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The logo of Huawei's global flagship store is displayed in the Huangpu district of Shanghai, China.
The US government under President Joe Biden has imposed significant export controls not only on US-made chips but also on semiconductor manufacturing equipment necessary for Huawei to mass produce its own chip designs. US rules have largely cut Huawei off from the most powerful machines made by Dutch lithography company ASML, which essentially makes stencils to imprint miniature designs on chips for mass manufacturing, and TSMC, the world’s largest contract chipmaker. (The US Commerce Department is investigating how Huawei chips recently ended up on TSMC assembly lines.) Instead, Huawei relies on the Chinese chip manufacturer SMIC, which uses less powerful models of ASML machines.
But despite Huawei’s ambitions, Reuters reports that the company has been struggling with these restrictions to make effective chips at scale. For the Ascend 910C, the yield rate — the percentage that comes off manufacturing lines fully functional — is reportedly only 20%, while experts say a 70% yield rate is needed to be commercially viable. China’s top chip designer will need to make a breakthrough with limited resources to make good on its public promises to compete with Nvidia.3D illustration of a robot hand reaching out to touch a lightbulb.
According to a CNBC analysis of US government data, a single data center operating at 85% capacity consumes as much electricity as 710,000 households or 1.8 million people. There are currently 3,000 data centers across the US, by one estimate, with the greatest number in Virginia (477), Texas (291), and California (285). With artificial intelligence as a leading factor, power demand from data centers is expected to increase 160% by 2030, according to Goldman Sachs. And major tech companies such as Google and Microsoft have revised their environmental goals because of their AI ambitions.
The incoming Donald Trump administration promises to take a deregulatory approach across the board. Lee Zeldin, a former congressman Trump has tapped to lead the Environmental Protection Agency, said he wants to “make America the AI capital of the world.”
So all signals point to Biden’s climate goals, soon in the rearview mirror, slipping further out of grasp.
Recently launched Amazon artificial intelligence processors that aim to tackle Nvidia and the chips made by the other hyperscalers such as Microsoft and Google are shown at an Amazon lab in Austin, Texas, in July 2024.
Amazon is working on the third generation of its AI chips, called the Trainium2, which industry insiders told Bloomberg was a “make-or-break moment” for the company’s chip ambitions.
Luckily, they already have one important customer’s buy-in: Anthropic, which makes the chatbot Claude. On Nov. 22, Amazon announced it’s investing another $4 billion into Anthropic, doubling its total investment to $8 billion. As part of the deal, the Claude maker — perhaps the main rival to OpenAI — will continue to use Amazon’s Trainium series of chips. Amazon makes and invests in AI software and has the cloud infrastructure needed for AI – so if it can conquer the chip industry and produce chips comparable to the top models from Nvidia, it could become a dominant player in artificial intelligence.Ukrainian service members attend a military exercises during drills at a training ground, amid Russia's attack on Ukraine, in Chernihiv region, Ukraine, November 22, 2024.
Russia has conducted as many as 1,500 strikes on targets in Ukraine in the past two days, according to Kyiv. Ukraine, meanwhile, reportedly launched a fresh volley of US-made long-range ATACMS missiles at Russia, while claiming also to have struck a Russian oil depot with drones.
The ATACMS strike was reportedly on an air base in the Russian border region of Kursk, parts of which have been occupied by Ukrainian troops since August. Since then, Moscow has invited North Korean troops to help it push back the Ukrainians.
Putin, whose forces have been slowly gaining ground in eastern Ukraine for months, had warned that ATACMS strikes would be a significant escalation of the conflict. Last week, in response to their use, he loosened Russia’s nuclear use doctrine and fired into Ukraine a new advanced missile capable of carrying nuclear payloads.
All of this comes as Donald Trump prepares to return to the White House. Trump has questioned American support for Ukraine and pledged to end the conflict within “24 hours.” No one is sure what that will entail, but both sides are now in a last-minute frenzy to gain as much territory – and deterrent capacity – as they can before Trump takes office.
FILE PHOTO: Former U.S. President Donald Trump and Special Counsel Jack Smith are seen in a combination of file photos in Washington, U.S., in 2023.
Special Counsel Jack Smith filed motions on Monday to dismiss both the election interference and classified documents cases against President-elect Donald Trump. The cases were doomed the day Trump was reelected, as a long-standing Justice Department policy prohibits the criminal prosecution of sitting presidents.
Trump spokesperson Steve Cheung said the dismissals represent “a major victory for the rule of law,” while Smith said Trump’s victory set the need for the office of the president to operate unencumbered by prosecution at odds with the principle that “no man is above the law.” Smith is expected to retire before Trump fulfills a campaign promise to fire him. The motions to dismiss also vindicate Trump’s strategy of delay, with the mandate of voters sparing him further time in federal court.
The state cases in Georgia and New York are different. The federal government doesn’t have the power to simply make them go away, and even those who think Trump has the power to pardon himself in federal cases agree that he has no power in state issues. That said, the Georgia appeals court abruptly canceled hearings related to attempts to disqualify Fulton County District Attorney Fani Willis. Trump has multiple defendants who could face televised trials if the case goes forward, whereas in New York he is the sole defendant.
A demonstrator holds a placard during a protest outside the Amazon headquarters during Black Friday in London, Britain, November 24, 2023.
Amazon workers around the globe are planning to protest or strike on Black Friday and Cyber Monday – the two busiest shopping days of the year. This is the fourth annual Make America Pay protest to disrupt Amazon’s holiday operations, and it’s also expected to be the largest, with warehouse workers and delivery drivers in 20 countries taking part.
Disruptions are planned in major metropolitan hubs in countries like the US, India, Turkey, Germany, Italy, Spain, Canada, Japan, Brazil and many more. Strikers are calling for Amazon – which is owned by billionaire Jeff Bezos – to pay fairer wages and more taxes, end union busting, and commit to environmental sustainability.
The strike is being spearheaded by a global union for service industries encompassing 80 trade unions and worker rights groups.
In London, protesters will deliver a petition with more than 110,000 signatures to its UK headquarters, followed by a march to Downing Street. The petition calls for the government to stop tax breaks for Amazon and other big corporations. Amazon is facing similar calls from the EU, as countries increasingly pressure multinational corporations and tech giants that make profits within their borders to pay into their governments’ coffers.
Smoke billows over Beirut's southern suburbs after an Israeli strike, amid hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon, November 25, 2024.
There are growing signs that a truce between Israel and Hezbollah – which the US has been pushing hard for – could be imminent. The Israeli cabinet is reportedly set to vote on a cease-fire deal Tuesday, and a spokesperson for Israeli Prime Minister Benjamin Netanyahu signaled it’s likely to be accepted.
The deal would involve a 60-day halt to fighting to pave the way for a lasting truce, during which Israeli troops would withdraw from southern Lebanon, and Hezbollah would move heavy weapons north of the Litani River, roughly 18 miles north of the Israel-Lebanon border. The area would then be policed by Lebanese soldiers and UN peacekeepers, with a five-country committee — including the US — set to keep an eye on compliance with the terms of the truce.
We’ll be watching for more on the deal — and whether it gets across the finish line as both sides in the fight continue to trade fire. And regardless of whether an agreement is reached, the war in Gaza is raging on with no end in sight. The Gaza conflict fueled the fighting between Israel and Hezbollah, which began after Hamas’ Oct. 7 attack on the Jewish state last year, and has stoked tensions across the region.