Iranian lawmakers are discussing the wording of a proposed agreement with Oman regarding the Strait of Hormuz, while US President Donald Trump insists that reaching a deal is becoming increasingly realistic, Bloomberg reported. Trump said the talks were “moving forward,” but declined to offer additional comment when White House reporters asked him about the progress of the negotiations.
US President Donald Trump imposed 15% tariffs on polysilicon products from China and also set minimum prices for certain related imported goods. These measures are aimed at protecting domestic solar-energy supply chains in the US from competition from China.
Trump again voiced his support for lowering interest rates, but acknowledged that the decision does not depend solely on the head of the central bank, Bloomberg reported. His tone was much softer than his earlier remarks directed at former Federal Reserve chair Kevin Warsh.
SK Hynix said it will invest 54 trillion Korean won ($38.1 billion) to build two new memory-chip plants, CNBC reported. The South Korean tech giant will invest 35.2 trillion won in a manufacturing plant (fab) in Yongin called “Y2,” and 19.1 trillion won in a plant in Cheongju called “M17.”
Alphabet plans to consolidate leadership of its artificial-intelligence operations in the US, the Financial Times reported. This strategic shift is intended to accelerate practical AI development amid investor concerns about costs and competition.
One of the key US agencies is examining how Chinese AI companies are acquiring and gaining access to Nvidia chips abroad, after a series of technological breakthroughs demonstrated their ability to use advanced hardware despite Washington’s restrictions on shipments, Bloomberg reported.