Nvidia’s China-based rival posts 4,300% revenue jump as chipmakers’ earnings reported no H20 chip sales to the country

Nvidia’s China-based rival posts 4,300% revenue jump as chipmakers’ earnings reported no H20 chip sales to the country

Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%. The earnings, released late Tuesday, serve as an example of Nvidia’s growing local competition in China, as the government and market seek alternative chipmakers to gain traction in the region. Nvidia’s business in…

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Trade War Latest: China and India Repair Ties

Trade War Latest: China and India Repair Ties

The warming of ties between India and China appears to be accelerating. Both burned by US President Donald Trump’s tariffs on their exports, the world’s most populous nations took a major step last week to move beyond a deadly 2020 border clash by agreeing to redouble efforts to settle such disputes, which date back to…

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