{
Gina Raimondo

People

}
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001122334455554433221100

China's AI advancements challenge Western dominance amid ongoing sanctions and restrictions

In 2023, China is making significant strides in AI and semiconductor technology, with Huawei's Mate 60 Pro showcasing domestic chip innovation despite U.S. sanctions. Startups like DeepSeek are developing competitive AI models, while state support fuels local chip manufacturers like SMIC and Cambricon. China's rapid adoption of AI across industries positions it as a formidable player in the global tech landscape, potentially narrowing the gap with Western advancements.
TradingView
Chinese Yuan Amazon.com, Inc. Baidu, Inc. Cambricon Technologies Corporation Limited Microsoft Corp TENCENT Alphabet Inc. NVIDIA Corporation USA CHN Gina Raimondo Joe Biden Ruth Porat Show more
Technology & Innovation, Market Report
12:00 24.01.2025

biden administration faces backlash over new ai chip export restrictions

Biden's proposed AI chip export restrictions have ignited backlash from the tech industry, with critics arguing it could hinder innovation and weaken U.S. competitiveness. The framework imposes caps on semiconductor sales, potentially alienating key partners and benefiting foreign competitors. While the Commerce Secretary defends the policy as a national security measure, industry leaders warn of its detrimental impact on the economy and global standing in technology.
Cointelegraph
United States Dollar Tesmec S.p.A. NVIDIA Corporation Microsoft Corporation USA Daniel Castro Ned Finkle Gina Raimondo Show more
Technology & Innovation, News Article
07:17 14.01.2025

US imposes new AI chip export restrictions ahead of Trump administration

The Biden administration has implemented stringent export restrictions on AI chips and technologies, aiming to safeguard U.S. national security and maintain technological dominance ahead of Donald Trump's inauguration. The new rules limit advanced GPU exports to non-allied nations and introduce licensing requirements for over 120 countries, while exempting allies like the UK and Japan. Critics, including Nvidia, argue that these measures could stifle innovation and competitiveness in the tech sector.
Decrypt
United States Dollar NVIDIA Corporation RUS IRN CHN PRK JPN GBR USA Zhang Jian Donald Trump Sebastian Sinclair Jensen Huang Ned Finkle Ray Wu Gina Raimondo Joe Biden Show more
Regulatory & Legal, News Article
07:06 14.01.2025

stock market update dow jones rises while nvidia and abercrombie fall

The Dow Jones Industrial Average rose 0.1%, buoyed by UnitedHealth's nearly 4% gain, while Nvidia fell nearly 3% due to new AI export restrictions. Howard Hughes surged over 9% following Bill Ackman's acquisition offer, contrasting Abercrombie & Fitch's nearly 20% plunge despite raising holiday sales guidance. The Nasdaq composite dropped over 1%, with Constellation Energy and Micron Technology among the biggest losers.
Investor's Business Daily
United States Dollar Lululemon Athletica Inc. Caterpillar Inc. Howard Hughes Holdings Inc. Constellation Energy Corp Edison International Apple Inc. Baker Hughes Co NVIDIA Corporation Moderna, Inc. UnitedHealth Group Inc Walmart Inc. Chevron Corp Abercrombie & Fitch Co. Boeing Co Micron Technology, Inc. CHN DEU USA GBR IRN Michael Larkin Howard Hughes Bill Ackman Gina Raimondo Show more
Finance & Economy, Market Report
18:18 13.01.2025

GOP Lawmaker Critiques US Chip Restrictions for Huawei as Ineffective

A key House Republican has criticized the Biden administration's new export controls aimed at limiting China's chipmaking capabilities, claiming they contain loopholes that allow companies like Huawei to continue accessing American technology. Representative John Moolenaar expressed his concerns in a letter to Commerce Secretary Gina Raimondo, highlighting that certain provisions permit Chinese firms to circumvent sanctions by applying different restrictions to various parts of their operations.
Bloomberg.com
Huawei Technologies CO. Ltd. Semiconductor Manufacturing International Corp CHN Gina Raimondo John Moolenaar
Technology & Innovation, News Article
18:51 05.12.2024

us finalizes 6.6 billion subsidy for tsmc semiconductor production in arizona

The U.S. Commerce Department has finalized a $6.6 billion subsidy for Taiwan Semiconductor Manufacturing Co. (TSMC) to boost semiconductor production in Phoenix, Arizona, marking a significant step under the $52.7 billion Chips and Science Act. TSMC plans to invest an additional $25 billion, expanding its total investment to $65 billion, and will produce advanced 2 nanometer technology by 2028. The agreement includes provisions for profit sharing with the U.S. government and a commitment to halt stock buybacks for five years.
CNBC
New Taiwan Dollar United States Dollar Intel Taiwan Semiconductor Manufacturing Co Micron Technology, Inc. Samsung USA TWN CHN Gina Raimondo C.C. Wei Donald Trump Show more
Technology & Innovation, News Article
11:48 15.11.2024
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