AI SERVERS MANUFACTURING
GlobalFoundries boosts investment plans to $16 billion, with research focus
The Malta, New York-based company said it is working with the Trump administration to bring chip manufacturing technology and various components of that supply chain onto US soil.
Nvidia overtakes Microsoft to become world’s most valuable company
Nvidia gained 0.9% on Tuesday and has surged over 45% since its April low, boosting its market value to $3.45 trillion, just ahead of Microsoft, the world’s most valuable company. Nvidia shares are still 7.8% below their 52-week high seen in January.
Nvidia on m-cap podium; Flipkart’s block deals
GPU giant Nvidia has once again become the most valued publicly traded company in the world, boasting strong financials and sector dominance. This and more in today’s ETtech Top 5.
Tech's Trump whisperer, Tim Cook, goes quiet as his influence fades
Tensions escalate between Apple CEO Tim Cook and Donald Trump as Trump publicly criticizes Cook's absence from a Middle East trip and threatens tariffs on iPhones made overseas, particularly in India. This shift marks a stark contrast from their previously amicable relationship, raising concerns about Apple's future dealings with the administration amidst broader challenges for the company.
Nvidia to launch cheaper Blackwell AI chip for China after US export curbs, sources say
China remains a huge market for Nvidia, accounting for 13% of its sales in the past financial year. It's the third time that Nvidia has had to tailor a GPU for the world's second-largest economy after restrictions from U.S. authorities who are keen to stymie Chinese technological development.
Apple has had few incentives in the past to start making iPhones in US
Apple for decades has been building most of its devices in China, where it has invested tens of billions of dollars on massive factories that rely on a vast network of local suppliers. The company's reliance on a crucial pipeline outside the US thrust the technology trendsetter into the crosshairs of Trump's trade war.
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Nvidia to launch cheaper Blackwell AI chip for China after US export curbs
Nvidia plans to launch a lower-spec AI chip for China, priced at $6,500–$8,000, avoiding advanced tech restricted by US export rules. Based on the RTX Pro 6000D, it aims to regain market share lost to Huawei. Mass production may begin in June, with another chip planned for September.
Not just Apple: Trump threatens to slap tariffs on all imported smartphones including Samsung
President Trump announced a 25% tariff on smartphones, including iPhones and Samsung devices, manufactured outside the U.S., reversing his previous stance. He criticized Apple CEO Tim Cook for producing devices abroad despite U.S. investments. Trump wants iPhones made in the U.S., expressing frustration over Apple's shift to countries like India, despite challenges in relocating the entire supply chain.
Amid 'Jensanity', Nvidia signals plans to keep AI crown
Nvidia CEO Jensen Huang concluded a high-profile visit to Taiwan, highlighting new strategies amid slowing global AI spending. At Computex, he unveiled NVLink Fusion and enterprise AI servers to expand Nvidia's market reach. However, investors fear a drop in spending on artificial intelligence infrastructure as well as damage to sales from US trade friction.
China's Lenovo reports 64% profit decline in fiscal Q4
Lenovo launched its first AI-powered PCs in China last May and followed that with a global rollout in September. CEO Yang Yuanqing has projected that AI PCs will account for a quarter of Lenovo's shipments by 2025, potentially reaching 80% by 2027.
AMD to sell ZT Systems' server-manufacturing business to Sanmina in $3 billion deal
AMD is selling the server-manufacturing arm of its newly acquired ZT Systems to Sanmina for $3 billion, retaining the AI design business. The deal supports AMD’s aim to boost U.S.-based production, with Sanmina becoming a key partner for AI systems manufacturing.
Nvidia share price falls big, chipmaker mulls shocking move
Nvidia stocks were trading in negative on Monday.
Beyond Nvidia, four things to know at Asia’s biggest tech show
Computex, Asia's big electronics show, is set to begin in Taipei. Nvidia's Jensen Huang and other tech leaders will attend. Discussions will focus on AI hardware and the impact of US trade policies. Chip manufacturing is shifting, with opportunities in the Middle East. Concerns about the AI payoff and Intel's new strategy will also be key topics.
Microsoft says it provided AI to Israeli military for war but denies use to harm people in Gaza
Microsoft acknowledged providing AI and cloud services to the Israeli military during the Gaza conflict, including assistance in hostage rescue efforts. An internal review found no evidence its technology was used to harm Gazans, though the company admits limited visibility into customer usage.
Trump’s rush to cut AI deals in Saudi Arabia and UAE opens rift with China hawks
President Trump’s AI chip deals with Gulf nations have sparked internal US tensions. China hawks fear security risks, despite safeguards barring Chinese access. Officials worry the agreements lack binding provisions and could aid China. Trump allies argue the deals protect US dominance by preventing Gulf nations turning to Chinese tech alternatives.
Foxconn profit surges on AI demand, but more conservative on 2025 outlook
Foxconn reported a 91% surge in Q1 profit, driven by strong AI server demand, beating forecasts. Despite robust AI growth, it issued a more cautious full-year outlook amid US-China trade tensions. The company is expanding in electric vehicles and shifting some production to Mexico to mitigate tariff risks.
Apple supplier Foxconn cuts outlook due to tariff uncertainty
Foxconn, a major Apple and Nvidia supplier, anticipates challenges due to U.S. tariff uncertainties, leading to a more cautious full-year outlook despite strong AI server demand. While a temporary tariff truce offers some relief, the need for a permanent trade deal remains crucial. The company reported a significant jump in first-quarter profit and is expanding into electric vehicles.
Foxconn expected to post strong Q1 profit growth on AI server demand
Foxconn, formally called Hon Hai Precision Industry, said last month that its first-quarter revenue jumped 24.2% to a record for that quarter on strong sales of AI servers. But global trade uncertainty could dim the prospects for its outlook this year, as it has a major manufacturing presence in China, though Washington and Beijing on Monday agreed to slash steep tariffs for at least 90 days.
Nvidia reportedly hikes GPU prices by up to 15% as tariffs and TSMC cost surges send shockwaves through retail channels; here's how it will affect you
Nvidia has increased prices for its products, which include gaming GPUs and AI chips. The price rise is due to production costs and restrictions on sales to China. RTX 5090 prices saw a sharp increase and other RTX 50 series cards also jumped. Despite challenges, Nvidia expects to meet financial forecasts. High demand for AI chips is expected.
Apple is developing specialised chips for smart glasses and AI servers: Bloomberg report
Apple is developing custom chips to power future smart glasses, AI servers, and upcoming MacBooks, Bloomberg reports. The glasses chip, built for energy efficiency and camera control, may enter production by 2026. Apple is also advancing its AI efforts with new Mac processors and on-device features through its Apple Intelligence suite.
Taiwan's ASE evaluates how it will support Nvidia's $500 billion US plan
ASE Technology is evaluating a request, likely from Nvidia, to support its $500 billion US AI server expansion but has not decided on investment size or timing. Discussions are ongoing, with ASE emphasizing economic viability and potential expansion of existing Taiwan-based services to the US.
Trade tensions are giving Intel's older chips a second life
While Donald Trump has for now exempted chips from tariffs, a major hit to Intel could come from China's retaliatory tariffs on US imports, with chips manufactured in the US set to face levies of 85% or higher, based on the state-backed China Semiconductor Industry Association's (CSIA) notice earlier in April.
There's a reason the world is a mess, and it's not Trump
The shift to service-based economies, coupled with slowing population growth, has created a challenging economic landscape. Addressing this requires strategies like deficit spending on public investment and income redistribution to foster more equitable societies and stimulate demand.
ETtech Explainer: How Trump tariffs hit Nvidia’s China business, and stock
The US has tightened curbs on export of high-end AI chips to China for the third time, which has exacerbated the pain for semiconductor major Nvidia and its peers amid the Trump tariff-led global uncertainty. As tech stocks lead index routs, we take a deeper look what the barriers could mean for technology and trade.
India finalises electronics components scheme as it eyes major export growth
Key components like PCBs and camera modules will be made locally. Minister Ashwini Vaishnaw highlighted India’s maturing electronics ecosystem and its aim to boost exports to $500 billion by 2030-31.
IT minister Ashwini Vaishnaw showcases indigenous AI server
The indigenous AI server is equipped with 8 GPUs and was completely designed in India, underlining the country's growing strength in advanced electronics and artificial intelligence., said Union Minister for Electronics and Information Technology Ashwini Vaishnaw. The AI server has been developed by VVDN Technologies.
India-made electronic products are gaining global recognition: Ashwini Vaishnaw
IT minister Vaishnaw noted that India's electronics manufacturing has grown fivefold in the past decade, touching Rs 11 lakh crore, while exports have increased six times to over Rs 3.5 lakh crore. He emphasized that a key development in the electronic sector has been the emergence of large-scale design teams within manufacturing firms.
Nvidia faces $5.5 billion charge as US restricts chip sales to China
While the H20 has lower computing capabilities than other Nvidia chips, its ability to connect to memory chips and other computing chips at high speeds is still high. Those memory and connectivity aspects could make the H20 useful in building supercomputers in China, and the US has placed restrictions on selling chips for use in supercomputers in China since 2022.
Nvidia faces $5.5 billion charge as US restricts chip sales to China
Nvidia faces a $5.5 billion charge due to U.S. government restrictions on exporting its H20 AI chip to China, a key component for Chinese AI development. These restrictions, driven by concerns over supercomputer development, impact Nvidia's efforts to engage with China's booming AI industry.
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