China is reportedly spending big to boost its production of chips for AI and smartphones after the US cracked down on exports

Tech Insider
Xi Jinping
Xi Jinping.

Xie Huanchi/Xinhua via Getty Images

The tech world is being dividing into 'GPU rich' and 'GPU poor.' Here are the companies in each group.

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Rich poor

Reuters/Lucas Jackson

US stocks tumble as Nvidia-led rally fizzles ahead of Powell's Jackson Hole speech

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trader nyse chart screens terminal

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Nvidia plans to triple production of its $40,000 chips as it races to meet huge demand from AI companies, report says

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Nvidia CEO Jensen Huang will deliver second quarter earnings on Wednesday as demand for processors driving the generative AI era booms.
Jen-Hsun Huang, CEO of Nvidia Corp., gives a keynote presentation during the GPU Technology Conference in San Jose, California.

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The world's largest chipmaker promised to create thousands of US jobs. There are growing tensions over whether US workers have the skills or work ethic to do them.

Tech Insider : Economy
Biden TSMC
President Joe Biden with Mark Liu, Taiwan Semiconductor Manufacturing Co.'s chair.

AP Photo/Ross D. Franklin

A feud is heating up between Arizona workers and the world's leading chipmaker after the company said the US didn't have the skills to build its new factory

Tech Insider : Economy
C. C. Wei, President Joe Biden, and Mark Liu walk together.
US President Joe Biden walks with the CEO of TSMC, C. C. Wei, and its chairman, Mark Liu, during a visit to TSMC's first Arizona Fab (semiconductor fabrication plant) in Phase 1A in December 2022.

REUTERS/Jonathan Ernst

One of Wall Street's favorite chipmakers has seen its value tumble as worker shortages and delays dent investor hype

Tech Insider
An aerial view of a 12-inch wafer fabrication plant owned by Taiwan Semiconductor Manufacturing Co. (TSMC) in Nanjing in east China's Jiangsu province Wednesday, Aug. 10, 2022.
An aerial view of a 12-inch wafer fabrication plant owned by Taiwan Semiconductor Manufacturing Co. (TSMC) in Nanjing in east China's Jiangsu province Wednesday, Aug. 10, 2022.

Fang DongxuFeature China/Future Publishing/Getty Images

A Speedo vs 'outdated swimwear' analogy has officially entered the US-China tech war conversation

Tech Insider : Politics, Economy
Xi Jinping and Joe Biden shake hands.
A Speedo vs 'outdated swimwear' analogy has officially entered the US-China tech war conversation.

Saul Loeb/AFP via Getty Images

The AI arms race gives Nvidia 13% upside as the chipmaker looks poised to lead the nascent sector, Bank of America says

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Nvidia stock artificial intelligence bank of america
Nvidia is positioned to emerge as a leader in the AI arms race, BofA says.

ABIDAL/Getty Images

ChatGPT's soaring popularity has added $5 billion to the wealth of Nvidia's founder as Wall Street bets on AI boom for the chipmaker

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Jensen Huang
Nvidia CEO Jensen Huang.

Mandel Ngan/AFP/Getty Images

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