intel corp.

The Chinese government is banning the use of chips made by U.S. firms Intel and AMD along with foreign-made software in favor of microprocessors and tech made in China.

Intel received $20 billion in federal funding and loans to invest in U.S. semiconductor manufacturing through the CHIPS Act as it looks to help restore America's chipmaking edge.

Under CEO Pat Gelsinger, Intel has invested billions in building factories across three continents to restore its dominance in chip-making and better compete with rivals.

Intel shares have advanced 68% this year

Arm Holdings, the Cambridge, England-based designer of chips used in devices ranging from computers and smartphones to data servers is set to hold the biggest U.S. IPO in two years.

Commerce Secretary Gina Raimondo said the Chinese government's actions against U.S. firms are making China "uninvestable" for American businesses due to the risk and uncertainty.

Intel reported second-quarter earnings on Thursday, and showed a return to profitability after two straight quarters of losses.

Executives from several leading chipmakers met with Biden administration officials at the White House as the U.S. weighs new restrictions on semiconductor exports to China.

KPMG and Microsoft are expanding their multi-decade partnership to capitalize on AI which is swiftly making its way into the corporate and professional services industry.

GlobalFoundries’ lawsuit alleges that IBM illegally disclosed the chip maker’s intellectual property to IBM’s partners and unfairly received millions in licensing.