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Saudi Minister of Communications Meets NVIDIA CEO to Support Digital Economic Growth

The Saudi Minister of Communications has met with the CEO of NVIDIA in Riyadh. SPA
The Saudi Minister of Communications has met with the CEO of NVIDIA in Riyadh. SPA
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Saudi Minister of Communications Meets NVIDIA CEO to Support Digital Economic Growth

The Saudi Minister of Communications has met with the CEO of NVIDIA in Riyadh. SPA
The Saudi Minister of Communications has met with the CEO of NVIDIA in Riyadh. SPA

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Alswaha has met with the CEO of NVIDIA, Jensen Huang, in Riyadh.

The purpose of Saturday’s meeting was to enhance the strategic partnership and bolster support for the growth of the digital economy in the region. The Kingdom holds the position of the largest market for technology and innovation in the Middle East and North Africa.

They discussed investment opportunities, promoting innovation in deep technologies, maximizing the economic and social value of adopting generative artificial intelligence technologies, and capitalizing on various opportunities within the growing digital industry in the Saudi market.

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China Vows to Protect its Rights against US Chip Probe

A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo
A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo
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China Vows to Protect its Rights against US Chip Probe

A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo
A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

China's commerce ministry vowed on Monday to take all necessary measures to safeguard its rights and interests in response to the United States' investigation into the Chinese semiconductor industry.

The investigation will disrupt global chip supply chains and harm the interests of US firms and consumers, the ministry statement said.

On Monday, the Biden administration announced a last-minute trade investigation into Chinese-made "legacy" semiconductors that could heap more US tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear, Reuters reported.

The "Section 301" probe, launched just four weeks before President-elect Donald Trump takes office on Jan. 20, will be handed over to his administration in January for completion, Biden administration officials said.

The effort could offer Trump a ready avenue to begin imposing some of the hefty, 60% tariffs that he has threatened on Chinese imports.

Departing President Joe Biden has already imposed a 50% US tariff on Chinese semiconductors that starts on Jan. 1. His administration has tightened export curbs on advanced AI and memory chips and chipmaking equipment to China and also recently increased tariffs to 50% on Chinese solar wafers and polysilicon.