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This European AI Stock May Benefit From Trump's Tariff Threat

Benzinga LogoBenzinga3d ago

This European AI Stock May Benefit From Trump's Tariff Threat - Benzinga

Quick Summary:

DeepSeek Is Good News' for European AI Companies

If DeepSeek "can develop such a model for only €5.75 million, it’s good news for Europe because they could do it for a limited budget,” Philippe Notton, CEO of SiPearl, a European company developing processors for supercomputers, said.SoftBank Group Corp., Sam Altman-led OpenAI, Oracle Corp., and United Arab Emirates-based MGX have said they will back the $500 billion initiative.

While the Semiconductor Industry Association argued that tariffs would further erode US “technological competitiveness,” President Donald Trump renewed threats on January 28 to impose a "100% tax" on foreign-made semiconductors.


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Article Details

Author / Journalist: European Capital Insights

Category: Technology

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 13:16:24 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1229 words

Reading Time: 7 minutes read

Sentences: 55 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26272897

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