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Intel pursued deals that boosted CEO Lip-Bu Tan's fortune, sources say

Intel pursued deals that boosted CEO Lip-Bu Tan's fortune, sources say

By Jeffrey Dastin, Max A. Cherney and Milana Vinn SAN FRANCISCO, Dec 10 (Reuters) - When the chairman of AI chip startup Rivos wanted Intel to bid for the company, he had no need to phone the chip giant. That’s because the chairman of Rivos was also Intel’s CEO: Lip-Bu Tan.
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Texas Authorities Arrest Individuals in NVIDIA GPU Smuggling Operation Targeting China

Texas Authorities Arrest Individuals in NVIDIA GPU Smuggling Operation Targeting China

Authorities in Texas have arrested two businessmen involved in a sophisticated smuggling operation that attempted to export over $150 million worth of NVIDIA H100 and H200 GPUs to China. The operation, which violated U.S. export laws, involved falsified paperwork, misclassified goods, and the removal of NVIDIA labels to disguise the chips' origins. The Southern District of Texas announced the seizure of more than $50 million in GPUs, which are used to train and run AI models. The investigation, known as Operation Gatekeeper, has been ongoing since last year and highlights the risks posed by the illegal export of advanced technology. The arrested individuals face potential prison sentences ranging from 10 to 20 years if convicted.
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Congress would target China with new restrictions in massive defense bill

Congress would target China with new restrictions in massive defense bill

The Trump administration may have softened its language on China to maintain a truce in their trade war, but Congress is pushing for more restrictions on Beijing
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House Passes $900 Billion Defense Bill with Troop Pay Raise and New Tech Initiatives

House Passes $900 Billion Defense Bill with Troop Pay Raise and New Tech Initiatives

The U.S. House of Representatives has passed a $900 billion defense bill, which includes a 4% pay increase for military personnel and provisions to counter China and Russia. The bill, which now awaits Senate approval, aims to codify 15 of President Trump's executive orders, focusing on military readiness and technological advancements such as the Golden Dome missile defense system. It also seeks to eliminate diversity initiatives within the Pentagon and secure the U.S. border. The bill includes measures to prevent Chinese land acquisitions near U.S. military bases and restricts cooperation with Chinese and Russian military companies. Additionally, it repeals military force authorizations in Iraq and removes sanctions on Syria.
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Japan Scrambles Jets as Russian and Chinese Air Forces Conduct Joint Patrols Near Its Borders

Japan Scrambles Jets as Russian and Chinese Air Forces Conduct Joint Patrols Near Its Borders

Japan has responded to joint military patrols conducted by Russian and Chinese air forces near its borders by scrambling its jets. The Japanese Defense Ministry reported that two Russian Tu-95 bombers and two Chinese H-6 bombers conducted a long-distance joint flight in the Pacific. This operation was further supported by four Chinese J-16 fighter jets, which flew between Japan's Okinawa and Miyako islands. Additionally, Russian air force activity was detected in the Sea of Japan, involving an early-warning aircraft and two Su-30 fighters. Japanese Defense Minister Shinjiro Koizumi expressed concern over these operations, describing them as a show of force against Japan. The joint flight reportedly lasted eight hours, and South Korea also noted the presence of Russian and Chinese planes in its air defense zone.
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China's Tencent quits Paramount's bid for Warner Bros to avert national security questions

China's Tencent quits Paramount's bid for Warner Bros to avert national security questions

Chinese gaming and social media giant Tencent Holdings has withdrawn from Paramount Skydance Corp.'s bid to buy Warner Bros Discovery
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MP Materials Sees Stock Rise Amid DoD-Backed Rare Earth Supply Chain Initiative

MP Materials Sees Stock Rise Amid DoD-Backed Rare Earth Supply Chain Initiative

MP Materials Sees Stock Rise Amid DoD-Backed Rare Earth Supply Chain Initiative
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Trump Administration's Policy Shift Undermines U.S. Renewable Energy Growth

Trump Administration's Policy Shift Undermines U.S. Renewable Energy Growth

The Trump administration has reversed federal support for renewable energy projects, impacting the U.S. renewable industry. This policy shift includes the cancellation of over $426 million in federal grants for renewable energy projects, such as the offshore wind turbines planned off the coast of California. The administration's stance is to roll back what it terms the 'Green Energy Scam' and promote energy sources like natural gas, nuclear, and coal. This contrasts sharply with China's aggressive investment in renewable energy, which has positioned it as a global leader in the sector. China's renewable energy growth is supported by strategic investments and policy consistency, leading to significant economic contributions from wind, solar, and battery technologies.
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Trump Administration's Reversal on Renewable Energy Grants Delays U.S. Projects Amid China's Green Surge

Trump Administration's Reversal on Renewable Energy Grants Delays U.S. Projects Amid China's Green Surge

The Trump administration has recently reversed federal support for renewable energy projects, labeling them as risky and unreliable. This decision has led to the cancellation of over $426 million in federal grants for a marine terminal in Eureka, California, intended to assemble offshore wind turbines. The project, which aimed to power over two million American homes, now faces significant delays as it seeks alternative funding sources. Meanwhile, China has emerged as a global leader in renewable energy, constructing more solar capacity than the rest of the world combined in the first half of 2025. China's strategic investments in renewable technologies have positioned it as a dominant force in the sector, contrasting sharply with the U.S.'s current stance.
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China Invests $80 Billion in Overseas Cleantech Amid U.S. Tariffs

China Invests $80 Billion in Overseas Cleantech Amid U.S. Tariffs

Chinese firms have invested approximately $80 billion in clean technology projects overseas over the past year, according to a report by Climate Energy Finance. This investment surge is partly a response to U.S. tariffs, which have affected solar manufacturing investments in Southeast Asia. Instead, Chinese companies have focused on renewable power, electric vehicles, and battery projects in regions like the Middle East and North Africa. These investments are part of China's strategy to address a supply glut in green technology products by finding new markets.
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Trump Administration's Renewable Energy Policy Reversal Impacts U.S. Clean Energy Sector

Trump Administration's Renewable Energy Policy Reversal Impacts U.S. Clean Energy Sector

The Trump administration has reversed federal support for renewable energy projects, labeling them as risky and unreliable. This policy shift has led to the cancellation of over $426 million in federal grants for projects like the offshore wind turbines planned off the coast of Humboldt Bay, California. The administration's actions have halted progress on numerous renewable energy initiatives, including the termination of tax incentives for wind and solar industries. This move contrasts sharply with China's aggressive investment in renewable energy, where it now dominates the global market. China's strategic investments in solar and wind technologies have positioned it as a leader in the global fight against climate change, while the U.S. is stepping back from its previous commitments.
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U.S. Cracks Down on $160 Million Nvidia GPU Smuggling Network to China

U.S. Cracks Down on $160 Million Nvidia GPU Smuggling Network to China

U.S. authorities have uncovered a smuggling network that attempted to illegally export Nvidia GPUs worth over $160 million to China. The operation, known as 'Operation Gatekeeper', involved falsifying shipping documents and using shell companies to misclassify the GPUs' destination. Alan Hao Hsu and his company, Hao Global, have pleaded guilty to smuggling charges. The GPUs, which have both military and civilian applications, are subject to strict export controls. The case is part of a broader effort by the U.S. to prevent China from acquiring advanced AI technologies that could undermine national security.