Reuters Asia Business

(Reuters) -Nvidia CEO Jensen Huang said on Tuesday he expects to make announcements with South Korean companies that will please U.S. President Donald Trump and South Korea when he visits the country this week. Huang plans to meet global leaders and top Korean executives when he attends the Asia-Pacific Economic Cooperation CEO Summit in South …

Nvidia CEO expects to make announcements with South Korean partners this week Read More »

SEOUL (Reuters) -SK Hynix on Wednesday said it expects the global memory chip market to experience a prolonged “super cycle”, and that supply growth is likely to be limited just as demand for AI applications expands. (Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Christopher Cushing)

By Jamie McGeever ORLANDO, Florida (Reuters) -Another wave of U.S. tech euphoria lifted Wall Street to new highs on Tuesday, this time in the shape of a deal between Microsoft and OpenAI, a day ahead of a clutch of U.S. Big Tech earnings and the Federal Reserve’s policy decision. In my column today, I look …

Trading Day: Tech it to the limit, one more time Read More »

By Noel Randewich (Reuters) -Nvidia was on the verge of becoming the first company worth $5 trillion on Tuesday after the heavyweight chipmaker said it had $500 billion in bookings for its artificial intelligence processors and that it will build seven new supercomputers for the U.S. Department of Energy. Nvidia’s stock closed almost 5% higher, …

Nvidia’s stock market value nears record $5 trillion Read More »

WASHINGTON (Reuters) -U.S. President Donald Trump and Chinese leader Xi Jinping will discuss a trade framework to reduce U.S. tariffs on Chinese goods in exchange for Beijing’s commitment to curb exports of fentanyl precursor chemicals, the Wall Street Journal said on Tuesday. Details of the agreement would be hammered out in subsequent negotiations, and the …

Trump, Xi to discuss tariff cuts tied to China’s fentanyl crackdown, WSJ reports Read More »

By Stephanie Kelly LONDON (Reuters) -Hitachi Ltd [6501.T] signed a deal  with the U.S. Department of Commerce on Tuesday to promote investment in grid modernization, as the U.S. faces record electricity demand from Big Tech’s build-out of artificial intelligence data centers.   U.S. President Donald Trump visited Japan on Tuesday and the two countries agreed to a …

Hitachi partners with US to modernize grid  Read More »