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The Week in Numbers: chip records, chip wars

STORY: From more record numbers for Nvidia, to why South Korea is going to war over chips, this is the Week in Numbers.

262% was the year-on-year revenue surge for Nvidia in the first quarter.

The chipmaker's shares surged to a record high on the update.

Nvidia is reaping the rewards of an AI boom, and forecast revenue to hit around $28 billion in Q2.

$19 billion is the support South Korea announced for its chip businesses.

Seoul is keen to catch up with other countries in semiconductor design and contract manufacturing.

President Yoon Suk Yeol likened the global chip market to a battleground:

"As we all know, semiconductors are a field where all-out national warfare is underway. Win or lose, that depends on who can make cutting-edge semiconductors first. We need to provide strong support for semiconductors to ensure that our country doesn't fall behind others in the competition.”

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2.3% was the UK inflation rate in April.

That was down sharply from a month before, but fell less than expected.

Prime Minister Rishi Sunak will hope the lower number cheers up voters as he calls a surprise general election.

"Now is the moment for Britain to choose its future."

Up to $318 was the discount offered by Apple on some iPhone models in China.

The tech giant rarely does discounting, but wants to defend its position in the high-end smartphone market.

Apple has seen its sales sag in China amid mounting competition from local rivals like Huawei.

And 20 million vehicles is seemingly no longer the annual sales Tesla plans to hit in 2030.

The number has long been promised, but disappeared from a new outlook published this week.

It comes after Elon Musk's firm dropped plans for a cheaper new model, and said it would focus on robotaxis instead.