VENTURE CAPITAL POST

Wall Street rebounded strongly on Friday, led by a 1.63% surge in the Dow Jones, after moderate inflation data boosted hopes for an early Federal Reserve interest rate cut.

Nvidia CEO Jensen Huang decided last week to sell over $31 million worth of the company’s stock in a move to entice investors.

Taiwanese chipmaker TSMC said that the rising demand for artificial intelligence is boosting its growth and capacity and is influencing its short-term forecast.

Shares of the TSMC rose to a record intraday high in Taipei’s stock market after Morgan Stanley and other brokers boosted price targets on the company before its earnings.

Samsung estimated that it made a meteoric 15-fold rise in its second quarter operating profit, which it said was better than its expectations.

The United States, Japan, and South Korea have agreed to strengthen its cooperation on building more resilient supply chains and developing key technologies, particularly semiconductors, clean energy, cybersecurity, and critical minerals.

The United States (US) is urging Japan and the Netherlands to further hamper China's capability to produce high-tech semiconductors.

A US official is traveling to Japan after discussions with the Dutch government to strengthen allied to restrict China's access to advanced semiconductor technology.

Nvidia officially surpassed Microsoft Tuesday (June 18) as the world’s most valuable company after its stock price is valued at $135 per share.

China has launched its largest semiconductor investment fund to date to boost its domestic chip industry.

China launched the third phase of its ‘Big Fund’ program supporting local semiconductor manufacturers with an estimated value of $47.5 billion.

South Korea, Japan, and China are set to undergo a trilateral summit in Seoul on May 27, the first time the three nations held such talks in five years.

Nvidia reported a stronger-than-expected first quarter revenue forecast, including an announcement of a stock split after its shares reached the $1,000 mark.

Samsung Electronics has appointed a new chief for its semiconductor division to strengthen its position in the competitive AI chip market.

Samsung Electronics has appointed a new chief for its semiconductor division to strengthen its position in the competitive AI chip market.