VENTURE CAPITAL POST

South Korea's President Yoon Suk Yeol said the government will invest 9.4 trillion won ($6.94 billion) in artificial intelligence (AI) by 2027 in a bid to maintain its global dominance in semiconductor chips.

The Chinese government has slammed the US for tightening regulations about semiconductor exports, claiming they have created trade barriers and heightened uncertainty in the chip industry.

Many Chinese semiconductor companies associated with Huawei are reportedly being considered for blacklisting by the Biden administration.

China's Big Fund raises $27 billion to counter US tech restrictions, aiming for chip self-sufficiency amidst escalating tensions. US tightens curbs as China pushes for autonomy.

Broadcom's shares fell after its full-year forecast failed to impress investors despite its expectations of $10 billion in AI chip sales this year.

Nvidia has surpassed Saudi Aramco as the third most valuable public company after Apple and Microsoft.

Reportedly, semiconductor businesses may confront water shortages as chip production technology advances.

Nvidia's stock price rose over 12% in premarket trading on Thursday, February 22, after reporting record profits above Wall Street estimates.

The Biden administration has announced an $11 billion investment in semiconductor-related research and development and a $5 billion fund to launch the National Semiconductor Technology Center.

Israel's finance and economy ministries on Monday approved a plan by Intel Corp to invest $6 billion in the upgrade of its chip manufacturing plant, in what would be the largest single investment by a foreign company in the country.

The Chinese smartphone industry boosted the production of chips in Korea, making investors in the industry in charge of the market.