US President Donald Trump said on Monday that he had personally negotiated a deal with Nvidia chief executive Jensen Huang, letting the tech company sell a lower-end chip in China in exchange for part of those sales revenues being paid to the US government. The highly unusual deal was first reported on Sunday by the…
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…
U.S. chipmakers Nvidia and AMD will pay the U.S. government 15% of revenue generated by sales of their AI chips in China, a White House official confirmed to CBS News. The Financial Times on Sunday reported that the agreement between the tech giants and the U.S. government was reached as a condition for granting export licenses…
Nvidia and AMD have reportedly agreed to pay the U.S. government a 15% cut of their revenue from their specialized chip sales in China, in a deal so unconventional the business world is still reeling. The arrangement, effectively a new kind of “export tax,” is an unprecedented move that ends a months-long blockade and reopens…
Stock futures were steady on Monday, with Wall Street aiming for more record highs. Traders this week are eyeing a key inflation reading, the upcoming summit between President Trump and Russian President Putin, and an unusual sales arrangement between Nvidia (NVDA), AMD (AMD), and the US government. Dow Jones Industrial Average futures (YM=F) rose 0.3%….
Huawei Technologies is set to unveil a technological breakthrough that could reduce China’s reliance on high-bandwidth memory (HBM) chips for running artificial intelligence reasoning models, according to state-run Securities Times. The announcement will take place in collaboration with China UnionPay at the 2025 Financial AI Reasoning Application Landing and Development Forum in Shanghai on Tuesday,…
Elon Musk-owned Tesla recently dissolved its Dojo supercomputer team. According to a Bloomberg report, the EV maker will also discontinue its in-house chip development for autonomous driving technology. An X user Gali @Gfilche welcomed the development, saying “This is a big win”. He said “Tesla’s in house chip design is a key advantage and reason…
(Reuters) -Nvidia and AMD have agreed to give the U.S. government 15% of their revenues from chip sales in China, under an arrangement to obtain export licenses for the semiconductors, the Financial Times reported on Sunday. The revenue share applies to Nvidia’s H20 chips and AMD’s MI308 chips, the report said, citing a U.S. official,…
BEIJING (Reuters) -Nvidia’s H20 chips pose security concerns for China, a social media account affiliated with China’s state media said on Sunday, after Beijing raised concerns over backdoor access in those chips. The H20 chips are also not technologically advanced or environmentally friendly, the account, Yuyuan Tantian, which is affiliated with state broadcaster CCTV, said…
BEIJING (Reuters) -Nvidia’s H20 chips pose security concerns for China, a social media account affiliated with China’s state media said on Sunday, after Beijing raised concerns over backdoor access in those chips. The H20 chips are also not technologically advanced or environmentally friendly, the account, Yuyuan Tantian, which is affiliated with state broadcaster CCTV, said…