Tink to provide payment initiation service for Chip customers
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Tink is working with Chip to provide seamless and secure open banking-powered money transfers for users topping up their account.
Alex Latham, Chip Co-Founder, said: 'It's brilliant to partner with Tink, whose open banking solutions provide a fast and secure option for our users adding money to their savings on the Chip app.
'We're looking forward to working with the Tink team to promote these payment options, with a few more exciting updates coming soon.'
Tink's Head of Payments, Ian Morrin, added: 'Chip have been on a tremendous growth journey in recent years, and we're delighted to become part of their success story by bringing more payment options to their user base.'
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The Guardian
5 days ago
- The Guardian
China welcomes resumption of Nvidia H20 AI chip sales; Japan warns tariffs ‘not right tool'
Update: Date: Title: Introduction: China says 'win-win cooperation is the right path' as Nvidia H20 sales cleared Content: Good morning and welcome to our rolling coverage of business, the financial markets and the world economy. Relations between the US and China appear to have warmed, slightly, after chipmaker Nvidia was given a green light by Washington to resume sales of its H20 AI chip to Chinese companies. Nvidia's CEO, Jensen Huang, revealed earlier this week that the US government has assured his company that licences for H20 chip sales to China would be granted, and that deliveries could start soon. That reverses a restriction announced in April, when the White House announced tighter controls on exports of computer chips used for artificial intelligence. And today, Beijing has welcomed this change of heart, confirming that the US has 'taken initiatives' to approve H20 sales to China again. China's Commerce Ministry said in a statement that 'win-win cooperation' was the right path to go down, and that it hopes the two countries can 'meet each other half way' and work together. The ministry also urged the US to abandon its 'zero-sum mentality' and cancel 'unreasonable' trade restrictions on China, warning that 'suppression' will not lead to solutions. The H20 graphics processing unit, or GPU, is an advanced chip for use in AI systems. But it's less powerful than Nvidia's top semiconductors today, as it was designed to comply with US restrictions for exports of AI chips to China. Earlier this week, commerce secretary Howard Lutnick revealed that the renewed sale of H20 chips to China was linked to a rare earths magnet deal. He also claimed Nvidia would only be selling China its 'fourth best' chip. Even so, the prospect of more sales to China pushed Nvidia's shares to record highs this week. Nvidia stock closed at a new record high on Tuesday after the AI chipmaker said it was applying to resume sales of its H20 GPUs in China following a US ban that cost the company billions in lost sales.$NVDA $170.7, +4.04% Orders from Chinese companies for H20 chips need to be sent by Nvidia to the U.S. government for approval. 9.30am BST: UK insolvency data 10am BST: Eurozone construction output data for May 1.30pm BST: US housing starts data for June 3pm BST: University of Michigan consumer confidence report Update: Date: 2025-07-18T06:59:59.000Z Title: Japan's Kato says tariffs not right tool to fix trade imbalances Content: Donald Trump's trade war has loomed over the meeting of G20 finance ministers in South Africa this week. Japan told the gathering of advanced economies in Durban that tariffs aren't the right way to fix trade imbalances. 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Update: Date: 2025-07-18T06:59:19.000Z Title: Introduction: China says 'win-win cooperation is the right path' as Nvidia H20 sales cleared Content: Good morning and welcome to our rolling coverage of business, the financial markets and the world economy. Relations between the US and China appear to have warmed, slightly, after chipmaker Nvidia was given a green light by Washington to resume sales of its H20 AI chip to Chinese companies. Nvidia's CEO, Jensen Huang, revealed earlier this week that the US government has assured his company that licences for H20 chip sales to China would be granted, and that deliveries could start soon. That reverses a restriction announced in April, when the White House announced tighter controls on exports of computer chips used for artificial intelligence. And today, Beijing has welcomed this change of heart, confirming that the US has 'taken initiatives' to approve H20 sales to China again. China's Commerce Ministry said in a statement that 'win-win cooperation' was the right path to go down, and that it hopes the two countries can 'meet each other half way' and work together. The ministry also urged the US to abandon its 'zero-sum mentality' and cancel 'unreasonable' trade restrictions on China, warning that 'suppression' will not lead to solutions. The H20 graphics processing unit, or GPU, is an advanced chip for use in AI systems. But it's less powerful than Nvidia's top semiconductors today, as it was designed to comply with US restrictions for exports of AI chips to China. Earlier this week, commerce secretary Howard Lutnick revealed that the renewed sale of H20 chips to China was linked to a rare earths magnet deal. He also claimed Nvidia would only be selling China its 'fourth best' chip. Even so, the prospect of more sales to China pushed Nvidia's shares to record highs this week. Nvidia stock closed at a new record high on Tuesday after the AI chipmaker said it was applying to resume sales of its H20 GPUs in China following a US ban that cost the company billions in lost sales.$NVDA $170.7, +4.04% Orders from Chinese companies for H20 chips need to be sent by Nvidia to the U.S. government for approval. 9.30am BST: UK insolvency data 10am BST: Eurozone construction output data for May 1.30pm BST: US housing starts data for June 3pm BST: University of Michigan consumer confidence report
Reuters
15-07-2025
- Reuters
Nvidia to resume H20 GPU chip sales to Beijing, launches China-compliant model
July 14 (Reuters) - Nvidia (NVDA.O), opens new tab said on Monday that it will resume sales of its H20 graphics processing unit (GPU) chips to China and has introduced a new model tailored to meet regulatory requirements in the Chinese market. According to a company blog post, Nvidia is filing applications to resume H20 sales with the U.S. government and expects to get the licenses soon. Deliveries are expected to begin shortly thereafter. The company announced a new RTX Pro GPU designed specifically for China. Nvidia described the model as "fully compliant" and suitable for digital twin AI applications in sectors such as smart factories and logistics. The chipmaker's CEO Jensen Huang met with U.S. President Donald Trump and policymakers in Washington and later with officials in Beijing, as part of efforts to promote AI cooperation and highlight Nvidia's support for open-source research and global AI development, the company said. In May, Reuters reported that the company was planning to release a downgraded version of its H20 artificial intelligence chip for China following U.S. export restrictions on the original model.
Reuters
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- Reuters
US senators warn Nvidia CEO about upcoming China trip
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