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Ian KingFortune |
Nvidia, the $2 trillion AI giant, is moving to lap the market once again.
The awards are a central piece of the 2022 Chips and Science Act, which set aside $39 billion in direct grants to revitalize U.S. manufacturing.
The $1.2 trillion chipmaker hopes strong growth elsewhere will offset declines in China and is designing new chips that comply with U.S. rules.
Chief Executive Officer Cristiano Amon is trying to drive Qualcomm’s products into new areas.