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The former chief executive of Nexperia, a Dutch chipmaker, said Dutch officials had known for years that the company's Chinese owner sought to move its technology to China.
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Trump's Nvidia Chip Deal Reverses Decades of Technology Restrictions The New York TimesDonald Trump's flawed plan to get China hooked on Nvidia chips The EconomistTrump's Reprieve for Nvidia's H200 Spurred by Huawei's AI Gains Bloomberg.comTrump greenlights Nvidia H200 AI chip sales to China if U.S. gets 25% cut, says Xi responded positively CNBC
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Trump's green light for Nvidia chip sales to China sparks US security concerns ReutersTrump's Reprieve for Nvidia's H200 Spurred by Huawei's AI Gains Bloomberg.comTrump's Nvidia Chip Deal Reverses Decades of Technology Restrictions The New York TimesDonald Trump's flawed plan to get China hooked on Nvidia chips The EconomistTrump
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Ultrapure water is scarce — and Big Tech has to have it for AI and semiconductors.
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The move shows how some banks are choosing to partner with fintech firms rather than building their own platforms to keep up with evolving tech expectations.
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There's no way to sugarcoat this: Small and midsize businesses should be scared to death about the consequences of the Inflation Reduction Act. Unless they provide goods and services to the green energy industry, the law's unforeseen consequences could increase their operating expenses in two ways. Here's what to expect — and how to prepare.
SEE MORE Audit-Proof Your Small Business
The Inflation Reduction Act is essentially a climate change law with some health care benefits. While the new legislation doesn't include any direct tax increases on small and midsize businesses, some of its provisions have the potential to raise costs for these companies significantly.
First Reason Why Cost of Business Could Be Going Up
For one, your chances of being audited may be going up. The new bill substantially expands the Internal Revenue Service's budget: More than half of the $80 billion increase in the IRS budget over 10 years will be used to beef up enforcement through new technology and new hires. That means more audits for companies that are the least able to financially manage them. I worry for businesses that gross $5 million or less since they usually don't have excess funds to pay a lawyer $50,000 to fight the IRS if their matter proceeds to court.
In a letter to the Senate, the agency's commissioner said, "These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans." Even so, with the hire of new auditors, it's likely that people with little or
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