SoftBank builds Nvidia, TSMC stakes under Masayoshi Son's focus on AI gear
At the heart of SoftBank's AI ambitions is chip designer Arm Holdings Plc. Son is gradually building a portfolio around the Cambridge, UK-based company with key industry players, seeking to catch up after largely missing a historic rally that's made Nvidia into a $4 trillion behemoth and boosted its contract chipmaker TSMC near a $1 trillion value.
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AMD Gives Solid Forecast, Showing Strength of Demand for AI
(Bloomberg) -- Advanced Micro Devices Inc., the second-largest maker of AI accelerator chips, gave a strong forecast for the current period, signaling that it's making inroads in an industry dominated by Nvidia Corp. Third-quarter sales will be about $8.7 billion, the company said in a statement Tuesday. That compares with an average analyst estimate of $8.37 billion. The forecast doesn't include sales of AI chips to China, where US export controls were recently eased. The outlook pleased investors, who have been looking for more growth from AI accelerators, the highly prized chips that help develop and run artificial intelligence models. The market has become the hottest part of AMD's business, even though the company remains far behind Nvidia. But the China market remains a question mark: Though AMD is expected to begin resuming sales of AI chips there — after the easing of restrictions by the Trump administration — it's unclear how soon that will happen. Investors have poured money into AMD's shares this year, making it the best-performing semiconductor stock in 2025. The run-up has put pressure on its management to match lofty expectations for growth. Three months ago, AMD said it was taking $800 million in charges for inventory and reserves due to export controls in the second quarter and that those restrictions would cost it $1.5 billion in revenue this year. The US move to ease those restrictions on China are expected to eventually change its outlook. AMD's stock, the top stock in the Philadelphia Stock Exchange Semiconductor Index this year, rose about 1% in extended trading following the announcement. It had gained 44% in 2025. AMD's second-quarter sales rose 32% to $7.7 billion, compared with a $7.43 billion average estimate. Profit was 48 cents a share, minus certain items. Analysts projected 49 cents. Data center sales gained 14% to $3.2 billion in the period. On average, analysts had predicted $3.25 billion. Personal computer-related sales climbed 67% to $2.5 billion. The average prediction was $2.56 billion In the decade since Chief Executive Officer Lisa Su took the top job at AMD, the company has become a key provider of technology across the computing industry. The ability to deliver competitive products — at a time when longtime nemesis Intel Corp. has stumbled — has brought a reversal of fortunes. AMD's market capitalization is now roughly $200 billion higher than Intel's. Still, neither company has matched the runaway success of Nvidia, whose dominance of AI accelerators has made it the world's most valuable business. AMD is the second-biggest provider of graphics chips, which form the basis for the AI accelerators that run in data centers. Its microprocessors, meanwhile, go head to head with Intel products in the markets for PCs and servers. More stories like this are available on
Mint
an hour ago
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Two Chinese nationals in California accused of illegally shipping Nvidia AI chips to China
-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 October 2022 through July 2025 without obtaining the required licenses from the U.S. Commerce Department, a criminal complaint says. According to the complaint, Geng and Yang's El Monte-based company, ALX Solutions Inc, was founded in 2022, shortly after the U.S. imposed sweeping export controls on technology to China and began to require licenses for the chips. A spokesperson for Nvidia declined comment. Over 20 shipments from ALX solutions went to shipping and freight forwarding companies in Singapore and Malaysia, which are often used as transshipment points for illegal goods to China. ALX received a $1 million payment from a China-based company in January 2024 and other payments from companies in Hong Kong and China, not the freight forwarding companies. Nvidia H100s are advanced chips that can be used to train large language models and for other applications, such as developing self-driving cars and medical diagnosis systems. Records show that from at least August 2023 to July 2024, ALX Solutions bought over 200 Nvidia H100 chips from San Jose, Calif-based server maker Super Micro Computer, declaring that the end users were in Singapore and Japan. Super Micro did not immediately respond to a request for comment. In addition to Nvidia's H100s, the pair are accused of illegally shipping Nvidia video graphics cards known as PNY GE Force RTX 4090, which also require a license for export to China. Geng and Yang appeared in U.S. District Court in Los Angeles late Monday, according to the Justice Department. Geng, a permanent resident, was released on $250,000 bond. Yang, who overstayed her visa, has a detention hearing on August 12. This article was generated from an automated news agency feed without modifications to text.
Time of India
2 hours ago
- Time of India
Nvidia AI chips smuggling: Two Chinese nationals arrested in California
Two Chinese nationals were arrested in California and charged with illegally shipping tens of millions of dollars' worth of AI chips to China, including C 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 October 2022 through July 2025 without obtaining the required licenses from the U.S. Commerce Department, a criminal complaint says. According to the complaint, Geng and Yang's El Monte-based company, ALX Solutions Inc, was founded in 2022, shortly after the U.S. imposed sweeping export controls on technology to China and began to require licenses for the chips. A spokesperson for Nvidia declined comment. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Over 20 shipments from ALX solutions went to shipping and freight forwarding companies in Singapore and Malaysia, which are often used as transshipment points for illegal goods to China. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You will never turn off your computer again. ALX received a $1 million payment from a China-based company in January 2024 and other payments from companies in Hong Kong and China, not the freight forwarding companies. Nvidia H100s are advanced chips that can be used to train large language models and for other applications, such as developing self-driving cars and medical diagnosis systems. Live Events Records show that from at least August 2023 to July 2024, ALX Solutions bought over 200 Nvidia H100 chips from San Jose, Calif-based server maker Super Micro Computer, declaring that the end users were in Singapore and Japan. Super Micro did not immediately respond to a request for comment. In addition to Nvidia's H100s, the pair are accused of illegally shipping Nvidia video graphics cards known as PNY GE Force RTX 4090, which also require a license for export to China. Geng and Yang appeared in U.S. District Court in Los Angeles late Monday, according to the Justice Department. Geng, a permanent resident, was released on $250,000 bond. Yang, who overstayed her visa, has a detention hearing on August 12. FAQs Q1. Which company manufactures H100s chips? A1. Nvidia manufactures H100s chips. Q2. Were Nvidia chips getting smuggled? A2. Over 20 shipments from ALX solutions went to shipping and freight forwarding companies in Singapore and Malaysia, which are often used as transshipment points for illegal goods to China.
