Comments made during Trump’s speech introducing US government’s new AI Action Plan

Company raised $59 million during Series B funding round

Company says 30 percent of 2nm production capacity will be located in Arizona

Comes as US lawmakers criticize move to grant export licenses

Deal completes after Chinese regulator conditionally approved merger

Company says 100+ qubit system will be available before end of the year

V-GaN Tech Hub also receives funding for opening of new test lab

System expected to be complete in Spring 2026

Follows news that Nvidia will be allowed to export its H20 chips to China

Reversal follows meeting between President Trump and Nvidia CEO Jensen Huang

Cuts follow comments from Intel CEO saying chipmaker is no longer a top 10 semiconductor company

Also: Diraq funding, IonQ Korean deployment, Singaporean quantum testbed, and IQM Resonance upgrades

Offerings will be available from July 25

Transaction expected to close in second half of 2025

Financial terms of the deal have not been disclosed

Draft rule first step to replace the scrapped Biden-era AI Diffusion Rule

Taiwanese chipmaker hopes US expansion will soften impact of potential semiconductor tariffs

Equipment still not installed at the site

Plus, Australia’s national science agency claims first use of quantum machine learning to make chips

Solution will be assembled, tested, and deployed in the US

Bill currently being debated back in US House of Representatives

Move comes two months after Cassidy was appointed to Microchip’s board of directors

Regulatory body reportedly seeking more information about the deal

Man taken to hospital in “serious condition” after accident