Nvidia, the leading AI chipmaker, is facing a steep decline in its market capitalization, now valued at approximately $2.02 trillion. This comes as the United States Department of Justice (DOJ) intensifies an antitrust investigation into Nvidia’s business practices, which has raised serious concerns among investors. The DOJ’s probe focuses on allegations that Nvidia penalizes customers […]
Intel Corporation’s stock has seen a sharp rise as the company explores drastic strategic options, offering a ray of hope to its beleaguered investors after a prolonged slump. On the back of reports that Intel is considering separating its flagship product business from its underperforming manufacturing unit, shares surged nearly 9.5% to $22.04, marking its […]
Japan is grappling with the aftermath of Typhoon Shanshan, one of the most powerful storms to hit the nation in decades, which has left a trail of destruction, multiple fatalities, and widespread disruption. The typhoon slammed into the southern island of Kyushu on Thursday with wind speeds reaching 252 km/h, causing at least five deaths, […]
The European Commission has endorsed a €5 billion state aid measure for the European Semiconductor Manufacturing Company (ESMC), facilitating the establishment of a major semiconductor manufacturing plant in Dresden, Germany. This significant investment marks a pivotal step in strengthening Europe’s semiconductor production capabilities and aligns with the strategic objectives of the European Chips Act. The […]