US Considers New Regulations on Export of AI Chips to China: Report

US Considers New Regulations on Export of AI Chips to China: Report

The United States is considering new restrictions on exports of artificial intelligence (AI) chips to China, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Nvidia fell more than 2 percent, while Advanced Micro Devices (AMD) fell about 1.5 percent on the news in…

India is Next Key Location for Semiconductor Manufacturers: Ashwini Vaishnaw | Technology News

India is Next Key Location for Semiconductor Manufacturers: Ashwini Vaishnaw | Technology News

Union Minister Ashwini Vaishnaw on Monday said current Central Government has succeeded in attracting investments in emerging technology, and stated that India is the next important location for semiconductor manufacturers. Congress has attempted to do so since the 1980s but was not successful.  During Prime Minister Narendra Modi’s State visit to the US last week, Micron Technology announced a massive India-specific investment plan. On Thursday, hours after PM…

India Approves Micron’s $2.7 Billion Semiconductor Testing Plant Ahead of PM Modi’s US Visit: Report

India Approves Micron’s $2.7 Billion Semiconductor Testing Plant Ahead of PM Modi’s US Visit: Report

India’s cabinet has approved US chipmaker Micron Technology’s $2.7 billion (roughly Rs. 22,159 crore) plan for a new semiconductor testing and packaging unit, a senior government source said on Tuesday ahead of Prime Minister Narendra Modi’s state visit to the US. The government agreed production-linked incentives worth Rs. 110 billion…

Samsung’s Quarterly Profit Set to Drop 92 Percent as Chip Glut Worsens Amid Economic Slowdown

Samsung’s Quarterly Profit Set to Drop 92 Percent as Chip Glut Worsens Amid Economic Slowdown

Samsung Electronics’ first-quarter profit is expected to plunge 92 percent to the lowest for any quarter in 14 years, as a chip glut worsens and buyers like data centres and computer makers slow purchases amid a global economic slowdown. The launch of a new flagship smartphone is expected to have supported…