At least $1 billion in NVIDIA AI chips smuggled into China
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Trump unveils AI action plan
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Nvidia is now the first company to surge past $4 trillion in market capitalization, rebounding from its DeepSeek-induced slump earlier this year. Other AI chipmakers, including AMD and China’s Huawei, are reporting strong financial results. Nearly every major chipmaker is now centering its strategy on AI. But what if AI doesn’t work out?
Recent developments in the AI chip industry have underscored the strategic importance of precision manufacturing in supporting critical supply chains. PMGC Holdings Inc. recently completed the acquisition of AGA Precision Systems LLC,
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Despite the focus on expansion, the plan does mention the importance of "defending against misuse and preparing for future AI-related risks."
Yhe win comes months after the South Korean start-up rejected an US$800 million acquisition offer from Meta. Read more at straitstimes.com. Read more at straitstimes.com.
"We believe we're in an AI race, and we want the United States to win that race," Trump administration crypto tsar David Sacks told reporters. The AI plan promises to build data centre infrastructure while also eradicating "ideological bias", but critics said it was a giveaway to Big Tech.
Microsoft offers a 16% upside with strong AI/cloud growth, Copilot's potential, and enterprise AI adoption. Click here to read an analysis of MSFT stock now.
LG Electronics Inc. shares advanced in Seoul after a local media report that the company is developing cutting-edge tools for making the memory chips that work alongside AI processors designed by Nvidia Corp.