THE CHIPS

Huawei's Mate 60 Pro phone, powered by an inferior chip, showcases U.S. curb success on shipments. Commerce Secretary Raimondo highlights U.S. semiconductor superiority. Tensions rise over Huawei's new AI-enabled laptop with an Intel chip.

Despite the short-term volatility, smallcap stocks have delivered superior returns over the long term. For investors with a long-term investment horizon, such stocks in India have shown periods of strong outperformance.

Netflix slumped as one of the bigger drags on the benchmark S&P index and Nasdaq after the video streaming company's second-quarter revenue view fell short of analysts' expectations while the company also unexpectedly said it would no longer provide subscriber counts.

The award, which is not yet finalised, will fund chipmaking facilities in New York and Idaho from the CHIPS & Science law, the senator said in a statement.

Cadence's new systems revolutionize chip design for tech giants like Nvidia. Emulation speeds up software development for billion-transistor chips. CEO Devgan emphasizes the critical role of Palladium Z3 and Protium X3.

Rivos raises $250 million for AI server chip to challenge Nvidia's market dominance. Plans for RISC-V architecture chips. Strategic investments from Lip-Bu Tan, Matrix Capital Management, Intel, MediaTek, and Dell Technologies.

AMD launches new semiconductors for AI business laptops/desktops, boosting shares. HP/Lenovo to release chips in Q2 2024. AI PCs vital for PC market recovery, facing competition from Nvidia and Intel.

India plans Nvidia deal for GPUs under AI Mission to offer subsidised units to startups. Global trend shows China, US securing AI infrastructure with Nvidia GPUs. Indian companies seek GPUs for AI competitiveness.

Intel and Nvidia to launch China-specific AI chips, HL-328 and HL-388, complying with U.S. export controls. Nvidia's H20 chip to be delivered in 2024.

The funding from the 2022 Chips and Science Act will support two chip production facilities, a research center and a packaging facility, in Taylor, Texas, the agency said, as previously reported by Reuters.

The United States placed Huawei on a trade restriction list in 2019 over sanctions violations related to Iran, part of a broader effort to hobble Beijing's technological advances.

Meta planned to deploy a new version of a custom data center chip to address the swelling amount of computing power necessary to run AI products in Facebook, Instagram and WhatsApp.

The new custom silicon chip processor, which is already powering YouTube ads, Google Earth Engine and other Google services, will become available for customers later in 2024.

Kishida commented a day before a summit with US president Joe Biden that will focus on boosting economic and defense ties to offset China's growing might.

The two sides concluded a two-day session of their Trade and Technology Council on Friday with a l2-page joint statement on the meeting's outcomes.

South Korea's Hanwha Aerospace announced plans to spin off its semiconductor equipment and video surveillance businesses to focus on its defense division. The spin-off will separate chip equipment maker Hanwha Precision Machinery and surveillance camera maker Hanwha Vision into a new industrial solutions company. The move aims to enhance the valuation of its high-growth chip equipment business and streamline its defense-focused strategy. Hanwha Aerospace's market capitalization is expected to benefit from the spin-off, aligning with Hanwha Group's efforts to streamline its defense business.

ASML dominates the market for lithography tools - huge expensive, complex machines that perform one step in the chipmaking process, helping to create circuitry.

Washington may also be seeking to add to a list of Chinese chipmaking factories restricted from receiving Dutch equipment as part of the discussions, one of the people said. The Dutch Foreign Ministry confirmed the upcoming meeting but did not elaborate on which topics would be on the agenda.

SiMa.ai raised $70 million from Maverick Capital, Point72, Jericho, Amplify Partners, Dell Technologies Capital, and Fidelity Management. The startup designs chips for AI applications in consumer devices to process data into different content forms for a future where AI is mainstream.

The appeal comes as ASML weighs what share of its future operations will be based in the Netherlands, and one week after the Dutch government presented a plan to spend 2.5 billion euros ($2.7 billion) on improving infrastructure in the Eindhoven region to keep ASML from leaving.

The island plays an outsized role in the global chip supply chain as it is home to the world's largest chipmaker Taiwan Semiconductor Manufacturing Co, which supplies chips to Apple and Nvidia. The country also houses smaller chipmakers, including UMC, Vanguard International Semiconductor, and Powerchip Semiconductor Manufacturing.

Operating profit for Samsung likely rose to 5.7 trillion won ($4.24 billion) in the quarter ended March 31, according to the average of an LSEG SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate.

The recent earthquake off Taiwan's east coast highlights the risks of concentrating chip-making capacity in one territory. While initial reports suggest no immediate impact on supply chains, the incident underscores the need for diversification. Chipmakers are already accelerating plans to diversify beyond Taiwan due to factors like the Covid outbreak and tensions with China. India, with its ambitions in chip manufacturing, offers an interesting proposition for Taiwanese chipmakers and could play a crucial role in diversifying the global semiconductor supply chain.