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Trump on Wednesday unveiled the long-awaited AI Action Plan, built on three pillars to boost AI development. But key details mentioned—like chip location tracking and new export controls on semiconductor sub-systems—are still up in the air. Here’s a quick breakdown of the major takeaways on AI...
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Trump’s plan to slap a 50% tariff on copper imports sent Comex futures soaring as much as 17% on Tuesday, as per Reuters. But the impact goes beyond price spikes—copper is crucial to electric vehicles, semiconductors, defense systems, and consumer electronics, Reuters notes. According to Reut...
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According to Bloomberg, White House crypto and AI czar David Sacks states that China is, at most, two years behind the U.S. in semiconductor design and has become increasingly adept at circumventing U.S. export controls. Sacks warns that the U.S. should be concerned about Huawei’s rapid progres...
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According to Bloomberg, the Senate’s draft tax bill proposes a temporary boost to the investment tax credit for semiconductor manufacturers—raising it from 25% to 30% of plant investments. The measure is aimed at encouraging chipmakers to ramp up spending on new facilities before the credit expi...
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According to Reuters, U.S. Secretary Of Commerce Howard Lutnick states on Wednesday that President Donald Trump's administration is revisiting certain semiconductor grants issued under former President Joe Biden, indicating that some of the awards could be withdrawn. As noted by the report, Lutn...