Former glue salesman Sun Aixiang becomes a billionaire as chip stock soars
Sun Aixiang, a former glue and tape salesman, is worth $1.7 billion after shares of his chip-cooling materials maker surged in their Shenzhen debut.
Semiconductors
Billionaire Jensen Huang's Nvidia approves a record $150 billion share buyback
Nvidia authorised another $150 billion of share buybacks on Sept. 28, taking its remaining capacity to $235 billion through fiscal year 2028.
Elon Musk's Tesla and SpaceX are building a 100 million square foot chip plant in Texas
Tesla, SpaceX and Intel are building Terafab, a 100 million square foot chip plant in Texas, with a first phase costing $16.8 billion.
British school dropout James Dacombe is Europe's youngest self-made billionaire at 25
James Dacombe left school at 17 and now owns 30% of AI chip company Olix, valued at $3.3 billion after a $312 million raise.