TSMC to invest up to US$6.6 billion in Phoenix microchips fab
The U.S. Department of Commerce and TSMC Arizona have entered into an agreement whereby up to US$6.6 billion in proposed CHIPS Act direct funding will be utilised by TSMC to build a third microchips fab in Phoenix, Arizona. This investment brings TSMC's total capital expenditure for the Arizona ...
April 09
Nucor Corporation acquires SWDP for $115m, launches Nucor Data Systems to meet growing data centre demand
Steel manufacturer Nucor Corporation (NYSE: NUE) has acquired Southwest Data Products, Inc. (SWDP), a manufacturer and installer of data centre infrastructure for US$115 million. The purchase is a direct consequent of the growth in data centres demand being fuelled by the increasing use of artificial intelligence (AI), cloud-based services and video streaming across a growi...
April 08
AI-driven data centres set to spark unprecedented surge in copper demand by 2030, warns leading economist
Artificial Intelligence (AI) could contribute to an additional 1 million tonnes of copper demand annually by the year 2030, warned Saad Rahim, chief economist at Trafigura. This prediction has significant implications for the copper market, potentially causing a surge in copper prices due to an exacerbated supply-demand imbalance. “If you look at the demand that is com...
April 08
OpenAI Sam Altman’s $7tr AI chip fundraising earns supporters from UAE, Singapore
Artificial intelligence (AI) firm OpenAI reportedly seeking an enormous investment amounting to between US$5 trillion and US$7 trillion which has garnered interest from investment giants such as Temasek. Spearheaded by CEO Sam Altman, the venture aims to transform the global semiconductor industry and overcome the existing limitations in AI chip supply, which have been hind...
March 18
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