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Real-time News
On October 18, local time, on October 17, US President Trump signed an executive order to impose a new 25% tariff on imported medium and heavy trucks and parts starting November 1. Trump said that a 10% tariff would also be imposed on imported passenger cars.According to Axios on October 18th, Nvidia (NVDA.O) and TSMC (TSM.N) will announce on Friday the completion of their first wafer in the United States, which will be made into Blackwell chips for artificial intelligence. This milestone represents one of the first achievements of the Trump administrations push to build AI technology in the United States and marks a key step in the USs competition to control the future of artificial intelligence. Nvidia founder and CEO Jensen Huang announced the development on Friday during a visit to TSMCs semiconductor manufacturing facility in Phoenix. Nvidia stated, "Nvidia and TSMC are working together to build the infrastructure that will support global AI factories in the United States." In a joint statement, Nvidia and TSMC stated, "TSMCs Arizona factory is expected to create thousands of high-tech jobs and attract a broad ecosystem of suppliers." However, while this wafer is an important first step in reshoring critical chip production to the United States, there is still a long way to go before the US can completely break free from its reliance on overseas companies and factories for chip demand.Market news: Pakistan "carried out precision air strikes" in the Afghan border area.S&P: Madagascars rating is placed on negative watch.S&P: Confirms Greeces rating at "BBB/A-2"; outlook stable.
