Trump Admin. Could Use Chips Act Funds for Intel Stake
The government is seeking to quickly deploy dormant CHIPS Act funding to sectors it considers critical to U.S. national security, according to a report.
Aug. 16, 2025
Trump Says He Will Unveil Semiconductor Tariffs Up to 300% in Weeks, Followed by Steel Levies
It was not clear whether Trump misspoke about steel tariffs since he two months earlier had doubled the levies to 50%. Trump last week announced plans for a 100% tariff on all imported semiconductors.
Aug. 16, 2025
Trump May Impose Section 232 Tariffs on Pharma: White House Trade Adviser
White House trade adviser Peter Navarro noted the heavy focus of these tariffs will be on generic pharma products.
Aug. 15, 2025
Intel Shares Jump Over 7% on Reported Possible U.S. Government Stake In
The reported idea about the U.S. government taking a stake in Intel stemmed from a White House meeting between Trump and Intel CEO. If such a deal were to be inked, it could serve as a model for other investments by the Trump administration.
Aug. 15, 2025
JD.com Stock Dips as Q2 Profit Halves, Weighed by Costly Food Delivery
JD CEO said the company will focus on "a more refined subsidy strategy tailored to different regions and user groups", but analysts saw earnings could remain under pressure for some time.
Aug. 14, 2025
Russian Oil Buyers Like India Could Face Higher Tariffs, U.S. Treasury Secretary Threatens
Bessent said sanctions on Russia could either be tightened or loosened, depending on how the Trump-Putin meeting on Friday goes. He urged European allies to to join U.S. secondary sanctions on Russia.
Aug. 14, 2025
U.S. Treasury Secretary Says Nvidia's Revenue-Sharing Deal Could Expand to Other Industries
Bessent played down fears that the agreement with Nvidia would impose national security risks by giving China access to U.S. technologies, saying "we would not sell any advanced chips."
Aug. 14, 2025
Tencent Says It Has Enough AI Chip Stockpile for Models and Many Options amid Security Concerns over Nvidia's H20
Tencent President Martin Lau said the company doesn't have a definitive answer on the import situation of U.S. AI chips yet as Beijing and Washington continued negotiations.
Aug. 14, 2025
Tencent Defies Estimates with 17% Rise in Q2 Profit as AI Drives Game and Ad
The profit reversed a slowdown trend showcased for the first quarter as Tencent's high-margin businesses--domestic games and marketing services such as video accounts helped offset rising AI spending.
Aug. 13, 2025
AI Startup Perplexity Makes $34.5 Billion Bid for Google's Chrome
The offer was such a surprising one that it is significantly more than Perplexity's own valuation. The startup in July was valued at $18 billion.
Aug. 13, 2025
