All posts tagged: SPDR S&P Semiconductors

JD Vance visits Hungary to support Viktor Orbán

JD Vance visits Hungary to support Viktor Orbán

Published by Sam Flores

US Vice President JD Vance (L) and Hungarian Prime Minister Viktor Orban shake hands as they meet in Budapest, Hungary, April 7, 2026. Jonathan Ernst | Afp | Getty Images Hungarian Prime Minister Viktor Orbán has U.S. President Donald Trump’s “complete and total support” — but is on course to lose the country’s elections, which are shaping up to be one of the most important and contentious in Europe this year. On Tuesday, U.S. Vice President JD Vance will touch down in Hungary to offer Orbán his support and address an election rally at a soccer stadium in Budapest ahead of Sunday’s elections. While other European leaders have aligned themselves unambiguously with Ukraine in its war against Russia, Orbán has maintained comparatively close ties to Russian President Vladimir Putin. He even said on the campaign trail that the EU was a greater threat to Hungary than Russia. The latest polls show Orbán and his Fidesz party are set to lose to their main challenger, the pro-European opposition party Tisza, with its leader, Peter Magyar, on …

Congress takes on Nvidia, White House in push for chip export limits

Congress takes on Nvidia, White House in push for chip export limits

Published by Sam Flores

Republican lawmakers are pushing to place limits on the ability of U.S. companies to sell advanced semiconductors to China — an effort that has run afoul of some key figures in the Trump administration. The effort also pits China hawks on the Hill against Nvidia CEO Jensen Huang, who has repeatedly made the pitch to lawmakers and government official that the more U.S. chips are used in China, the more U.S. companies will be a leader in the space. House Foreign Affairs Committee Chairman Brian Mast, R-Fla., is at the forefront of ensuring artificial intelligence and chips are being viewed as a national security asset — and he isn’t afraid to call Huang out directly. “The joke here is, Jensen wants us to trust the CCP,” Mast told CNBC in an interview, referring to the Chinese Communist Party. “Anybody watching this should laugh.” In the latest salvo, the House Foreign Affairs Committee advanced legislation that would allow Congress 30 days to review and block sales of advanced chips to adversarial countries — similar to the …