WASHINGTON — The Commerce Department’s efforts to curb China’s and Russia’s access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons, according to a report published Wednesday by the Senate’s Permanent Subcommittee on Investigations. The Biden administration imposed export controls to limit the […]
Nvidia CEO Jensen Huang said companies will need more computational power to improve artificial intelligence.Mads Claus Rasmussen/Ritzau Scanpix/AFP via Getty Images Nvidia stock is close to bear market territory after a 17% drop from its record high in November. The sell-off has intensified since recent comments from Microsoft’s CEO suggested the chip craze is easing. […]
Xi Jinping’s Communist party has shifted its economic focus to stoking domestic demand, switching its priority away from investing in the technology and industry that have helped China become an export powerhouse. Emerging from their annual economic conference this week, party leaders spoke of the need for “vigorous” efforts to boost consumption and domestic demand […]
Advocates: Micron needs to explain what a “good job” is But while Neuffer joined Harris’ and the Commerce Department’s chorus, praising the award for creating “high-paying American jobs,” bolstering US national and economic security, and fueling “innovation for years to come,” communities are raising questions. Advocates with Jobs to Move America (JMA)—who are organizing ahead […]
(Reuters) – The U.S. Department of Commerce has finalized a subsidy of more than $6.1 billion for memory chip maker Micron Technology (MU) to support the construction of several domestic semiconductor facilities, according to a White House statement on Tuesday. The investment, unchanged from the amount originally announced in April, marks one of the largest […]
Department of Government Efficiency co-lead and former U.S. presidential candidate Vivek Ramaswamy isn’t prepared just yet to reveal his hand when it comes to where the new agency he will run with Elon Musk under President-elect Trump, DOGE, will target spending cuts. But one immediate area of focus where he isn’t holding back is what […]
In a world where people are increasingly doubting the potential of AI, you can count on Jensen Huang, the CEO of Nvidia, to be the last one hyping up how AI will be the fundamental force that changes society. Talking to WIRED senior writer Lauren Goode at The Big Interview event on Tuesday in San […]
The US government has been imposing similar export controls on China aimed at limiting its ability to mint advanced silicon for years, but the controls apparently didn’t stop Huawei from developing competitive chips for training large AI models. The Chinese tech giant, which was temporarily crippled by US sanctions half a decade ago, sent samples […]
On Tuesday, the Biden-Harris administration finalized a CHIPS award of up to $7.865 billion to help fund expansions of Intel’s commercial fabs in the US. By the end of the decade, these fabs are intended to decrease reliance on foreign adversaries and fill substantial gaps in America’s domestic semiconductor supply chain. Initially, Intel was awarded […]
(Reuters) – The U.S. government plans to reduce Intel Corp’s preliminary $8.5 billion federal chips grant to less than $8 billion, the New York Times reported on Sunday citing unnamed sources. The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, the people told the Times. […]
