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US, Vietnamese top diplomats discuss greater chip cooperation: state department

Economic Times

Economic Times · 1y ago

US, Vietnamese top diplomats discuss greater chip cooperation: state department

US Secretary of State Antony Blinken and Vietnamese Foreign Minister Bui Thanh Son met to discuss increasing cooperation in semiconductors and diversifying supply chains. This follows President Biden's visit to Vietnam in September to strengthen ties between the two countries. The US aims to reduce reliance on Chinese supply chains by expanding domestic manufacturing and enhancing trade with trusted partners. Discussions also covered human rights, security, education, and culture. Amnesty International and other rights groups previously criticized Biden for not prioritizing human rights during his Vietnam visit, although he claimed to have raised the issue.

Related News

South Korea asks US to resolve chip trade issues as chipmaking import waiver nears expiry

Economic Times

Economic Times · 1y ago

South Korea asks US to resolve chip trade issues as chipmaking import waiver nears expiry

South Korea has asked the United States to address uncertainties related to export controls and subsidies for chip investment. The country's industry minister met with a US deputy secretary of commerce in Seoul to discuss the matter. The waiver that allowed Samsung Electronics and SK Hynix to import US chip-making equipment into China is set to expire next month, and it remains uncertain whether it will be extended. South Korea seeks active cooperation from the US to resolve these issues. Samsung and SK Hynix collectively dominate global DRAM and NAND flash markets.

Vietnam, US firms sign MoUs on energy, AI, data centre

Economic Times

Economic Times · 9m ago

Vietnam, US firms sign MoUs on energy, AI, data centre

Vietnamese and US companies have established partnerships in the sectors of energy, artificial intelligence (AI), and data centers. Memorandums of understanding (MoUs) were signed during a business forum in the US. Key collaborations include energy technology transfer between PetroVietnam and Kellogg Brown & Root, LNG cooperation between PTSC and Excelerate Energy, and AI and data center development between Sovico Group and Supermicro. Vietnamese President To Lam also attended the forum and is expected to meet with US President Joe Biden during the United Nations General Assembly.

Chinese state-linked accounts hyped DeepSeek AI launch ahead of US stock rout: report

Economic Times

Economic Times · 5m ago

Chinese state-linked accounts hyped DeepSeek AI launch ahead of US stock rout: report

Chinese state-linked social media accounts amplified the launch of DeepSeek's AI models, shortly before US tech stocks fell, reports Graphika. Chinese diplomats and state media promoted this event, suggesting it challenged US AI dominance. Platforms like X, Facebook, Instagram, Toutiao, and Weibo spread the narrative. This mobilization highlights China's competition with the US in advanced AI technologies. DeepSeek's AI assistant surpassed ChatGPT's downloads, impacting US tech stocks and raising concerns about potential tech disputes.

US, Vietnam firms hold business summit during Biden visit; AI deals unveiled

Economic Times

Economic Times · 1y ago

US, Vietnam firms hold business summit during Biden visit; AI deals unveiled

Top executives from leading U.S. and Vietnamese semiconductor, tech, and aviation companies are meeting during President Joe Biden's visit to Hanoi to explore business partnerships. Google, Intel, Amkor, Marvell, GlobalFoundries, and Boeing executives are participating in the Vietnam-U.S. Innovation & Investment Summit. The meeting aims to enhance collaboration, particularly in AI, as the U.S. seeks to reduce the semiconductor industry's exposure to China-related risks. Microsoft and Nvidia have announced AI-related partnerships with Vietnamese companies, and the U.S. has highlighted chip-related investments in Vietnam, including Marvell and Synopsys building chip design centers and Amkor's new factory.

US to hold hearing on China's efforts to boost semiconductor industry

Economic Times

Economic Times · 4m ago

US to hold hearing on China's efforts to boost semiconductor industry

The US Trade Representative's Office is set to hold a hearing to discuss Chinese-made legacy semiconductors, potentially increasing tariffs on these chips. This initiative, initiated under President Joe Biden, aims to protect American and other semiconductor producers from China's extensive state-supported development of domestic chip supply. Currently, a 50% US tariff on Chinese semiconductors is in effect. This meeting underscores ongoing tensions and efforts to safeguard against China's semiconductor industry growth.

One nation, one tariff: What the Centre is planning to light up clean power

Livemint

Livemint · 20d ago

One nation, one tariff: What the Centre is planning to light up clean power

The Indian central government plans to discuss implementing uniform tariffs for renewable energy with stakeholders to encourage the adoption of clean power. This initiative, first proposed in October 2023, requires state cooperation as power is a concurrent subject. The delays in agreement signings between power developers, procurement agencies, and distribution companies have impeded clean power procurement, despite the growth in the installed base, particularly solar energy.

Nvidia’s $400 Billion Tumble This Week Makes Bitcoin Look Calm

Livemint

Livemint · 10m ago

Nvidia’s $400 Billion Tumble This Week Makes Bitcoin Look Calm

Nvidia, the world's biggest maker of AI chips, has seen its stock value drop by over $400 billion this week, adding to concerns over the health of the US economy and an overhyped AI trade. The company's shares have become increasingly volatile, experiencing greater swings than its peers and even Bitcoin. The recent decline was driven by a weak forecast and issues with its Blackwell chip, as well as news of a Justice Department antitrust probe. Despite the slide, Nvidia's stock is still up over 100% this year, and analysts remain positive on its long-term prospects in the AI industry.

Meta's Zuckerberg woos big tech in Asia to double down on AI chips

TechCrunch · 1y ago

Meta's Zuckerberg woos big tech in Asia to double down on AI chips

Meta CEO Mark Zuckerberg is looking to strengthen the company's cooperation with Samsung Electronics for the development of AI chips. This move is aimed at mitigating geopolitical risks in Taiwan, where TSMC, the world's largest contract chip manufacturer, is headquartered. Zuckerberg recently met with Samsung's executives to discuss potential collaborations in AI chips, semiconductors, and extended reality. Additionally, he met with Japanese Prime Minister Fumio Kishida to discuss AI and semiconductors, as Japan seeks to revitalize its chip making industry. Zuckerberg's tour of Asia aligns with the increased global demand for AI chips and efforts by tech companies to reduce their dependence on Nvidia. In a separate meeting, Zuckerberg discussed potential collaboration on extended reality device development with LG Electronics. LG hopes to partner with a more advanced company in the AI space, while Meta aims to expand its ecosystem and offer XR technology on LG's consumer devices.

AMD hits US roadblock in selling AI chip tailored for China

Economic Times

Economic Times · 1y ago

AMD hits US roadblock in selling AI chip tailored for China

Advanced Micro Devices (AMD) has faced a setback in its attempt to sell an artificial intelligence chip tailored for the Chinese market. The US Commerce Department refused the company's request to export the chip due to concerns over the advanced technology falling into Chinese hands. The chip, which has lower performance than the international versions, was specifically designed to comply with US export restrictions. However, US officials deemed it still too powerful and require AMD to obtain a license to sell it in China.

TSMC told US of chip in Huawei product after TechInsights finding, source says

Economic Times

Economic Times · 8m ago

TSMC told US of chip in Huawei product after TechInsights finding, source says

Taiwan Semiconductor Manufacturing Company (TSMC) has informed the US Commerce Department about one of its chips being found in a Huawei product by tech research firm TechInsights. The chip, part of a multi-chip system, could be a violation of export restrictions on Huawei. TSMC said it had not supplied chips to Huawei since September 2020 and is not aware of any investigation against it. This incident highlights the challenges of enforcing export controls and Huawei's need for advanced chips. The US Commerce Department stated that it is aware of the alleged violations but cannot comment on any ongoing investigation.

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