Nvidia to receive a license to sell in China
The company is currently in the process of filing the relevant applications with the hope being that deliveries to customers would commence soon.
Nvidia reportedly saw a surge in demand for the H20 chip from China's tech giants in February 2025. It was its highest spec offering available in the market and at the time wasn't subject to the same export restrictions as higher-end products. However, in April the company was informed export of the chip to countries under curbs would require a licence due to a perceived risk it could be used in a supercomputer in China. The restriction led to the tech giant taking a $5.5 billion hit in its financial results.
The revelation sales are set to commence shortly was made in an Nvidia notice rounding-up CEO Jensen Huang's recent visit to Beijing and meetings in Washington DC. In the update it also announced the Nvidia RTX pro GPU, a chip 'fully compliant' with curbs Huang noted was 'ideal for digital twin AI for smart factories and logistics'.
Nvidia noted while in China the executive discussed how AI can 'raise productivity and expand opportunity' while US meetings Huang pledged support to drives to push the country as a global AI leader.
Source: Mobile World Live
Image Credit: Nvidia
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
14 minutes ago
- Khaleej Times
Donald Trump says US will levy 100% tariff on some chip imports
The United States will impose a tariff of about 100% on semiconductor chips imported from countries not producing in America or planning to do so, President Donald Trump said. Trump told reporters in the Oval Office on Wednesday the new tariff rate would apply to "all chips and semiconductors coming into the United States," but would not apply to companies that had made a commitment to manufacture in the United States or were in the process of doing so. "If, for some reason, you say you're building and you don't build, then we go back and we add it up, it accumulates, and we charge you at a later date, you have to pay, and that's a guarantee," Trump added. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The comments were not a formal tariff announcement, and Trump offered no further specifics. It is not clear how many chips, or from which country, would be impacted by the new levy. Taiwanese chip contract manufacturer TSMC - which makes chips for most US companies - has factories in the country, so its big customers such as Nvidia are not likely to face increased tariff costs. The AI chip giant has itself said it plans to invest hundreds of billions of dollars in US-made chips and electronics over the next four years. An Nvidia spokesperson declined to comment for this story. "Large, cash-rich companies that can afford to build in America will be the ones to benefit the most. It's survival of the biggest," said Brian Jacobsen, chief economist at investment advisory firm Annex Wealth Management. Congress created a $52.7 billion semiconductor manufacturing and research subsidy program in 2022. The Commerce Department under President Joe Biden last year convinced all five leading-edge semiconductor firms to locate chip factories in the U.S. as part of the program. The department said the U.S. last year produced about 12% of semiconductor chips globally, down from 40% in 1990. Any chip tariffs would likely target China, with whom Washington is still negotiating a trade deal. "There's so much serious investment in the United States in chip production that much of the sector will be exempt," said Martin Chorzempa, senior fellow at the Peterson Institute for International Economics. Since chips made in China won't be exempt, chips made by SMIC or Huawei would not be either, Chorzempa said, noting that chips from these companies entering the U.S. market were mostly incorporated into devices assembled in China. "If these tariffs were applied without a component tariff, it might not make much difference," he said. Chipmaking nations South Korea and Japan, as well as the European Union, have reached trade deals with the U.S., potentially giving them an advantage. The EU said it agreed to a single 15% tariff rate for the vast majority of EU exports, including cars, chips and pharmaceuticals. South Korea and Japan said separately that US agreed not to give them worse tariff rates than other countries on chips, suggesting a 15% levy as well.
Khaleej Times
14 minutes ago
- Khaleej Times
Trump announces $100 billion new investment pledge from Apple
President Donald Trump announced on Wednesday that Apple will invest an additional $100 billion in the United States, a move that could help it sidestep potential tariffs on iPhones. The new pledge raises Apple's total domestic investment commitment in the US to $600 billion over the next four years. Earlier this year, the company announced it would invest $500 billion and hire 20,000 workers across the country in that period. The announcement centres on expanding Apple's supply chain and advanced manufacturing footprint in the US, but still falls short of Trump's demand that Apple begin making iPhones domestically. "Companies like Apple, they're coming home. They're all coming home," Trump told reporters in the Oval Office, moments after Apple CEO Tim Cook gave him a US-made souvenir with a 24-karat gold base. "This is a significant step toward the ultimate goal of ensuring that iPhones sold in America also are made in America," Trump added. Asked if Apple could eventually build entire iPhones in the US, Cook noted that many components such as semiconductors, glass and Face ID modules are already made domestically, but said that final assembly will remain overseas "for a while." While the investment pledge is significant, analysts say the numbers align with Apple's typical spending patterns and echo commitments made during both the Biden administration and Trump's previous term. In May, Trump had threatened Apple with a 25% tariff on products manufactured overseas, a sharp reversal from earlier policy when his administration had exempted smartphones, computers and other electronics from rounds of tariffs on Chinese imports. Trump's effort to reshape global trade through tariffs cost Apple $800 million in the June quarter. "Today is a good step in the right direction for Apple, and it helps get on Trump's good side after what appears to be a tension-filled few months in the eyes of the Street between the White House and Apple," said Daniel Ives, an analyst with Wedbush Securities. "A savvy solution" Apple has a mixed track record when it comes to following through on investment promises. In 2019, for instance, Cook toured a Texas factory with Trump that was promoted as a new manufacturing site. But the facility had been producing Apple computers since 2013 and Apple has since moved that production to Thailand. Apple continues to manufacture most of its products, including iPhones and iPads, in Asia, primarily in China, although it has shifted some production to Vietnam, Thailand and India in recent years. Despite political pressure, analysts widely agree that building iPhones in the U.S. remains unrealistic due to labor costs and the complexity of the global supply chain. "The announcement is a savvy solution to the president's demand that Apple manufacture all iPhones in the U.S.," said Nancy Tengler, CEO and CIO of Laffer Tengler Investments, which holds Apple shares. Partners on Apple's latest U.S. investment effort include specialty glass maker Corning, semiconductor manufacturing equipment supplier Applied Materials, and chipmakers Texas InstrumentsO, GlobalFoundries, Broadcom and Samsung. Apple said Samsung will supply chips from its production plant in Texas for its products including iPhones, while GlobalWafers said it would be supplying 300mm silicon wafers from its Texas plant. Apple shares closed up 5% on Wednesday. Shares of Corning rose nearly 4% in extended trading, while Applied Materials gained almost 2%.
Zawya
an hour ago
- Zawya
Oil prices rise on US demand strength, though sanctions uncertainty remains
TOKYO: Oil prices rose on Thursday, pausing a five-day losing streak, on signs of steady demand in the U.S., the world's biggest oil user, though the prospect of U.S.-Russian talks on the Ukraine war eased concerns of supply disruptions from further sanctions. Brent crude futures rose 20 cents, or 0.3%, to $67.09 a barrel by 0039 GMT while U.S. West Texas Intermediate crude was at $64.57 a barrel, up 22 cents, or 0.3%. Both benchmarks slid about 1% to their lowest in eight weeks on Wednesday after U.S. President Donald Trump's remarks about progress in talks with Moscow. Trump could meet with Russian President Vladimir Putin as soon as next week, a White House official said on Wednesday, though the U.S. continued preparations to impose secondary sanctions, including potentially on China, to pressure Moscow to end the war in Ukraine. Russia is the world's second-biggest producer of crude after the U.S. Still, oil markets were supported from a bigger-than-expected draw in U.S. crude inventories last week. The Energy Information Administration said on Wednesday that U.S. crude oil stockpiles fell by 3 million barrels to 423.7 million barrels in the week ended August 1, exceeding analysts' expectations in a Reuters poll for a 591,000-barrel draw. Inventories fell as U.S. crude exports climbed and refinery runs climbed, with utilization on the Gulf Coast, the country's biggest refining region, and the West Coast climbing to their highest since 2023. But the unsettled nature of the talks and the overall supply and demand situation with major producers increasing their output has made investors cautious, said Hiroyuki Kikukawa, chief strategist of Nissan Securities Investment, a unit of Nissan Securities. "Uncertainty over the outcome of the US-Russia summit, possible additional tariffs on India and China - key buyers of Russian crude - and the broader impact of U.S. tariffs on the global economy are prompting investors to stay on the sidelines," said Kikukawa. "With planned OPEC+'s output increases weighing on prices, WTI will likely remain in the $60-$70 range for the rest of the month," he said, referring to the Organization of the Petroleum Exporting Countries and its allies including Russia. Adding to the pressure on Russian oil buyers, Trump on Wednesday imposed an additional 25% tariff on Indian goods, citing their continued imports of Russian oil. The new import tax will go into effect 21 days after August 7. Trump also said he could announce further tariffs on China similar to the 25% duties announced earlier on India over its purchases of Russian oil.
