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HO CHI MINH CITY -- Vietnam has pledged tax breaks and other perks to semiconductor companies that help to develop the sector in a Southeast Asian country that is taking on an increasingly crucial role amid the China-U.S. chip war.
(Reuters) -- The S&P 500 closed above 5,000 for the first time on Friday and Nasdaq briefly traded above 16,000, with boosts from megacaps and chip stocks, including Nvidia, as investors bet on artificial intelligence technology and eyed strong earnings data.
OpenAI CEO Sam Altman is seeking trillions of dollars in investments to overhaul the global semiconductor industry, The Wall Street Journal reported.
Evidence has accumulated that, despite the United States’ export controls, China’s military-related firms, research centers and universities can still acquire Nvidia’s high-end artificial intelligence (AI) chip. Technology experts say the Biden administration has failed so far to stop small distributors from reselling and smuggling the chips into the Chinese underground markets.