China tightens checks on Nvidia AI chips at major ports, FT reports

China tightens checks on Nvidia AI chips at major ports, FT reports

(Reuters) -China has intensified enforcement of its import restrictions on U.S. chips, including Nvidia‘s artificial intelligence processors, the Financial Times reported, as Beijing sharpens its focus on promoting home-grown semiconductor production. Chinese customs officials were dispatched to key ports to conduct strict checks on semiconductor shipments, the newspaper said on Friday, citing unidentified sources. China…

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source reuters

US tech clampdown widens to 32 firms across Asia and Middle East

The United States on Friday penalized two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker SMIC, including them among 32 entities that were added to the Commerce Department’s restricted trade list, according to a US government posting. Twenty-three of the 32 were in China. GMC Semiconductor Technology (Wuxi) Co and Jicun Semiconductor Technology were placed on the list, formally known as…

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Oracle founder Larry Ellison briefly passes Elon Musk to become the world's richest man—and he has Nvidia CEO Jensen Huang to thank for that

Oracle founder Larry Ellison briefly passes Elon Musk to become the world’s richest man—and he has Nvidia CEO Jensen Huang to thank for that

Good morning. It’s Jeremy here, filling in for Andrew, who is now on paternity leave for a bit. So you’ll see a rotating cast of Fortune tech journalists writing this newsletter for a few weeks. Fortune Brainstorm Tech wrapped yesterday. Here were a few highlights from the final day of the conference: Tom Hale, the…

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Changing times: Cambricon tops Moutai as China’s costliest stock as chips trump baijiu

Changing times: Cambricon tops Moutai as China’s costliest stock as chips trump baijiu

Cambricon Technologies became the costliest stock in mainland China’s equities market, as the Beijing-based chipmaker replaced the liquor distiller Kweichow Moutai in a sign of the rising significance of artificial intelligence (AI) in the world’s second-largest capital market. Trading under the symbol 688256 in Shanghai, Cambricon’s shares jumped 11.60 per cent on Monday to a…

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Changing times: Cambricon tops Moutai as China’s costliest stock as chips trump baijiu

Changing times: Cambricon tops Moutai as China’s costliest stock as chips trump baijiu

Cambricon Technologies became the costliest stock in mainland China’s equities market, as the Beijing-based chipmaker replaced the liquor distiller Kweichow Moutai in a sign of the rising significance of artificial intelligence (AI) in the world’s second-largest capital market. Trading under the symbol 688256 in Shanghai, Cambricon’s shares jumped 11.60 per cent on Monday to a…

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Nvidia denies back-door features in its H20 chips after Beijing raises security concerns

Nvidia denies back-door features in its H20 chips after Beijing raises security concerns

Nvidia said its chips had no “back doors” after China’s cyberspace regulator interviewed company representatives over alleged security risks associated with its H20 chips, which were tailor-made for Chinese customers, although it remains unclear what impact Beijing’s mistrust of the US firm will have over time. “Cybersecurity is critically important to us,” an Nvidia representative…

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