Why is nancy going to Taiwan?
The US would face a 'deep and immediate recession' if made-in-Taiwan chips were cut off, US commerce secretary says
Huileng Tan Jul 21, 2022, 4:41 AM
The Taiwan Semiconductor Manufacturing Company, or TSMC, accounts for about 90% of the world's chip output, Costfoto/Future Publishing via Getty Images
The US faces a "deep and immediate recession" if its access to Taiwan chips are cut, said Commerce Secretary Gina Raimondo.
The US buys 90% of the leading-edge chips it uses from Taiwan.
The Senate voted on Tuesday to advance a $50 billion bill aimed at boosting US chip production.
https://www.businessinsider.com/us-faces-deep-immediate-recession-taiwan-chip-supply-cut-2022-7
TSMC To Become NVIDIA’s Sole GPU Supplier In 2022 – Report
The Taiwan Semiconductor Manufacturing Company (TSMC) is set to rapidly grow its market share by the end of this year according to a fresh report from Korea. TSMC is the world's largest contract chip manufacturer, as it is responsible for supplying semiconductors to most of the world's largest technology firms. This list includes the Cupertino, California consumer electronics giant Apple, Inc along with chip designer Advanced Micro Devices, Inc (AMD). Additionally, TSMC is also in partnerships with Intel Corporation and Qualcomm Incorporated, both crucial players in the modern day semiconductor industry.
Now, it appears as if the Taiwanese company might soon be responsible for supplying NVIDIA Corporation with all of the latter's graphics processing units (GPUs). NVIDIA already has a partnership with TSMC for some of its products, but purported problems at the company's other chip supplier, the Korean firm Samsung Foundry, will force it to switch sides completely to TSMC according to Business Korea.
https://wccftech.com/tsmc-to-become-nvidias-sole-gpu-supplier-in-2022-report/
The World Economic Forum (WEF) announced its 2020 Technology Pioneers list, highlighting 100 startups driving innovation through technological advancement. Numerous NVIDIA Inception startups were featured, including: ABC Technology, ABEJA, GuanData, Lunit, Fiddler Labs, Metawave, Roadbotics, and Veo Robotics
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Nancy Pelosi's husband just invested millions into NVIDIA and sold large amounts of Visa and Apple stocks and call options
Speaker of the House Nancy Pelosi's husband, Paul Pelosi, exercised millions of dollars in NVIDIA call options and sold large quantities of Apple and Visa options and shares in late June, according to a new congressional financial disclosure.
Paul Pelosi exercised 200 call options, or 20,000 shares, of NVIDIA worth between $1 million and $5 million, according to the disclosure, which Nancy Pelosi filed Thursday with the House of Representatives.
Paul Pelosi also sold 10,000 shares of Visa worth between $1 million and $5 million and sold 50 call options in Apple valued between $100,000 and $250,000.
https://www.yahoo.com/gma/nancy-pelosis-husband-just-invested-160503707.html