The stock market experienced a significant boost today as President Trump announced a 90-day pause on reciprocal tariffs, leading to a surge in tech stocks, especially Nvidia, as optimism grows about AI and trade relations.
Commerce Secretary Howard Lutnick threatens to withhold Chips Act grants unless companies significantly boost their US semiconductor projects, following Taiwan's $100 billion investment announcement.
Intel Corp. has appointed Lip-Bu Tan as its new CEO, entrusting him with leading the company through the challenges of the semiconductor industry. Tan will take over on March 18 and rejoin the board after stepping down in 2024.
In a groundbreaking announcement, TSMC plans to invest $100 billion in US chip manufacturing, creating tens of thousands of jobs and aiming to boost America’s foothold in the semiconductor industry.
