Policy & Capital
5 articles covering this beat
The EU Chips Act at Two Years: €69 Billion Mobilized, Strategic Gaps Remain
Two years after entering force, the EU Chips Act has catalyzed €69 billion in public and private semiconductor investment. But the European Court of Auditors projects the EU will reach only 11.7% global market share by 2030 — far short of the 20% target. Intel Magdeburg is cancelled. The STMicroelectronics/GlobalFoundries French fab is shelved. And Chips Act 2.0 is already in the works.
Cerebras Targets Q2 IPO: Inside the $23 Billion Challenger to NVIDIA
Cerebras Systems has filed confidentially for an IPO targeting Q2 2026, with Morgan Stanley as lead underwriter and a $23 billion valuation. The company claims 21x faster inference than Blackwell, has a $10 billion OpenAI deal, and has resolved the G42 controversy.
The 25% AI Chip Tariff: How Trump's Section 232 Proclamation Reshapes Semiconductor Trade
President Trump imposed a 25% tariff on advanced AI chips not destined for the US supply chain, effective January 15, 2026. Broad exemptions protect domestic data center buildout while penalizing international chip flows.
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