VENTURE CAPITAL POST

US Commerce Secretary Gina Raimondo claimed Huawei's Mate 60 Pro processor isn't as sophisticated as American chips.

ASML's sales drop dragged chip stocks. Despite this, CEO Peter Wennink is still optimistic.

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.

Malaysia is increasingly attracting semiconductor factories amid escalating tensions between the US and China.

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.

In response to the US House passing a TikTok ban bill and amid fears of Chinese retaliation, China has initiated measures to exclude US-manufactured microprocessors, particularly from Intel and AMD.

The Biden administration's $20 billion grant to Intel aims to strengthen the semiconductor chip output in the U.S. and reduce dependency on foreign chip production, particularly from China and Taiwan.

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

An Arizona State University-led consortium with over 70 partners received $40 million from the US Department of Defense under the CHIPS Act.

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.

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.