Graphjet Technology Shares Spike Higher; Graphjet Says It Is Poised To Benefit From U.S. Semiconductor Expansion Amid Tesla's $16.5B AI Chip Deal With Samsung And Industry Investment Surge
Benzinga Newsdesk 1 year ago
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Graphjet Technology ("Graphjet" or "the Company") announced today that it stands to benefit from the expansion in the semiconductor manufacturing in the United States, where many chip manufacturers have invested,
Graphjet Technology ("Graphjet" or "the Company") announced today that it stands to benefit from the expansion in the semiconductor manufacturing in the United States, where many chip manufacturers have invested, especially in the production of AI Chips.
Tesla CEO, Elon Musk, made an announcement today that Tesla has signed a $16.5 billion chipmaking agreement with Samsung which will last until 2033 where Samsung's fabrication plant in Texas will be dedicated to making the next-generation AI6 inference chips, which is designed for humanoid robots, self-driving cars and AI data centers.
With the surging demand for specialized chips, especially AI chips, many manufacturers have been expanding their production capacity, including Taiwan Semiconductor Manufacturing Company (TSMC), which has announced its intention to invest in advanced semiconductor manufacturing in the United States by an additional $100 billion and Nvidia building supercomputers manufacturing plants in Texas.