips had no “back doors” after China’s cyberspace regulator interviewed company representatives over alleged security risks associated with its H20 chips, which were tailor-made for Chinese customers, although it remains unclear what impact Beijing’s mistrust of the US firm will have over time. “Cybersecurity is critically important to us,” an Nvidia representative…

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ASML launches science project in China to discover new talent in lithography

ASML launches science project in China to discover new talent in lithography

European chip equipment giant ASML has launched a project designed to discover and foster key engineering talent in China, in the latest show of its commitment to the market despite intensified US restrictions on advanced chipmaking technologies. The Dutch lithography system maker has launched a science competition aimed at deepening public understanding of lithography –…

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Donald Trump pushes to end US’ tech reliance on China as tariff exemptions kick in

Donald Trump pushes to end US’ tech reliance on China as tariff exemptions kick in

US President Donald Trump has emphasised that the United States cannot depend on China for essential technologies like semiconductors, chips, smartphones, and laptops, the White House said on Saturday (April 12), following a decision to exempt these items from steep new tariffs. The exemptions mark a significant policy move within Trump’s broader strategy to reduce…

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Chip war: China amends ‘place of origin’ in boost to local semiconductor manufacturers

Chip war: China amends ‘place of origin’ in boost to local semiconductor manufacturers

China has clarified the place of origin for integrated circuits (ICs) amid an escalating US-China tariff war, which is expected to give local semiconductor foundries a significant boost, potentially undermining US President Donald Trump’s plan to bring manufacturing back to America. The state-backed China Semiconductor Industry Association (CSIA) informed its members on Friday, citing customs…

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