Nvidia stock tumbles, Intel jumps as a report says Nvidia and Broadcom are testing the chip company’s 18A manufacturing process, Super Micro shares swoon, and Tesla rises after CEO Elon Musk predicts the EV maker’s profit can rise 1,

The US government office responsible for a marquee $52 billion chip subsidy program will lose about two-fifths of its staff as President Donald Trump slashes the federal workforce, according to people familiar with the matter.

TSMC pledged to invest at least $100 billion more in U.S. chip manufacturing plants over the next several years.

Chip designers Nvidia and Broadcom are running manufacturing tests with Intel , two sources familiar with the matter told Reuters, demonstrating early confidence in the struggling company's advanced production techniques.

Reports of anticipated mass layoffs within the National Institute of Standards and Technology are sparking concerns about the future of the CHIPS Act, the federal program providing billions to promote domestic semiconductor manufacturing like the Intel Ohio One plant in New Albany.

A report suggests that senior Trump adviser Peter Navarro is pushing to remove Canada from the Five Eyes intelligence-sharing group. Navarro reportedly sees this as a way to pressure Canada, amid Trump’s frequent remarks about bringing the country under greater US control.