Day: August 10, 2025

Fed Official Says Weak Job Data Strengthens Case for Multiple Rate Cuts

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Although Chinese memory chipmakers like ChangXin Memory Technologies and Yangtze Memory Technologies have made progress, they remain several years behind global leaders in producing high-performance HBM. Relaxing restrictions may help revive critical trade negotiations but could undermine the U. S’s strategic objective of limiting China’s AI advancement.

Federal Reserve Governor Michelle Bowman has indicated that the recent disappointing U.S. jobs report has reinforced her belief that interest rates should be reduced three times this year. Speaking at a bankers’ conference in Colorado on Saturday, Bowman pointed to the latest labor market figures—showing far fewer new hires than expected and downward revisions to … Read more

China Urges U.S. to Ease AI Chip Restrictions Ahead of Possible Trump–Xi Summit

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China Urges U.S. to Ease AI Chip Restrictions Ahead of Possible Trump–Xi Summit

China is pressing the United States to relax export controls on high-bandwidth memory (HBM) chips, a critical component in advanced artificial intelligence systems, as both nations explore the possibility of a meeting between President Donald Trump and President Xi Jinping. HBM chips, used alongside AI processors, are essential for handling massive data volumes in AI … Read more