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South Korea Sets Aside Record $19 Billion to Fuel Chipmaking

(Bloomberg) -- South Korea has unveiled a $19 billion package of incentives to bolster its chip sector, a boon to Samsung Electronics Co. and SK Hynix Inc. as they race to stay ahead in an increasingly competitive industry.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Delivers on AI Hopes, Igniting $140 Billion Stock RallyCiti Trader Got 711 Warning Messages Before Sparking Flash CrashTech Up in Late Hours as Nvidia Emboldens AI Bulls: Markets WrapT...
United States Soult Ukpyolsi South Korea Bloomberg Businessweek Intel Corp Samsung Electronics Co
Source: yahoo.com

Nvidia's profit soars, underscoring dominance in chips for artificial intelligence

SAN FRANCISCO — Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom. Its net income rose more than sevenfold compared to a year earlier, jumping to $14.88 billion in its first
Jacob Bourne Santa Clara Lucas Keh Jensen Huang Intel Corp Nvidia Corp

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