(Reuters) -Chip equipment maker Applied Materials said on Tuesday it was not changing its outlook for the first quarter in response to the U.S. government’s latest restrictions on semiconductor exports to China. The decision was based on the company’s “initial assessment of the impact” of the new regulations, it added. In its third crackdown in…
By Valerie Volcovici WASHINGTON (Reuters) – U.S. President Joe Biden’s administration has awarded over $100 billion in grants created by its signature climate law, the Inflation Reduction Act, a senior administration official said. The administration hopes the spending milestone will help to continue the deployment of clean energy even after President-elect Donald Trump, a climate…
(Reuters) – AI chip leader Nvidia could put its growing cash pile to use through possible mergers and acquisitions, finance chief Colette Kress said during a technology conference in Arizona on Tuesday. “We can also think about that in terms of our work, of bringing on great teams in some M&A form,” she said at…
By Greg Bensinger and Stephen Nellis LAS VEGAS (Reuters) – Amazon.com’s cloud unit on Tuesday showed new data center servers packed with its own AI chips that will challenge Nvidia, with Apple coming aboard as a customer to use them. The new servers, based on 64 of Amazon Web Services’ Trainium2 chips, will be strung…
