China is planning to launch a new $40 billion fund to support its domestic semiconductor industry, Reuters reported. The fund comes as U.S. sanctions have curtailed China’s access to advanced chips and chip manufacturing. It is also part of Beijing’s ambitions to reduce its dependence on foreign technology. Reuters said one area of focus would be for Chinese companies that make equipment...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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