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

(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 …

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SK Hynix sees memory chip ‘super cycle’ to be prolonged

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)

Australia’s Lynas invests in new Malaysian heavy rare earth facility to meet rising demand

(Reuters) -Australia’s Lynas Rare Earths indicated rising demand for heavy rare earth oxides sourced outside China as it announced a new separation facility in Malaysia on Wednesday. Lynas, the world’s largest rare-earth producer outside China, said the project would cost about A$180 million ($116.96 million) and will have the capacity to separate up to 5,000 …

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Nvidia will build AI supercomputers for US Energy Department, wants to get back into China

By Stephen Nellis, Alexandra Alper and Arsheeya Bajwa WASHINGTON (Reuters) -Nvidia CEO Jensen Huang came to Washington on Tuesday with a message for the Trump administration: the U.S. can win the AI battle if the world, including China’s massive developer base, runs on Nvidia systems.  In his address at the first Nvidia developers’ conference held in …

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Nvidia’s stock market value nears record $5 trillion

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, …

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US agency votes to tighten restrictions on Chinese tech companies deemed threats

By David Shepardson WASHINGTON (Reuters) -The United States tightened rules on telecoms gear made by Chinese companies deemed a national security risk, the latest move in a broader crackdown on Beijing. The Federal Communications Commission voted 3-0 on Tuesday to block new approvals for devices with parts from companies on its “Covered List” and to …

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Smithfield Foods says higher pork prices boost sales

By Tom Polansek and Savyata Mishra (Reuters) -Smithfield Foods, the biggest U.S. pork processor, said on Tuesday that its quarterly revenue and profits jumped as sales prices climbed. The meatpacker, a majority-owned subsidiary of Hong Kong-based WH Group, raised the midpoint of its annual profit forecast range, sending shares up 6%. “It’s really all about …

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

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 …

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Hitachi partners with US to modernize grid 

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 …

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