AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn’t yet final and terms could change. Groq raised $640 million at a $2.8 billion valuation in August 2024, making this double the valuation in about a year. Groq previously […]
Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation Read More »
The Trump administration wants its AI technology to be considered an industry leader both on home soil and abroad. But it also doesn’t want the U.S.’s AI prowess to empower or embolden a foreign adversary. That’s quite the balance to strike. If President Trump’s AI Action Plan, which was released on Wednesday, is any indicator,
Trump’s AI Action Plan aims to block chip exports to China but lacks key details Read More »
The massive AI deal between the U.S. and the United Arab Emirates (UAE) is reportedly on hold before it can be finalized due to national security reasons. The deal, which gives the green light to the UAE to buy billions of dollars worth of AI chips from Nvidia and other semiconductor companies, is on hold
UAE’s deal to buy Nvidia AI chips reportedly on hold Read More »
Malaysia is taking on a bigger role in helping the U.S. prevent advanced AI chips from ending up in China. The Malaysian Ministry of Investment, Trade and Industry announced new restrictions on exporting AI chips of U.S. origin out of its country on Monday. Individuals and companies are now required to notify Malaysian authorities at
Malaysia will require trade permits for U.S. AI chips Read More »
Nvidia seems determined to find a way to sell AI chips in China despite U.S. export restrictions. The semiconductor giant is planning to launch an AI chip specifically for the Chinese market as early as September, as originally reported by the Financial Times. This AI chip would be based on Nvidia’s Blackwell RTX Pro 6000
Nvidia reportedly plans to release new AI chip designed for China Read More »
The semiconductor industry could see a big tax benefit if the Trump administration is able to pass the current version of its spending bill. The latest draft of the Trump administration’s “Big, Beautiful Bill,” which already passed in the Senate, will raise the tax credit for chipmakers building manufacturing plants in the U.S. from 25%
US chipmakers could see bigger tax credits if Trump’s spending bill passes Read More »
Intel will begin a new round of layoffs next month. The semiconductor giant plans to lay off 15% to 20% of workers in its Intel Foundry division starting in July, according to an internal memo originally reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for external clients. It’s unclear how many
Intel to lay off up to 20% of Intel Foundry workers Read More »
Nvidia doesn’t think the U.S. will backpedal its chip export restrictions to China anytime soon. The chipmaker is so convinced of that fact that it’s not going to include the Chinese market in its revenue and profit forecasts, CEO Jensen Huang told CNN on Thursday. Huang said he’s not counting on the Trump administration reversing
Nvidia to exclude China from its revenue and profit forecasts Read More »
To comply with the U.S.’ restrictions on exporting advanced semiconductor technology to China, chipmakers NVIDIA and AMD will soon begin selling new GPUs made for AI workloads in China, Taiwanese tech publication Digitimes reported, citing supply chain sources. NVIDIA plans to sell a stripped-down AI GPU, code-named “B20,” while AMD is looking to target AI
NVIDIA, AMD may soon start selling new AI chips in China to comply with US restrictions Read More »
As Nvidia reports earnings for the first quarter of its fiscal year 2026, which closed on April 28, the company has released numbers on how the Trump administration’s recent chip export restrictions are affecting business. Nvidia reported that it incurred a $4.5 billion charge in Q1 due to licensing requirements impacting its ability to sell
Nvidia expects to lose billions in revenue due to H20 chip licensing requirements Read More »
