US licenses Nvidia to export chips to China, official says
The commerce department has started issuing licenses to
Nvidia
to export its
H20 chips
to China, a U.S. official told Reuters on Friday, removing a significant hurdle to the AI bellwether's access to a key market.
The U.S. last month reversed an April ban on the sale of the H20 chip to China. The company had tailored the microprocessor specially to the Chinese market to comply with the Biden-era
AI chip export controls
.
The curbs will slice $8 billion off sales from its July quarter, the chipmaker has warned.
Nvidia CEO
Jensen Huang
met with Trump on Wednesday, two sources familiar with the matter told Reuters.
A spokesperson for Nvidia declined comment. A White House spokesman did not immediately respond to a request for comment.
The company said in July it was filing applications with the U.S. government to resume sales to China of the
H20 graphics processing unit
, and had been assured it would get the licenses soon.
It is unclear how many licenses may have been issued, which companies Nvidia is allowed to ship the H20s to, and the value of the shipments allowed.
Nvidia disclosed in April that it expected a $5.5 billion charge related to the restrictions. In May, Nvidia said the actual first-quarter charge due to the H20 restrictions was $1 billion less than expected because it was able to reuse some materials.
The Financial Times first reported Friday's developments.
Nvidia said last month that its products have no "backdoors" that would allow remote access or control after China raised concerns over potential security risks in the H20 chip.
BIG MARKET
Exports of Nvidia's other advanced AI chips, barring the H20, to China are still restricted.
Successive U.S. administrations have curbed exports of advanced chips to China, looking to stymie Beijing's AI and defense development.
While this has impacted U.S. firms' ability to fully address booming demand from China, one of the world's largest semiconductor markets, it still remains an important revenue driver for American chipmakers.
Huang has said the company's leadership position could slip without sales to China, where developers were being courted by Huawei Technologies with chips produced in China.
In May, Nvidia said the H20 had brought in $4.6 billion in sales in the first quarter and that China accounted for 12.5% of overall revenue during the period.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
The 1,800-mile EV battery which charges in 5 minutes could crush Tesla, and it's not from the US
Huawei fast charging EV battery: Huawei is developing a new EV battery. This battery may offer 1,800 miles range on a five-minute charge. It could revolutionize the electric vehicle sector. The battery uses solid-state technology. Experts believe it may take years to materialize. If successful, it could surpass Tesla's battery technology. Tired of too many ads? Remove Ads Huawei's 1,800-Mile, 5-Minute Charge EV Battery Could Transform the Auto Industry What Makes Huawei's Battery So Different? Tired of too many ads? Remove Ads A Bold Idea That May Still Be Years Away Why Solid-State Batteries Matter for the Future FAQs A new battery forthat is expected to deliver more than 1,800 miles of range on a five-minute charge may revolutionise the EV business, and it's not coming fromor any US automaker, as per a report. The new EV battery will be manufactured by Huawei, the Chinese Telecommunications equipment company, according to a BGR years, EV adoption has been slowed by range anxiety, the worry that a battery will not last long enough for daily needs or long trips, as per the report. While there have been steady improvements, Huawei's new battery could erase that concern in one stroke, as per the BGR there have been some impressive breakthroughs recently, such as the battery design that would make EVs lighter, others have focused more on providing fast-charging capabilities, like delivering up to 250 miles of range with a few minutes of charging, as reported by READ: iPhone 17 Pro case leak hints at bold design changes — and some big letdowns But now, Huawei is reportedly working on a battery that would allow for more than 1,800 miles of range after just five minutes of charging, according to the BGR though Huawei's new battery seems promising, many believe that this kind of technological breakthrough could still be years away because it relies on a totally new type of battery design called a "solid-state battery," as per the of the drawbacks to the work on this new solid-state battery is that many experts pointed out the battery's short-term feasibility, according to the BGR report. While delivering that kind of range and fast charging is not only a lot to expect from a single generation of battery developments, but another concern is that solid-state battery tech is still very much in its infancy. Even though there have been increased charging speeds on EV batteries in recent years, no battery until now has actually been able to fully refill a vehicle's battery in minutes, as per the BGR READ: Polish outlet publishes Trump's alleged deal offer to Putin to stop Ukraine war - here's the fine print As per reports from Battery Tech Network, Huawei's new battery tech has been part of a patent that Huawei applied for in 2023, which has led to speculations that it is possible that the technology has been under development for the past year or two, and it could be making some progress, as reported by has opted for solid-state batteries because they could offer a much higher density for energy storage than current battery designs do, according to the report. However, experts are confident that it will take years for these batteries to actually reach the market, just as lithium-ion did several years ago when it was first launched, as per the BGR Huawei delivers on the promise, it could outperform Tesla's current battery tech in both range and charging time, as per the BGR claims to deliver over 1,800 miles of range after just five minutes of charging, something no other EV battery currently offers.
Economic Times
an hour ago
- Economic Times
The 1,800-mile EV battery which charges in 5 minutes could crush Tesla, and it's not from the US
Huawei fast charging EV battery: Huawei is developing a new EV battery. This battery may offer 1,800 miles range on a five-minute charge. It could revolutionize the electric vehicle sector. The battery uses solid-state technology. Experts believe it may take years to materialize. If successful, it could surpass Tesla's battery technology. Tired of too many ads? Remove Ads Huawei's 1,800-Mile, 5-Minute Charge EV Battery Could Transform the Auto Industry What Makes Huawei's Battery So Different? Tired of too many ads? Remove Ads A Bold Idea That May Still Be Years Away Why Solid-State Batteries Matter for the Future FAQs A new battery forthat is expected to deliver more than 1,800 miles of range on a five-minute charge may revolutionise the EV business, and it's not coming fromor any US automaker, as per a report. The new EV battery will be manufactured by Huawei, the Chinese Telecommunications equipment company, according to a BGR years, EV adoption has been slowed by range anxiety, the worry that a battery will not last long enough for daily needs or long trips, as per the report. While there have been steady improvements, Huawei's new battery could erase that concern in one stroke, as per the BGR there have been some impressive breakthroughs recently, such as the battery design that would make EVs lighter, others have focused more on providing fast-charging capabilities, like delivering up to 250 miles of range with a few minutes of charging, as reported by READ: iPhone 17 Pro case leak hints at bold design changes — and some big letdowns But now, Huawei is reportedly working on a battery that would allow for more than 1,800 miles of range after just five minutes of charging, according to the BGR though Huawei's new battery seems promising, many believe that this kind of technological breakthrough could still be years away because it relies on a totally new type of battery design called a "solid-state battery," as per the of the drawbacks to the work on this new solid-state battery is that many experts pointed out the battery's short-term feasibility, according to the BGR report. While delivering that kind of range and fast charging is not only a lot to expect from a single generation of battery developments, but another concern is that solid-state battery tech is still very much in its infancy. Even though there have been increased charging speeds on EV batteries in recent years, no battery until now has actually been able to fully refill a vehicle's battery in minutes, as per the BGR READ: Polish outlet publishes Trump's alleged deal offer to Putin to stop Ukraine war - here's the fine print As per reports from Battery Tech Network, Huawei's new battery tech has been part of a patent that Huawei applied for in 2023, which has led to speculations that it is possible that the technology has been under development for the past year or two, and it could be making some progress, as reported by has opted for solid-state batteries because they could offer a much higher density for energy storage than current battery designs do, according to the report. However, experts are confident that it will take years for these batteries to actually reach the market, just as lithium-ion did several years ago when it was first launched, as per the BGR Huawei delivers on the promise, it could outperform Tesla's current battery tech in both range and charging time, as per the BGR claims to deliver over 1,800 miles of range after just five minutes of charging, something no other EV battery currently offers.
Time of India
an hour ago
- Time of India
Probe ordered into alleged lapses in Chandni Chowk revamp project
New Delhi: Public Works Department minister Parvesh Verma has ordered an inquiry into alleged irregularities in the execution of the Chandni Chowk redevelopment project. According to an initial report, there are allegations of sharp cost escalation, bypassing the cabinet, and illegal approval and diversion of funds by the then minister in charge of PWD. While the overall spending on the project jumped from the estimated cost of Rs 65.6 crore to Rs 145 crore, mandatory sanctions were not obtained on revised estimates, the department alleged. The project suffered from "severe deficiencies" in cost estimation, planning and financial control, and overall execution lacked due diligence, resulting in large-scale irregularities and fiscal indiscipline, the initial findings revealed. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi While ordering an internal inquiry by the department, Verma called the project a "textbook case" of "mishandling" public money and said Delhi "deserved better". "The Chandni Chowk redevelopment project stands as a textbook case of how public money can be mishandled when rules are bent and procedures bypassed. In 2019, under the then minister-in-charge, costs spiralled, tenders were ignored and crores were diverted — all without mandatory approvals," the minister said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Write Better, Work Smarter With This Desktop App Grammarly Install Now Undo "Under my watch, PWD will not be a playground for irregularities… it will be a fortress of transparency and accountability, where every paisa serves the people, not personal interests," he added. No immediate reaction was available from AAP. The first phase of the project, which aimed to restore the grandeur of the Mughal-era marketplace, combining infrastructure upgrades with aesthetic improvements, was inaugurated in Sept 2021. The 1.3km redeveloped stretch, from Lal Jain Mandir to Fatehpuri, was made pedestrian-friendly and aesthetically revitalised. It was executed by Shahjahanabad Redevelopment Corporation (SRDC), a special-purpose vehicle. The second phase of the project, which focused on facade restoration and improving architectural consistency, however, remains stalled. According to the initial findings, Delhi govt sanctioned Rs 99.68 crore for phase I. However, during the construction, the initial cost of civil and electrical works alone increased from Rs 27.79 crore to Rs 106 crore. "As per the established norms, a revised sanction must be obtained when project costs exceed the approved limits, but PWD continued spending beyond the sanctioned amount of Rs 99.68 crore without obtaining the mandatory revised approval," said an official. He added, "Instead of submitting a revised preliminary estimate of Rs 145 crore, reflecting the actual scope and cost, the department submitted only an additional estimate of Rs 40.6 crore, which was a deliberate attempt to avoid presenting the complete proposal before the cabinet, which is mandatory for projects exceeding Rs 100 crore." Officials said the initial findings also pointed towards irregular execution through the same contractor without floating a new tender, and more than Rs 70 crore were spent on "extra items and deviations". Officials said the initial findings also revealed that Rs 30 crore were diverted from PWD's maintenance head to SRDC without obtaining mandatory concurrence from the finance department. "The engineer-in-chief directly submitted the file to the minister-in-charge, bypassing both the secretary in charge of the department and the concurrence of the finance department, which is a serious breach of rules and regulations," said an official. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
