Express News | Shares of Chip Stocks Are Trading Higher Following Reports Suggesting the US Is Set to Announce Softer Sanctions on Exporting Semiconductor Equipment and AI Memory Chips to China
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On Friday, the first in trading volume among US stocks, nvidia, rose 2.15%, with a transaction of 19.475 billion USD. The German government plans to provide about 2 billion euros in new subsidies to the chip industry, with the new funding to be given to chip companies, covering 10 to 15 projects including the production of raw wafers and microchip assembly. Earlier, the south korea government announced that it would urgently invest over 14 trillion won (approximately 10 billion USD) in policy financing to respond to the uncertainties from the new US government and the increasingly fierce competition in the chip industry. The second ranked stock, tesla, rose 3.69%, with a transaction of 12.46 billion USD. Tesla's vice president.
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Shares of Chip Stocks Are Trading Higher Following Reports Suggesting the US Is Set to Announce Softer Sanctions on Exporting Semiconductor Equipment and AI Memory Chips to China.