Tag: remotely

Plans for China’s invasion of Taiwan could be thwarted by a leading European chipmaker’s “kill switch,” which can remotely deactivate sophisticated chipmaking equipment

What you need to know In November 2023, the US government imposed exportation rules preventing NVIDIA and AMD from supplying China with AI chips due to security concerns. Top semiconductor brands ASML and TSMC have reportedly disclosed that they can hinder China’s chipmaking machines remotely should they manage to invade Taiwan. The Biden-Harris administration is […]

Powell says Fed not “remotely close” to a central bank digital currency

By Pete Schroeder WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell significantly downplayed the possibility of the central bank issuing its own digital currency, and said if it ever came to pass, the government would play a limited role. Testifying before Congress Thursday, Powell said policymakers were “nowhere near” taking action on adopting such a […]