Washington, July 24 (IANS) President Donald Trump said technology companies developing artificial intelligence must bear the cost of building the massive energy infrastructure needed to support the industry’s rapid expansion, arguing that the policy would protect American consumers from rising electricity bills while accelerating investment in the United States.Speaking at an event highlighting his administration’s Ratepayer Protection Pledge, Trump said soaring electricity demand from AI data c…
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Washington, July 24 (IANS) US President Donald Trump declared that the United States was well ahead of China in the global race to dominate artificial intelligence, arguing that rapid expansion of domestic energy infrastructure was essential to maintaining that lead while ensuring American consumers do not bear the cost of powering the AI revolution.Speaking at an event on the administration’s Ratepayer Protection Pledge, Trump said the explosive growth of AI would require more than double the c…
Washington, July 23 (IANS) US President Donald Trump is expected to raise concerns over China’s alleged acquisition of American artificial intelligence technology when he meets Chinese President Xi Jinping later this year, the White House indicated on Thursday, underscoring Washington’s determination to maintain its lead in the global AI race. Speaking at the daily White House briefing, Press Secretary Karoline Leavitt said protecting US technological leadership would be a priority in any future…
Seoul, July 4 (IANS) South Korean President Lee Jae Myung on Saturday rejected criticism by opposition sides that the government’s large-scale regional investment drive is aimed at boosting his approval ratings, saying the three “megaprojects” are designed to create new hope and a future for the country.Earlier this week, the government unveiled its “three megaprojects” initiative, which envisions a national transformation driven by semiconductors, physical artificial intelligence (AI) and AI da…
Seoul, June 29 (IANS) South Korea plans to develop a new semiconductor production base in the country’s southwestern region through 800 trillion won ($517.9 billion) in corporate investments that will create four memory chip fabrication plants, Industry Minister Kim Jung-kwan said on Monday.Kim unveiled the investment plan to transform the Gwangju and Jeolla regions into the nation’s second major semiconductor cluster, alongside the existing hub in the Seoul metropolitan area, during a national …
Seoul, June 28 (IANS) Samsung Electronics and SK hynix are set to announce major investment plans early this week at a meeting presided over by President Lee Jae Myung, the presidential office said on Sunday.The investments will be unveiled during a briefing scheduled for 2 p.m. Monday at Cheong Wa Dae on the government’s three mega projects aimed at balanced regional development, presidential spokesperson Kang Yoo-jung said.The initiative is jointly pushed by the trade, science, transport and e…
Seoul, April 14 (IANS) South Korea’s exports of information and communication technology (ICT) products more than doubled in March from a year earlier, driven by strong semiconductor demand amid the global artificial intelligence (AI) boom, government data showed on Tuesday.Outbound ICT shipments reached US$43.51 billion last month, up from $20.52 billion a year earlier, according to the data from the Ministry of Science and ICT, reports Yonhap news agency.This marks the first time that monthly …
Seoul, April 7 (IANS) LG Electronics on Tuesday estimated its first-quarter operating profit to have increased 33 per cent from a year earlier, driven by strong performance of its mainstay home appliance business.Operating profit for the January-March period came to 1.67 trillion won (US$1.1 billion), compared with 1.25 trillion won a year earlier, the company said in a regulatory filing.Sales rose 4.4 percent to 23.73 trillion won, marking a record high for a first quarter.Net profit data was n…
New Delhi, Feb 16 (IANS) C2i Semiconductors, a Bengaluru‑based chip design startup supported under the government’s Design Linked Incentive (DLI) scheme, has raised $15 million in a Series A funding round led by Peak XV Partners, bringing its cumulative investment from private investors to roughly Rs 170 crore, it was announced on Monday.The latest funding round follows a $4 million raise in 2024 and, together with DLI support, will accelerate development of power-management semiconductor so…
Mumbai, Jan 28 (IANS) Gold and silver prices continue to scale record highs on Wednesday, amid strong buying demand, weakening dollar, and rising geopolitical tensions, raising safe haven demand.MCX gold February futures rose 2.97 per cent to Rs 1,62,387 per 10 grams around 11.30 am. Meanwhile, MCX silver March futures rose 6.21 per cent to Rs 3,78,401 per kg.International markets also saw gold and silver touching records as caution grew due to ongoing policy uncertainty, fresh tariff threats, a…