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Taiwanese
chip-testing company King Yuan
Electronics
said Friday it plans to invest up to $1.4 billion to establish a U.S. facility.
Headquartered in Hsinchu, Taiwan, King Yuan Electronics serves as a major supplier to AI chip company
Nvidia
, the world’s most valuable company, thanks in part to its monopoly in
artificial intelligence
chip production.
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Oskaloosa Herald
NEW YORK (AP) — Shares of South Korean memory chipmaker SK Hynix rose 14% as they made their debut on Wall Street, at a time when demand for chips is surging thanks to the
frenzy around artificial intelligence
.
The company is already one of the largest in South Korea, along with Samsung Electronics, and is a member of the Kospi index. Even with a recent pullback, the country's Kospi index is up 7