China is planning to issue guidance to promote the use of open-source RISC-V chips nationwide to reduce reliance on Western technology. The policy, drafted jointly by eight government bodies, aims to boost the adoption of RISC-V, which competes with U.S.-dominated chip architecture. Chinese entities like Alibaba and Nuclei System Technology are key players in the country’s RISC-V market, with potential for wider adoption due to its cost efficiency and AI capabilities.
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What soaring uncertainty means for the U.S. economy
Rising Economic UncertaintyKevin L. Kliesen from the St. Louis Federal Reserve highlights that the increase in economic uncertainty from last spring to this spring is the steepest in nearly 40 years, complicating decision-making for both companies and consumers and potentially leading to recessions. Menzie Chinn from the University of Wisconsin illustrates this uncertainty with the example of potential homebuyers who, despite lower interest rates, may hesitate due to fears of falling home prices. Additionally, the...
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