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what is driving the rise of gensol engineering limited (gensol) ✌️【Asset Manager】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. China has opened an antitrust investigation into American chipmaker Nvidia, the world’s largest provider of processors that power artificial intelligence, according to Chinese state media.

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China Central Televisionin a report Monday said the Chinese government believes Nvidia’s purchase of Israeli networking company Mellanox could violate the country’s anti-monopoly laws, though the report did not specify what the merger did to potentially break the law.China approved the acquisitionin 2020.

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what is driving the rise of gensol engineering limited (gensol) ✌️【Asset Manager】✌️ Expert market analysis and predictions for India, US, and European stocks. Stay updated with real-time data on stock indices, futures, and commodities to help you make informed, timely investment decisions. The tit-for-tat China-US chip war has entered a new phase this month, after the Biden administration imposed another round of restrictions onhigh tech memory chip salesto China a week ago. The memory chips are different than the graphics processors Nvidia makes, but they are also crucial technology that helps power AI.

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But China’s Commerce Ministry lambasted the United States’ restrictions, saying they pose “a significant threat” to the stability of global supply chains. China’s governmentretaliated last weekby banning the sale of materials essential for manufacturing the chips, including germanium and gallium.

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In addition to curbing materials and chips sales, both China and the United States are trying to bolster their own development and manufacturing of microprocessors at home.

what is driving the rise of gensol engineering limited (gensol) ✌️【Asset Manager】✌️ Precise stock market trend analysis with expert insights into global markets, including stock indices, metals, and energy sectors. Leverage our data-driven predictions to maximize your returns. Through the CHIPS Act, the Biden administration has pumped billions of dollars into Intel and other companies to boost domestic production of chips and reduce America’s reliance on China and other foreign countries for the technology. Meanwhile, China in May announced plans to set up its largest-ever semiconductor state investment fundworth $47.5 billion, funded by investments from six of the country’s largest state-owned banks.

【 - Free Stock Market Entry & Exit Signals 】’s Fred He, Juliana Liu, Sean Lyngaas, Wayne Chang and Rosa de Acosta contributed to this report.

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