China Prepares as Much as $70 Billion in Chip Sector Incentives

Hong Kong's share-sale market has experienced a remarkable turnaround this year, shifting from a period of stagnation to a vibrant fundraising environment, significantly driven by investor interest from India. This revitalization indicates a positive shift in market sentiment and activity.

Moore Threads Technology Co. experienced a remarkable 425% increase on its first day of trading, marking China's most successful initial public offering since 2019. This surge reflects a growing investor enthusiasm for advancements in China's AI chip sector, despite underlying technological challenges that could impede long-term growth.

Broadcom's shares have significantly declined following a disappointing sales outlook that failed to meet investor expectations, mirroring a similar trend seen with Oracle's recent struggles in the AI sector. This downturn comes despite Broadcom reporting record revenue growth, highlighting investor concerns about future profitability.

China has decided to reject Nvidia Corp.'s H200 AI chips, opting instead for domestically developed semiconductors, as stated by White House AI czar David Sacks. This move comes in response to the U.S. strategy that previously allowed Nvidia to sell these chips to approved customers in China, which has now shifted due to national security concerns.

President Donald Trump signed an executive order aimed at preventing state-level regulations on artificial intelligence (AI) through legal actions and funding cuts, a move that has been welcomed by technology industry leaders advocating for a unified regulatory approach. David Sacks, the White House AI and Crypto Czar, discussed the implications of this order on Bloomberg Tech.

The Trump administration has approved the sale of Nvidia's H200 AI chips to China, marking a significant policy shift that allows the company to re-enter a crucial market after previous restrictions. This decision follows extensive negotiations between tech advocates and defense officials, aiming to facilitate the use of these advanced chips by Chinese companies.

The bidding process for Warner Bros. Discovery Inc. has faced significant challenges, with competing suitors struggling to make headway. This turmoil raises questions about the viability of an auction for the company, although it is too early to dismiss the possibility entirely.

Ireland has officially lifted its moratorium on new power connections for data centers around Dublin, providing much-needed clarity for the industry regarding the requirements for establishing new facilities. This decision marks a significant shift in the country's approach to managing its energy resources in relation to the growing demand from the tech sector.