US giant Vishay's investment follows its £142m purchase of former Newport Wafer Fab plant last year.

Catastrophic flooding decimated towns, destroyed roads and cut off power in the US's south-east.

Huge, tiny or incredibly flat, advanced mirrors are essential to high-tech machines.

The sell-off came after a report that the US may further tighten rules on equipment exports to China.

The South Korean tech giant is benefiting from the AI boom which has lifted the prices of advanced chips.

Jensen Huang is at the forefront of an AI boom, which coincides with Nvidia's rise as a leading chip firm.

The US has been pushing to expand chip production, citing economic and national security risks.

Chip prices recover from a post-pandemic slump while demand for AI-related products booms.