One of the world’s most valuable companies is throwing Intel a lifeline. Nvidia, which has a market cap of $4.3 trillion, said today that it will invest $5 billion in Intel, the struggling US chipmaker that was recently at the center of an unorthodox investment deal with the US government. Intel shares jumped more than…
The Trump Administration had no involvement in the partnership at all, and they would have been very supportive, of course. And today I had the opportunity to tell Secretary Lutnick, and he was very excited, very supportive of seeing American technology companies working together. Source link
The US can’t afford to outsource its chipmaking future, says former Trump adviser Gary Cohn. “The United States, as we know, has to become a chip manufacturer,” Cohn, who served as director of the National Economic Council during President Trump’s first term, said on Yahoo Finance’s Opening Bid. “We cannot be dependent on the rest…
China has strategically dropped its antitrust investigation into Google while intensifying regulatory pressure on Nvidia and Intel, as Beijing selectively targets semiconductor companies that represent the most critical leverage points in escalating US-China trade negotiations. The decision to terminate the Google probe, which focused on Android’s dominance among Chinese smartphone makers, comes as China simultaneously…
Yahoo Finance’s Jake Conley reports: Nuclear energy represents a $10 trillion potential market opportunity that could hold “the answer to the world’s power shortages,” according to a new report from Bank of America. Rising demand, combined with strong support from the Trump administration and a public narrative turning positive after years of a dour outlook…
By Purvi Agarwal and Sukriti Gupta (Reuters) – U.S. stock index futures gained on Thursday, with those tied to the S&P 500 and the Nasdaq at record highs a day after the U.S. central bank delivered a quarter-point interest rate cut, while Intel climbed after Nvidia decided to build a stake in the company. Intel…
China’s drive for economic self-reliance is raising the spirits and prospects of its semiconductor industry, as insiders expect more home-grown technologies after Washington revoked waivers for some foreign-owned chipmakers’ factories in China to use US technologies in their operations. The Chinese branches of South Korean chipmakers Samsung and SK Hynix, as well as Intel Semiconductor…
Intel no longer has to fulfill certain requirements or meet milestones that it was originally supposed to under the CHIPS Act, now that the government is taking a stake in the company. According to the Wall Street Journal, Intel said in a filing that it can now receive funding from the government, as long as…
US has notified a new rule revoking earlier permissions that allowed Samsung, SK Hynix and Intel to use American chipmaking equipment in China, reports news agency Reuters. These approvals, granted in 2022 by the Commerce Department, were exceptions to broader restrictions on exporting semiconductor tools to China. Under the new rule – posted in the…
Intel received the $5.7 billion in cash on Wednesday night as part of the deal U.S. President Donald Trump negotiated for a 10% stake in the struggling chipmaker, finance chief David Zinsner said at an investor conference on Thursday. The stake in Intel announced by the U.S. government last week is an incentive for Intel…