“Semiconductor leaders warn the US that market interventions could worsen the global memory chip shortage driven by AI demand.”
A semiconductor industry group has cautioned the US government against attempts to influence memory chip prices or production. They say such interventions could deepen the current global shortage.
The supply squeeze is largely driven by soaring demand from the artificial intelligence sector. The industry stresses that efforts to impose price or capacity controls may distort the market and worsen supply constraints.
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AI developer Anthropic has approached SK Hynix regarding memory chip supplies as the startup explores the development of its own semiconductors.
Samsung Electronics has landed a historic contract to manufacture chips for Broadcom as both companies look to dominate the AI infrastructure sector.
Nvidia is strengthening its foothold in South Korea with a $1 billion investment in Naver Corp. to fund a massive new AI data center.
The Commodity Futures Trading Commission is moving to restrict how prediction markets use blanket 'self-certifications' for event-based contracts.
Major investment funds in Asia are diversifying away from volatile AI stocks, shifting capital toward banking and e-commerce sectors to mitigate risk.
A new initiative in Massachusetts allows electric vehicle owners to monetize their car batteries by discharging stored energy during peak demand periods.
Chinese regulators have imposed a massive $765 million fine on Trip.com Group Ltd. following a monthslong investigation into anti-competitive practices.
The world’s leading EV battery manufacturer, CATL, saw a significant profit increase in the first half of the year, bolstered by the rapidly expanding energy storage sector.
