China's $47 Billion Bet to Dominate the Global Chip Market
China has launched a $47 billion semiconductor fund, the largest in a series to boost its chip sector and to counter the U.S.
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China has launched a $47 billion semiconductor fund, the largest in a series to boost its chip sector and to counter the U.S.
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Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, forecast second-quarter sales may rise as much as 30% as it rides a wave of demand chips used in artificial intelligence (AI) applications. Its first-quarter profit also beat estimates.
OpenAI CEO Sam Altman seeks trillions to revolutionize semiconductors and alleviate AI chip scarcity.
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