Nvidia (NVDA) has reportedly cut an unprecedented deal with the Trump administration to save its China business that would entail sharing as much as $3 billion in revenue with the US government for the current fiscal year to resume sales of its H20 chips. Multiple media outlets have confirmed with unnamed sources that leading AI…
In the escalating geopolitical chess game over technological supremacy, China is pushing the U.S. to loosen its stringent export controls on advanced AI chips as a key concession in potential trade negotiations. According to a report from the Financial Times, Chinese officials have signaled this demand ahead of a possible summit between Presidents Donald Trump…
-Two Chinese nationals were arrested in California and charged with illegally shipping tens of millions of dollars’ worth of AI chips to China, including Nvidia H100s, the U.S. Justice Department said Tuesday. Chuan Geng, 28, of Pasadena, and Shiwei Yang, 28, of El Monte, exported the advanced Nvidia chips and other technology to China from…
Nvidia (NASDAQ:NVDA) saw its shares rise after the Financial Times revealed about $1 billion of its B200 AI chips slipped through export controls into China. The stock rose 1% to $900, suggesting investors aren’t spooked by the black?market buzz. According to the FT report, those banned processors were funneled through brokers into a lucrative Chinese…
A number of suspects involved in strategic mineral smuggling had been arrested, Chinese authorities said on Saturday, while pledging stronger enforcement of export controls to prevent illegal shipments and technology transfers for military use. The Ministry of Commerce statement came during a high-level export-control meeting in Nanning, capital of Guangxi Zhuang autonomous region – an…
A new survey of American companies operating in China has indicated that most of them consider the country’s market critical despite fraying bilateral relations, tariffs, economic weakness and lost market share. Nearly all respondents participating in an annual US-China Business Council survey said they cannot remain globally competitive without their business in the world’s second-largest…
Nvidia’s ability to get a reprieve from restrictions on chip sales to China could mark a shift in the U.S.-China technology rivalry, as well as pave the way to a further de-escalation in the tensions that rattled markets just months ago. The chip manufacturer said overnight that it had been given assurances that it could…
By Max A. Cherney SAN FRANCISCO (Reuters) -A bipartisan pair of U.S. senators sent a letter to Nvidia CEO Jensen Huang on Friday about an upcoming trip to China, warning the CEO to refrain from meeting with companies that are suspected of undermining U.S. chip export controls. The letter from Republican Senator Jim Banks and…
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what’s in the article. Reporting mistakes helps us improve the experience.Generate Key Takeaways TAIPEI, Taiwan (AP) — China imposed export controls Wednesday on eight companies tied to Taiwan’s military as the self-ruled island started annual military exercises….
BEIJING (Reuters) -China’s commerce ministry on Wednesday said it has added eight Taiwanese firms to an export controls list, citing concerns over shipments of dual-use technologies from the democratically governed island that Beijing views as its own territory. The eight companies are from Taiwan’s aerospace, shipbuilding and technology sectors. (Reporting by Joe Cash; Editing by…