News Snapshot:
American efforts to curb advanced chipmaking in China are working, a top U.S. official said. The chip used in sanctioned Chinese tech company Huawei’s Mate 60 Pro smartphone is not as advanced as chips being made in the U.S., Secretary of Commerce Gina Raimondo said Sunday. TSMC beat on Q2 sales expectations driven by AI boom, Nvidia, and Apple CC Share Subtitles Off English view video TSMC beat on Q2 sales expectations driven by AI boom, Nvidia, and Apple “What it tells me is the export controls are working because that chip is not nearly as good, ... it’s years...