Canada has enacted retaliatory tariffs on $20 billion worth of U.S. goods, including steel, aluminum, dairy, and electronics, escalating an 18-month trade dispute. These tariffs range from 15% to 50% and affect key sectors, putting pressure on North American manufacturers and supply chains. The move follows failed trade negotiations and U.S. tariffs on Canadian exports earlier this year. Meanwhile, ASML secures commitments from Samsung, TSMC, and Intel for advanced chipmaking technology, and Novo Nordisk reports promising obesity treatment results in children, signaling ongoing innovation despite trade tensions.
TSMC and Samsung, two leading chipmakers, have committed to using ASML's High NA EUV lithography machines, which cost around $400 million each, to produce more advanced chips. Samsung plans to adopt this technology for DRAM memory manufacturing start...
French AI startup Mistral raised 3 billion euros ($3.5 billion) led by Samsung and the EU-backed Scaleup Europe Fund, valuing the company at over 21 billion euros. The funding will help Mistral build its own data centers and expand computing capacity...
