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Intel faces significant challenges as it attempts to regain its footing in the semiconductor industry amid layoffs and financial losses. Meanwhile, TSMC halts advanced chip supplies to Chinese firms, responding to U.S. export controls and geopolitical tensions. Both companies are pivotal in the global chip landscape.
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Recent developments highlight the ongoing challenges in securing critical minerals essential for clean energy technologies. The EU's efforts to diversify sources face competition from China, while new discoveries in Australia could reshape the palladium market. Recycling initiatives may mitigate mining needs, but geopolitical tensions complicate the landscape.
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German startup Akhetonics has raised €6 million in seed funding to develop a general-purpose optical chip. This innovative approach aims to enhance performance and energy efficiency in computing, particularly for high-demand sectors like networking and avionics. The company plans to deliver its first product by mid-2025.
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Intel's CEO Pat Gelsinger has retired, with David Zinsner and Michelle Johnston Holthaus appointed as interim co-CEOs. Gelsinger's departure highlights ongoing challenges for Intel amid fierce competition from rivals like Nvidia, as the company faces significant financial losses and a restructuring effort.
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Intel's CEO Pat Gelsinger has resigned amid significant financial losses and competitive pressures from rivals like Nvidia. Interim leaders David Zinsner and Michelle Johnston Holthaus will guide the company as it seeks a new CEO while grappling with a 52% drop in stock value this year and a $16.6 billion quarterly loss.
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Amazon Web Services (AWS) is intensifying its competition with Nvidia by unveiling new AI chips, Trainium2 and Trainium3, at its re:Invent conference. These chips aim to provide cost-effective alternatives for AI model training. AWS also announced a supercomputer project, Project Rainier, in collaboration with Anthropic to enhance AI capabilities.
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Nvidia is under investigation by Chinese regulators for potential anti-monopoly violations related to its acquisition of Mellanox Technologies. This probe follows recent US restrictions on technology exports to China, escalating tensions between the two nations and impacting Nvidia's stock performance.