Silicon Valley’s defense tech startups are booming as war shifts

Silicon Valley’s defense tech startups are booming as war shifts

Guvendemir | E+ | Getty Images A wave of defense tech startups in Silicon Valley is drawing billions in funding and reshaping America’s national security. Anduril Industries, recently valued at $30.5 billion following its latest funding round, is among the so-called “neoprimes” — companies challenging the dominance of legacy contractors, dubbed “primes,” such as Lockheed Martin, Northrop…

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Taiwan rejects U.S. proposal of ’50-50′ chip production

Taiwan rejects U.S. proposal of ’50-50′ chip production

Taiwan Semiconductor Manufacturing Company, Limited at Hsinchu Science Park. Annabelle Chih | Getty Images News | Getty Images Taiwan will not accept Washington’s proposal to locally manufacture half the chips it currently supplies to the U.S., the island’s top trade negotiator said. Speaking to reporters, Cheng Li-chiun, also the country’s vice premier, said on Wednesday…

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SK Hynix shares hit multidecade highs, Samsung also surges on OpenAI partnership

SK Hynix shares hit multidecade highs, Samsung also surges on OpenAI partnership

Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Shares of South Korean chip heavyweights Samsung Electronics and SK Hynix surged Thursday, a day after the two companies partnered with artificial-intelligence major OpenAI as part of the U.S. firm’s Stargate initiative. Shares of Samsung hit…

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