AGN Afternoon News | May 22: Malaysia eyes chip dominance with incentives, Nvidia rebukes US export controls, Baidu exceeds forecasts.

Malaysia News

Malaysia announces July semiconductor incentives

• MITI Minister Tengku Zafrul says targeted support will boost Malaysia’s chip sector.
  
• Part of the National Semiconductor Strategy, this initiative coincides with the Semicon SEA 2025 platform.
  
• Malaysia has signed 17 FTAs and is pushing for more global collaboration.
  

Huawei-backed AI project not endorsed by government

• The Ministry of Investment, Trade and Industry says the Huawei-powered AI infrastructure was a private venture.
  
• The government highlighted compliance with international laws and regulatory diligence.
  

International News

Nvidia CEO calls US chip ban a “failure”

• Jensen Huang says China’s AI momentum proves the US policy is ineffective.
  
• He lauds DeepSeek and Huawei’s resilience and innovation, warning the ban may backfire.
  
• Huang made the comments at Computex Taiwan 2025.
  

Asia News

Baidu posts unexpected Q1 revenue rise

• Baidu’s Q1 revenue jumped 3% to RMB32.5 billion, exceeding analyst expectations.
  
• Growth driven by AI applications and investment gains, despite weakness in advertising.
  
• Ernie bot and in-house AI chip design are at the heart of Baidu’s future AI strategy.
  

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