President Xi Jinping urged China to focus on technological self-reliance and closer ties with the Global South as he visited Shanghai on Tuesday – his first inspection trip since sweeping US tariffs prompted an escalation of the US-China trade war. The selection of the financial and industrial powerhouse as his first stop highlights China’s determination…
The major averages were broadly lower near noon, with the Nasdaq down over 300 points amid escalating trade tensions and new export restrictions. This follows the U.S. government’s decision to tighten export controls on advanced AI-related computer chips. The recent U.S. actions have intensified concerns over a potential trade war. President Donald Trump has announced…
President Donald Trump’s administration has announced a sweeping new tariff of up to 245% on Chinese imports, sharply escalating the trade conflict between the United States and China. The decision, detailed in a fact sheet released late Tuesday by the White House, comes in response to Beijing’s recent export restrictions and retaliatory tariffs. US President…
We recently published a list of Top 10 AI Trending News on Wall Street. In this article, we are going to take a look at where Gorilla Technology Group Inc. (NASDAQ:GRRR) stands against other top AI trending news on Wall Street. China and the US have been at a crossroads over the past year over…
Nvidia’s (NVDA) earnings will be a critical test for the AI trade following the stock’s sluggish start to the year. But even if the chip giant beats Wall Street’s lofty expectations, it doesn’t guarantee the stock will regain its lost momentum. In fact, the road ahead is likely to be bumpy as concerns surrounding China’s…
The Stargate Project – a venture initially led by SoftBank Group, ChatGPT creator OpenAI, Oracle and Emirati investment firm MGX – plans to plough up to US$500 billion in the US over the next four years into an advanced network of data centres, housing high-performance computing infrastructure needed for AI development initiatives. The first such…
President Joe Biden’s final days in office seemed all about cementing the United States’ well-established lead over China in the market for artificial intelligence. The administration’s methods — focused on severing China’s access to AI by regulating global access to advanced semiconductors — were met with nods of approval from policy experts but annoyance from…
China must develop new chip-design technologies that do not rely on advanced manufacturing processes, according to one of the mainland’s leading authorities on semiconductors, as the domestic integrated circuit (IC) industry faces increased US technology restrictions. “It’s time to commit to building our own technological ecosystem,” Wei Shaojun, a professor at Tsinghua University’s School of…
By Karen Freifeld (Reuters) -Taiwan Semiconductor Manufacturing Company notified the U.S. that one of its chips had been found in a Huawei product after tech research firm TechInsights took apart the product and revealed a possible violation of export restrictions on the Chinese company, according to a person familiar with the matter. The teardown was…