Top universities and research institutes in China have been spending large sums on advanced US computer chips designed by Nvidia to power artificial intelligence research work.

Chinese tech chiefs at the World Artificial Intelligence Conference in Shanghai are said to be looking at speeding up their own AI chip development programme

Foreign investors are lining up to capitalise on the opportunity, with new plants planned in Tamil Nadu and Bangalore, the Financial Times said.

World's largest contract chipmaker TSMC is building a $12 billion semiconductor plant in US state of Arizona

Market watchers say the latest ban is likely to affect a swathe of Chinese tech companies including giants such as Alibaba Group, Tencent Holdings, Baidu, and Huawei Technologies.

US officials tell California chip designer to stop exporting two top chips to China used for artificial intelligence, machine learning, satellite imagery and other purposes

The new foundry will be run as a subsidiary of SMIC in cooperation with the government of Tianjin's Xiqing district. It will have an initial capital of $5 billion, a notice said on Friday

Indiana Governor Eric Holcomb is making the third trip to Taiwan this month by a U.S. delegation after U.S. House Speaker Nancy Pelosi's earlier visit infuriated China.

The decision to stop the buyout is the UK's latest move to protect its technological edge from Chinese ownership, The Guardian reported.

The meeting comes on the heels of a new US CHIPS Act that includes $52 billion in subsidies for companies that make chips or conduct chip research in the United States.

The world's largest memory chipmaker said plans to invest about $15 billion in the centre at Giheung, south of the capital Seoul, over the next six years, it said

Seoul's participation in the first meeting of the 'Chip 4' group could heighten the stakes as it seeks to navigate the divide between the US and China over semiconductors