The US will work with foreign data centres that apply for the Validated End-User program as well as host governments
The broader goal would be to increase global chip production and help bring chip prices down without hurting chipmakers’ profitability
The firm’s stunning surge over the past year has become emblematic of a Wall Street frenzy driven by optimism about emerging AI technology
Nvidia’s stock rose 5.2 per cent to end the day at $1,224.40, valuing the company at $3.012tn
Nvidia’s lead in the AI boom already has made it the most popular stock among individual investors over the past year
The better performance came as its chip division, is expected to report its first quarterly profit in five quarters, as memory chip prices bounce back from a deep trough
The updated rules also are meant to cover AI chips as technology evolves
Amazon says making its own chips will give customers more cost-effective computing power than they could get by renting time on processors
Chipmakers that focus mainly on older technology for mainstream use are seeing a more dramatic slowdown
Outsourcing manufacturing would mark a major shift in Intel’s business model