Nvidia Close to Becoming First Trillion-Dollar Chip Firm as AI Boom Drives Stellar Forecast

Nvidia Close to Becoming First Trillion-Dollar Chip Firm as AI Boom Drives Stellar Forecast

ByNews Polite

For Nvidia, the boom in generative artificial intelligence (AI) is everything, everywhere, all at once. The chip designer’s shares extended their rally this year on Thursday, soaring 25 percent after a stellar forecast showed that Wall Street has yet to price in the AI potential of the company that has…

China Chip Imports Drop 12.4 Percent YoY in September, States Government Data

China Chip Imports Drop 12.4 Percent YoY in September, States Government Data

ByNews Polite

China’s chip imports fell 12.4 percent in September, according to official customs data published on Monday, continuing a decline amid tensions with the United States and an ongoing chip shortage. The country imported 47.6 billion chip units during the month, compared with 54.3 billion units in September 2021, according to…

Elon Musk Says Tesla Could Lower Electric Vehicle Prices if Inflation Slows in Future

Elon Musk Says Tesla Could Lower Electric Vehicle Prices if Inflation Slows in Future

ByNews Polite

Tesla Chief Executive Officer Elon Musk said on Friday the electric automaker could lower prices for cars if inflation calms down. Musk, who has over 100 million followers on Twitter, was replying to a tweet on Friday that asked if the company had any plans to lower prices that it…

Semiconductor Exports to Russia Said to Have Plunged by 90 Percent After Curbs Following Ukraine Invasion

Semiconductor Exports to Russia Said to Have Plunged by 90 Percent After Curbs Following Ukraine Invasion

ByNews Polite

Global exports of semiconductors to Russia have plummeted by 90 percent since the United States and allies slapped export controls on Moscow over its invasion of Ukraine, US Commerce Secretary Gina Raimondo said on Wednesday. Raimondo, speaking at an annual Commerce Department conference, also said that controls placed on Russia’s…