marees
Platinum Member
Raimondo had meetings with a handful of public market investors to reinforce the importance of chip manufacturing in the U.S., given the growing geopolitical risk around Taiwan, according to people familiar with the matter who asked not to be named because the discussions were private.
Raimondo’s goal was to urge shareholders in companies like Nvidia and Apple
The U.S. Commerce Department declined to comment, as did a spokesperson for Intel.
https://www.cnbc.com/2024/09/12/int...imondo-effort-to-spur-us-chip-production.html
Raimondo did not mention Intel during the meetings
The discussions between the investors and the Secretary were not publicly revealed. Still, sources say that the latter highlighted the growing geopolitical risk around Taiwan, especially as China is eyeing to invade the de facto country. Aside from this, Washington is also investing more on the American semiconductor industry than the last 28 years combined, so the White House is likely keen on pushing American companies to use locally produced chips.
https://www.tomshardware.com/tech-i...com&utm_medium=social&utm_campaign=socialflow
Nvidia CEO Jensen Huang spoke at the Goldman Sachs Communicopia conference on Wednesday and was asked about the geopolitical risk tied to Taiwan and what he would do if something happened.
“In the event that we have to shift from one fab to another, we have the ability to do it,” Huang said, in conversation with Goldman Sachs
CEO David Solomon. “We won’t be able to get the same level of performance or cost, but we will be able to provide the supply.”
Raimondo’s goal was to urge shareholders in companies like Nvidia and Apple
The U.S. Commerce Department declined to comment, as did a spokesperson for Intel.
https://www.cnbc.com/2024/09/12/int...imondo-effort-to-spur-us-chip-production.html
Raimondo did not mention Intel during the meetings
The discussions between the investors and the Secretary were not publicly revealed. Still, sources say that the latter highlighted the growing geopolitical risk around Taiwan, especially as China is eyeing to invade the de facto country. Aside from this, Washington is also investing more on the American semiconductor industry than the last 28 years combined, so the White House is likely keen on pushing American companies to use locally produced chips.
https://www.tomshardware.com/tech-i...com&utm_medium=social&utm_campaign=socialflow
Nvidia CEO Jensen Huang spoke at the Goldman Sachs Communicopia conference on Wednesday and was asked about the geopolitical risk tied to Taiwan and what he would do if something happened.
“In the event that we have to shift from one fab to another, we have the ability to do it,” Huang said, in conversation with Goldman Sachs
CEO David Solomon. “We won’t be able to get the same level of performance or cost, but we will be able to provide the supply.”
