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Major global semiconductor stocks rose on Tuesday after Nvidia announced plans to invest $100 billion in OpenAI.
The deal between Nvidia and OpenAI is on a large scale. The artificial intelligence lab plans to build and deploy Nvidia systems that require 10 gigawatts of power, which is equivalent to 4 million and 5 million graphics processing units, or GPUs, according to Nvidia CEO Jensen Huang.
The news sparked a rally on Wall Street, with positive sentiment flowing through to the global chip sector and especially touching companies with ties to Nvidia.
In Taiwan, shares of Taiwan Semiconductor Manufacturing Co.
