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Mamdani criticizes Adams over ‘bag of chips’ controversy: ‘Absurd’

Mamdani criticizes Adams over 'bag of chips' controversy: 'Absurd'

New York City Mayoral Race Heats Up Amid Allegations Zohran Mamdani, a candidate for mayor in New York City, has found himself scrutinizing the current mayor, Eric Adams, following a recent incident involving an aide and some cash. This situation has generated quite a bit of buzz within the local media. Mamdani pointed out that […]

Nvidia is creating advanced AI chips to sell to China.

Nvidia is creating advanced AI chips to sell to China.

Nvidia Develops New AI Chip for Chinese Market Nvidia is reportedly creating a new AI chip aimed at the Chinese market. This chip, known as B30A, is said to be less powerful than Nvidia’s flagship B300 Blackwell GPU, yet it surpasses the capabilities of the H20 chips that the US government currently allows for export. […]

Intel to Provide Government with Equity Stake for CHIPS Act Funding

Intel to Provide Government with Equity Stake for CHIPS Act Funding

Commerce Secretary’s Remarks on Intel and the Chips Act Commerce Secretary Howard Lutnick recently stated that in order for Intel to receive funding from the Chips Act, the company must provide fairness to the U.S. government. His comments, made during a CNBC interview, highlighted expectations for what the Trump administration will require from Intel, emphasizing […]

Chip Stocks Decline as White House Allegedly Pursues Equity for CHIPS Grants

Chip Stocks Decline as White House Allegedly Pursues Equity for CHIPS Grants

Top Line Major semiconductor stocks in Asia and the US experienced declines on Wednesday during pre-market trading. This followed news that the Trump administration might look to acquire equity in companies receiving federal grants under the Biden-era Chips Act. Important facts Commerce Secretary Howard Lutnick is exploring the possibility of acquiring stock interests in chip […]

Commerce Secretary Lutnick states that Intel must provide a government share for CHIPS funding.

Commerce Secretary Lutnick states that Intel must provide a government share for CHIPS funding.

Commerce Secretary Confirms Plans for Chip Investment On Tuesday, Commerce Secretary Howard Lutnick announced the government’s intention to acquire 10% of Inter’s shares in exchange for $8 billion in chip law funds that the Biden administration has approved. Lutnick emphasized that this investment would benefit struggling chip manufacturers. “We need to get equity stakes for […]

How Trump’s Strategy on China Chips Might Fail

How Trump's Strategy on China Chips Might Fail

The Trump administration has decided to reverse certain export controls on advanced AI chips to China, a move that has raised concerns among security experts who view it as a potential blunder. While trade talks continue with Beijing, the administration has reconsidered restrictions on NVIDIA’s H20 AI chips, allowing their sale in exchange for a […]