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Tech Across the Globe

Nvidia and AMD pay fealty: Sales of AI chips to China from the big two US makers will include a 15% revenue share with the Trump administration. That’s the price for securing the export licenses, a person familiar with the situation said.

Foxconn factory is now SoftBank’s: Japan’s SoftBank is buying Foxconn Technology Group’s EV plant in Ohio, with the intention of using it to produce AI servers, a move aimed at kick-starting the $500 billion Stargate data center project.

Humanoids are still dumb: The level of AI for humanoid robots is still one to three years away from its ChatGPT moment, according to Wang Xingxing, the founder of one of China’s prominent robot developers.

Revalued

In its first full week of trading, Figma Inc. has taken investors for a wild ride, shedding $21 billion from a peak of $122 a share in the days following its record-breaking IPO. The design software company’s 250% first-day pop on July 31 was the largest in at least three decades for a US-listed company that raised more than $1 billion, data compiled by Bloomberg show. The shares closed Friday at $78.11.

Must Read

Intel CEO Lip-Bu Tan sought to improve his company’s bottom line by slowing plans to build chip factories and develop advanced technology until he had the customers to pay for it, Ian King writes in today’s Tech In Depth. That was before President Donald Trump blasted Tan in a post and called for his resignation. Now Tan, like other tech leaders, will have to head to Washington and persuade the president that Intel, too, is moving ahead to expand American manufacturing, King reports.

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This Week in Game On

Frost Giant Studios, which set out to make a spiritual successor to the legendary strategy game StarCraft II, has had a long rocky road, Jason Schreier reports in this week’s Game On. Now, as their game, Stormgate, struggles to find an audience, the studio is hoping for a redemption story, he writes.

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