Under both the first Trump and Biden administrations, Washington argued that it needed to limit China’s technological development by barring more and more sensitive products from being exported to its strategic rival. Now, Trump’s decision to allow Nvidia and AMD to sell their advanced AI chips to China in exchange for a 15% cut of…
The Trump administration has made curbing China’s access to high-powered AI chips a high priority. According to the government, China may use the chips to build up its arsenal of military technology, and it simply can’t have that. At the same time, America’s considerable and longstanding chip export controls may also be aimed at slowing…
China is reportedly pressuring major tech companies like Alibaba and ByteDance to reconsider their orders for Nvidia’s H20 AI chips even as Chinese regulators have asked tech firms to explain why they are purchasing Nvidia’s chips – which US President Donald Trump called ‘obsolete’ – instead of using domestic alternatives, suggesting that they want the…
Chinese officials have summoned domestic companies, including major tech firms Tencent and ByteDance, over their purchases of Nvidia’s H20 chips, demanding explanations and expressing concerns about information risks. The Cyberspace Administration of China (CAC) and other agencies have also held meetings in recent weeks with Baidu and smaller Chinese tech companies. According to sources speaking…
US chipmaker Nvidia is reportedly facing a new hurdle in China when it comes to AI chips. China has instructed its domestic companies to avoid using Nvidia’s H20 chips, particularly for government-related projects. This move essentially complicates Nvidia’s – as well as AMD’s – efforts to recover billions in lost revenue and challenges the Trump…
(Bloomberg) — Beijing has urged local companies to avoid using Nvidia Corp.’s H20 processors, particularly for government-related purposes, complicating the chipmaker’s attempts to recoup billions in lost China revenue after the Trump administration reversed an effective US ban on such sales. Over the past few weeks, Chinese authorities have sent notices to a range of…
Wall Street Today: The US benchmark indices like the Dow Jones, Nasdaq Composite, and the S&P 500 opened flat on Monday, 11 August 2025, as US market investors shifted their focus to the Trump tariffs’ deadline on China. The US and China are expected to come to a trade deal before the 12 August 2025…
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist World markets got the week off to a subdued start on Monday, although the Nasdaq nudged a new high, as a light earnings and data calendar allowed investors to digest the latest tariff-related news…
Retired admiral says deal for AI chip sales to China could put national security at risk – CBS News Watch CBS News The Trump administration has reached a deal with American chipmakers Nvidia and AMD to sell two semiconductors to China in exchange for a 15% cut of their revenue. Jo Ling Kent reports. Source…
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Buoyant stock markets and an event-free Monday are allowing investors to prep for the three big events of the week: Tuesday’s U.S. consumer inflation report, the China trade deadline and Friday’s U.S.-Russia summit in…