CHIP SECURITY ACT
Mollycoddling Munir: What's Trump planning with Pakistan military?
Donald Trump's administration, once critical of Pakistan for allegedly harboring terrorists, now seeks closer ties, evidenced by General Munir's invitation to a US military parade. This shift is driven by strategic considerations beyond counter-terrorism, including containing China's influence, leveraging Pakistan against India, and potentially securing its support amid escalating tensions with Iran.
Why India has an incentive to act tough in Trump trade talks
India and the United States are in talks for a trade deal, aiming for a June deadline. Swaminathan Aiyar suggests India should stand firm like China. He believes Trump is eager for deals before the 90-day deadline. Howard Lutnick is optimistic about a US-India trade agreement before July. Negotiations are progressing, with the US team extending its stay in India.
Tariff wars far from over, Trump likely to reuse trade lever, warns Swaminathan Aiyar
Amidst US-China trade tensions and an approaching 90-day deadline, economist Swaminathan Aiyar suggests countries should stand firm, as Trump might be backing down. He highlights India's vulnerability in rare earth supplies and the potential for supply chain shifts.
Power shift: How Tesla’s turmoil is steering global capital towards India
A public clash between Elon Musk and Donald Trump in early June 2025 triggered a massive selloff of Tesla stock, erasing $150 billion in market capitalisation. This turmoil, however, presents a significant opportunity for India.
The 911 presidency: Trump flexes emergency powers in his second term
President Trump has utilized emergency powers at an unprecedented rate, citing them in 30 of 150 executive orders, surpassing his predecessors. This has sparked concerns about overreach and the supplanting of Congress's authority, particularly regarding tariffs imposed under the International Emergency Economic Powers Act.
Donald Trump set to waive some legal requirements to boost critical minerals
President Trump is poised to utilize emergency powers, bypassing certain legal prerequisites, to bolster U.S. production of vital minerals and weaponry under the Defense Production Act. This move aims to counter China's dominance in the critical mineral industry, particularly after China's recent export restrictions.
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‘We can’t trade with countries firing missiles’: Trump again claims credit for avoiding ‘nuclear disaster’ between India and Pakistan
US President Donald Trump has again claimed credit for halting conflict between India and Pakistan by using trade as leverage. Speaking at the White House, he said his intervention helped avoid a potential nuclear disaster. India, however, dismissed the assertion, stating the ceasefire followed direct talks between the military commanders of both nations after India’s Operation Sindoor. External Affairs Minister S. Jaishankar credited Indian forces for compelling Pakistan to agree to peace, reaffirming that trade or tariffs were not discussed with the US.
Market Wrap: IT, auto stocks pull D-St lower; Sensex down 182 pts, Nifty below 24,800
Indian benchmark indices ended lower on Friday, as renewed U.S. tariff concerns weighed on IT and auto stocks, eclipsing broader optimism ahead of domestic GDP data due later in the day.
Gensol’s default; Ola’s dismal Q4
Happy Friday! Gensol Engineering has failed to make repayments on bonds that used BluSmart taxis as collateral. This and more in today’s ETtech Morning Dispatch.
Donald Trump's policies are bad—then good? Nvidia CEO Jensen Huang flip-flops within minutes after Q1 results
Nvidia CEO Jensen Huang faces a complex situation, grappling with a $4.5 billion loss due to US export controls impacting AI chip sales to China. While criticizing the policy's effectiveness, he also praised Donald Trump's vision for reshoring manufacturing and strengthening national security.
A mission from God, with backup plans: Trump’s tariff tools aren’t out yet
Trump tariffs US court order: A US court has blocked Donald Trump’s sweeping “Liberation Day” tariffs, ruling he misused emergency powers. But Goldman Sachs says the impact may be temporary, as Trump could use alternate legal tools like Section 301 or national security provisions. While the White House appeals, global trade partners—including India and the UK—may reconsider deals negotiated under tariff pressure.
US: Republican crackdown on aid to immigrants would hit American citizens
Donald Trump's administration is trying to limit immigrant families' access to welfare programs. Republicans want to remove incentives for illegal immigration. Changes would affect children of non-citizen parents. A tax bill would limit the child tax credit. It would also tighten eligibility for federal health insurance. Agencies are restricting access to programs.
'Don’t f*** around with Medicaid': Trump's stern warning to Republicans in latest ‘big beautiful bill’ drama
President Donald Trump on Tuesday warned House Republicans, “Don’t f--- around with Medicaid,” as he pressed them during a closed-door meeting to pass a major tax bill. President Trump's blunt message came during a visit to Capitol Hill. Trump’s Capitol Hill visit comes less than 24 hours before Johnson wants the House Rules Committee to meet and finalize the bill for a floor vote.
Trump's One big, Beautiful bill: When will no tax on tips, overtime, Social Security start?
Officially titled the "One Big, Beautiful Bill Act," this megabill fulfills a laundry list of President Donald Trump's campaign promises from taxes to border security. The bill aims to make the 2017 tax cuts permanent and introduce new temporary tax breaks, sparking debate over its fiscal responsibility and funding priorities.
The problem with US foreign policy is the overshooting
Donald Trump's foreign policy is a mixed bag, occasionally insightful but often detrimental to America's global standing. While he rightly criticized the nation-building hubris of the Bush era, Trump's transactional approach undermines alliances and disregards values, prioritizing deals over geopolitical strategy. This myopic focus on immediate gains neglects the importance of international norms and institutions for long-term stability.
Sensex, Nifty lacklustre tracking weak global cues; IT stocks tumble
Markets opened flat on Monday as gains in financials were offset by IT losses amid weak global cues after Moody’s cut the U.S. credit outlook.
Potential US semiconductor manufacturing boom complicated by Trump's economic policies
The US semiconductor industry is expanding rapidly, especially in Greater Sacramento, driven by CHIPS Act incentives and supply chain concerns. However, Trump's tariff threats and policy uncertainty are stalling investment and risking progress. Experts warn prolonged trade tensions could disrupt growth, despite major commitments from firms like Bosch and TSMC.
US lawmakers introduce bill to address AI chip smuggling
A bipartisan US bill seeks to require AI chipmakers like Nvidia to add location verification tech before exports, aiming to prevent chips from reaching China illegally. Lawmakers stress the need to safeguard US technological advantages amid concerns of export control circumvention and recent controversial AI chip deals abroad.
China criticises new US rule banning use of Huawei's Ascend advanced computer chips
China criticised a new US rule restricting Huawei’s Ascend chips globally, despite lifting rare earth export bans as part of a trade truce. Tensions persist over US tariffs and export controls. China urged the US to reverse these actions to restore stable economic ties.
US senator introduces bill calling for location-tracking on AI chips to limit China access
The proposed "Chip Security Act" would require AI chips under US export controls to include location-tracking to prevent unauthorised use, particularly by China. Introduced by Senator Tom Cotton, the bill aims to enhance national security and detect smuggling. It follows ongoing efforts to limit China's access to advanced semiconductor technology amid rising concerns over diversion and misuse.
Sensex tumbles over 900 points, Nifty below 24,000 as investors turn cautious amid rising border tensions
Indian stock markets opened lower on Friday, with Sensex and Nifty declining due to heightened India-Pakistan tensions. Cross-border clashes, including missile strikes and drone attacks, have intensified, impacting investor sentiment and leading to widespread selling across sectors. Power Grid, ICICI Bank, and Reliance Industries experienced losses in early trade.
Sensex rises 100 points, Nifty tops 24,400 as market defies India-Pak tensions
Indian stock markets continued their upward trend for the second day, with Sensex and Nifty opening higher despite geopolitical tensions with Pakistan and global economic concerns raised by the U.S. Federal Reserve. Top gainers included Tata Motors and Power Grid, while Eicher Motors and Maruti saw losses in early trading.
TiEcon 2025: Unveiling the themes of Silicon Valley’s premier AI event
The upcoming TiEcon event in Silicon Valley, California, scheduled from April 30-May 2, features 11 industry tracks that dive deep into the use cases and impact of AI across industries. Here’s a detailed look.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 31%
This is an undeniable fact. Most investors who have Rs. 1 lakh to invest would prefer to buy 5,000 shares of a small-cap company rather than put the same amount in Reliance and own just 73 shares. Or a Larsen and Toubro for just 30. Most investors also want the rapid returns that small- and mid-cap stocks seem to offer. We have, of course, nothing against small- and mid-caps. Some of them may indeed do well. Though many may not. The greater probability, however, is that, in the long term and from current levels, large-caps like RIL and LT may give higher returns and see less drawdown in volatile markets.
Washington takes aim at DeepSeek and its American chip supplier, Nvidia
The attacks on DeepSeek and Nvidia are an outgrowth of fear in Washington that China could leapfrog the United States in AI, which would have wide-ranging implications for national security and geopolitics. If China took the lead, it could more quickly use AI systems to design next-generation weapons such as autonomous missiles and drones.
NVIDIA: Can the world’s top AI chipmaker survive without China? $5.5B wiped as Washington tightens grip on trade
Nvidia expects a $5.5 billion hit after the U.S. tightened export rules on its H20 AI chips bound for China. The move, meant to limit Beijing’s access to supercomputing tech, also hit AMD and sent tech stocks tumbling. Nvidia’s losses come from unsellable inventory and cancelled orders. Wall Street reacted sharply, with the Nasdaq falling steeply. While the U.S. pushes back against China’s AI ambitions, analysts question whether hardware restrictions alone can stall Beijing’s progress.
US issues export licensing requirements for Nvidia, AMD chips to China
"The Commerce Department is committed to acting on the President's directive to safeguard our national and economic security," a Commerce spokesperson said.
US moves ahead on tariffs with investigations into computer chips, pharmaceuticals
The Trump administration is advancing tariff plans by investigating imports of computer chips, chip-making equipment, and pharmaceuticals under Section 232 of the Trade Expansion Act of 1962, citing national security concerns. Public comments are sought within three weeks. Despite pausing major tariff hikes for 90 days, Trump plans sector-specific tariffs on pharmaceuticals, lumber, copper, and semiconductors
Taiwan to simulate impact of US tariffs on semiconductor sector
The United States relies heavily on chips imported from Taiwan, a reliance former President Joe Biden sought to end during his term by granting billions of dollars in Chips Act awards to lure chipmakers to expand production in the country. Speaking to reporters outside parliament, Taiwan Economy Minister Kuo Jyh-huei said he would seek to discuss the matter with the United States and ensure "fair competition" for Taiwanese industry.
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