Month: June 2023

US Considers New Rules on AI Chip Export to China: Report

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The Wall Street Journal reported on Tuesday, citing people with knowledge of the situation, that the US is exploring further limitations on the export of AI technology to China. In extended trade, shares of Advanced Micro Devices (AMD) plummeted roughly 1.5%, while those of Nvidia fell more than 2% in response to the news. According … Read more

Vedanta expands its technological in India efforts with a $4 billion display factory in India that will add 3,500 direct jobs.

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In order to build and maintain a $4 billion facility in western India, the recently hired chief executive officer of Vedanta Resources Ltd.’s unproven display sector is looking to acquire top personnel from around the world. The display venture will soon start hiring people from South Korea, Taiwan, Japan, and other locations to set up … Read more