logo
Nvidia says it will resume sales of ‘H20' AI chips to China

Nvidia says it will resume sales of ‘H20' AI chips to China

Malay Maila day ago
BEIJING, July 15 — US tech giant Nvidia said today it will resume sales of its H20 artificial intelligence chips to China, after Washington pledged to remove licensing curbs that had put a stop to exports.
The California-based firm produces some of the world's most advanced semiconductors but is not allowed to ship its most cutting-edge chips to China owing to concerns that Beijing could use them to boost its military capabilities.
It developed the H20 -- a less powerful version of its AI processing units—specifically for export to China, although that plan hit the skids when the Trump administration firmed up export licence requirements in April.
The company said in a statement today that it was 'filing applications to sell the Nvidia H20 GPU again'.
'The US government has assured Nvidia that licences will be granted, and Nvidia hopes to start deliveries soon,' the statement said.
Nvidia CEO Jensen Huang said in a video published by Chinese state broadcaster CCTV today that 'the US government has approved for us (to file) licences to start shipping H20s, and so we will start to sell H20s to the Chinese market'.
'I'm looking forward to shipping H20s very soon, and so I'm very happy with that very, very good news,' Huang, wearing his trademark black leather jacket, told a group of reporters.
Zhang Guobin, founder of the Chinese specialist website eetrend.com, said the resumption would 'bring (Nvidia) substantial revenue growth, making up for the losses caused by the previous ban'.
It would also ease the impact of trade frictions on the global supply chain for semiconductors, he told AFP.
But he said Chinese firms would remain focused on domestic chip development, adding that 'the Trump administration has been... prone to abrupt policy shifts, making it difficult to gauge how long such an opening might endure'.
Huang will attend a major supply chain gathering tomorrow, the event organiser confirmed to AFP.
It will be his third trip to China this year, according to CCTV.
'Positive role'
China is a crucial market for Nvidia but in recent years the US export squeeze has left it battling tougher competition from local players such as homegrown champion Huawei.
Beijing has decried Washington's curbs as unfair and designed to hinder its development.
Huang, an electrical engineer, told Chinese Vice Premier He Lifeng on a visit to Beijing in April that he 'looked favourably upon the potential of the Chinese economy', according to state news agency Xinhua.
He said he was 'willing to continue to plough deeply into the Chinese market and play a positive role in promoting US-China trade cooperation', Xinhua reported.
The tightened US export curbs have come as China's economy wavers, with domestic consumers reluctant to spend and a prolonged property sector crisis weighing on growth.
President Xi Jinping has called for China to become more self-reliant as uncertainty in the external environment increases.
The Financial Times reported in May that Nvidia was planning to build a research and development centre in Shanghai. Neither Nvidia nor the city's authorities confirmed the project to AFP at the time.
China's economy grew 5.2 per cent in the second quarter of the year, official data showed today, after analysts predicted strong exports despite trade war pressures. — AFP
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Smart Casing Running Tools Market Size expected to reach US$2.67 billion by 2031, CAGR of 6.8%
Smart Casing Running Tools Market Size expected to reach US$2.67 billion by 2031, CAGR of 6.8%

Malaysian Reserve

time42 minutes ago

  • Malaysian Reserve

Smart Casing Running Tools Market Size expected to reach US$2.67 billion by 2031, CAGR of 6.8%

NEW YORK, July 16, 2025 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, the global smart casing running Tools market is observing significant growth owing to the technological advancements and digitalization and automation in oilfields. The smart casing running Tools market size was valued at US$1.70 billion in 2024 and is expected to reach US$2.67 billion by 2031; it is estimated to record a CAGR of 6.8% from 2025 to 2031. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the smart casing running Tools market comprises a vast array of hardware, sensor kit type, software, sales, application, and technology, which are expected to register strength during the coming years. To explore the valuable insights in the Smart Casing Running Tools Market report, you can easily download a sample PDF of the report – Overview of Report Findings Technological Advancements: As oil and gas operations continue to prioritize safety, efficiency, and cost reduction, there is a growing demand for advanced Tools that can deliver these outcomes through automation and digital integration. smartCRT from McCoy Global Inc. stands out as a next-generation, electronically integrated solution that redefines casing operations by combining hydraulic precision with wireless control and real-time digital feedback. With its modular and hydraulically operated design, smartCRT enables seamless execution of critical operations, such as casing make-up, rotation, reciprocation, circulation, and casing while drilling (CwD), all with a level of consistency and repeatability that manual systems cannot match. Integrating features such as wireless drillers' display control, link tilt systems, dynamic bails, and optional remote belly packs enhance operational visibility and control and improve rig floor safety by reducing manual handling and exposure to hazardous tasks. These technological advancements significantly reduce non productive time (NPT) by enabling quicker setups, minimizing mechanical failures, and allowing real-time operational adjustments. Furthermore, smartCRT's low maintenance requirements, user-friendly interface, and adaptability across various well types make it a cost-effective solution for operators seeking to optimize both performance and expenditure. As the industry moves toward more digitally enabled, automated, and remotely operable drilling environments, Tools such as the smartCRT position themselves as essential components of the modern rig Toolskit. This shift is expected to create a substantial growth opportunity for manufacturers and service providers in the smart casing running Tools market, driven by the increasing adoption of high-performance smart casing technologies across global oilfields. For Detailed Smart Casing Running Tools Market Insights, Visit: Regional Overview: The North American oil and gas industry is experiencing a steady transformation, with increasing emphasis on automation, safety, and efficiency in drilling and completion operations. Within oil and gas, energy industry, smart casing running Tools are gaining traction, driven by a combination of technological, economic, and regulatory factors. Smart casing running Tools, which integrate automation, remote monitoring, and real-time data capabilities into traditional casing handling equipment, are becoming essential assets in modern rig operations. Furthermore, North America continues to lead global oil and gas production, largely due to its effective utilization of unconventional resources such as shale oil and gas. Places such as the Permian Basin (Texas and New Mexico), Eagle Ford (South Texas), and Bakken (North Dakota and Montana) are characterized by complex horizontal and extended-reach wells, which present unique technical challenges. As operators drill deeper and farther laterally to maximize reservoir contact, the complexity of casing running operations has increased significantly, fueling the demand for advanced, intelligent downhole Tools. Furthermore, key E&P companies are focusing on oil production across various regions of the North American continent. For instance, in April 2025, Chevron Corporation announced that it started oil and natural gas production from the Ballymore subsea tieback in the deep-water Gulf of America. Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step toward the company's goal to produce 300,000 net barrels per day of oil equivalent from the Gulf in 2026. Ballymore is expected to produce up to 75,000 gross barrels of oil per day through three wells tied back three miles to the existing Chevron-operated Blind Faith facility. As E&P companies continue to pursue higher performance and lower risk, smart casing running Tools are positioned as strategic assets that enhance execution efficiency while supporting digital transformation and ESG objectives. This trend is expected to accelerate as Tools become more affordable, interoperable, and intelligent. Stay Updated on The Latest Smart Casing Running Tools Market Trends: Geographical Insights: North America dominated the smart casing running Tools market in 2024. Middle East and Africa is the second-largest contributor to the global smart casing running Tools market, followed by Asia Pacific. Market Segmentation The hardware segment is divided into remote display, sensor kit, head assembly, gripping assembly, circulator assembly, power supply, and other accessories. The sensor kit segment is subsegmented into torque and tension sensor, position sensor, data transmission sensor, and others. The software segment is bifurcated into inbuilt and optional. The sales segment is bifurcated into direct sales and aftermarket. The application segment is divided into onshore, offshore, and others. The technology segment is categorized into fully automated CRTs, remotely operated CRTs, and hybrid CRTs. Purchase Premium Copy of Global Smart Casing Running Tools Market Size and Growth Report (2025-2031) at: Competitive Strategy and Development – Key Players: A few major companies operating in the smart casing running Tools market include McCoy Global Inc.; NOV Inc.; Expro Group Holdings NV; Nabors Industries Ltd; Volant Products; Weatherford International Plc; Odfjell Technology Ltd; Parker Drilling Company; Premiere, Inc.; and Magnum Manufacturing. – Trending Topics: AI-Driven Predictive Maintenance, Integration of Internet of Things (IoT) and Digital Twins, Sustainability and Green Manufacturing, and more. Global Headlines – 'McCoy Global Inc. ('McCoy,' 'McCoy Global' or 'the Corporation') (TSX: MCB) announced the successful commercialization of its innovative smarTR™ technology. The smarTR™ system, designed to enhance wellbore integrity, significantly improve personnel safety, and optimize tubular running operations, has exceeded customer expectations. Confidence in the technology from its US field-trial partners, including a leading US tubular running service (TRS) provider, resulted in $11.0 million of contract awards for smarTR hardware. In addition to the equipment award, the contract includes utilization-based SaaS revenue for the system's remote integration and automated operational capabilities.' – 'Expro acquired Coretrax, a technology leader in performance drilling Tools and wellbore cleanup, from Buckthorn Partners. The acquisition will expand Expro's portfolio of cost-effective, technology-enabled Well Construction and Well Intervention, and integrity solutions.' For More Latest Electronics and Semiconductor Research Reports – Conclusion The smart casing running Tools (Smart CRT) marks a major improvement over conventional casing running Tools (CRT) by incorporating electronic systems and data collection technologies, enhancing safety, efficiency, and overall operational performance in drilling activities. Factors such as the increased drilling activity and digitalization and automation in oilfields are driving the smart casing running Tools market. The smart casing running Tools market is anticipated to grow during the forecast period, owing to the reduction in non-productive time (NPT) and technological advancements in smart casing running Tools. The integration with cloud and edge computing is likely to be a key trend in the smart casing running Tools market. However, high initial investment may hamper the smart casing running Tools market growth. The report from The Insight Partners, therefore, provides several stakeholders— raw material suppliers, original equipment manufacturers (OEMs), technology providers and digital solution vendors, and end users (oil and gas operators) —with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. Trending Related Reports: The Sensor Testing Market Size is expected to register a CAGR of 5.9% from 2025 to 2031AI Sensors Market Size is expected to register a CAGR of 40.8% from 2025 to 2031The Acoustic Wave Sensor Market Size is expected to register a CAGR of 8.9% from 2025 to 2031The Wireless Sensors Market Size is expected to register a CAGR of 12.36% from 2025 to 2031Video as a sensor Market Share is expected to register a CAGR of 7.9% from 2025 to 2031The Touch Sensor Market Share is expected to register a CAGR of 14.2% from 2025 to 2031The Quantum Sensors Market Share is expected to register a CAGR of 17.1% from 2025 to 2031The smart meter market size is expected to reach US$49.24 billion by 2031The Smart Digital Education Market Share is expected to register a CAGR of 15.2% from 2025 to 2031 About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us:If you have any queries about this report or if you would like further information, please contact us:Contact Person: Ankit MathurE-mail: +1-646-491-9876 Press Release – Logo – View original content:

OpenAI working on payment checkout system within ChatGPT, FT reports
OpenAI working on payment checkout system within ChatGPT, FT reports

The Star

timean hour ago

  • The Star

OpenAI working on payment checkout system within ChatGPT, FT reports

FILE PHOTO: ChatGPT logo is seen in this illustration taken, January 22, 2025. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -OpenAI is planning to take a cut from online product sales made through ChatGPT by integrating a payment checkout system into the chatbot, the Financial Times reported on Wednesday, citing multiple people familiar with the proposals. Merchants that fulfill orders through the payment system will pay a commission to OpenAI, the report said. The move would allow OpenAI to tap a new source of revenue, taking advantage of the heavy user traffic on ChatGPT, in addition to its traditional subscription model. The checkout feature is still in development, but OpenAI and partners such as e-commerce platform Shopify have been presenting early versions of the system to brands and discussing financial terms, the report said. OpenAI and Shopify did not immediately respond to Reuters requests for comment. The two companies had announced a partnership earlier this year, shortly after the AI startup launched an enhanced shopping feature to better display products and reviews, the report added. The Sam Altman-led company currently displays suggested products on ChatGPT through links that take users to online retailers' websites. OpenAI said earlier this year that its annualized revenue run rate surged to $10 billion as of June, up from $5.5 billion in December 2024. The company, however, lost around $5 billion last year. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Sahal Muhammed)

Ringgit closes slightly lower vs US$, stays defensive despite Fed concerns
Ringgit closes slightly lower vs US$, stays defensive despite Fed concerns

The Star

timean hour ago

  • The Star

Ringgit closes slightly lower vs US$, stays defensive despite Fed concerns

KUALA LUMPUR: The ringgit slipped 0.01 per cent against the US dollar at the close, as the local note continued trading on the defensive today, which offered some technical comfort for the ringgit. At 6 pm, the local note was traded at 4.2400/2490 from 4.2395/2440 at Wednesday's close. SPI Asset Management managing partner Stephen Innes said the ringgit is under pressure mainly because of concerns that the United States (US) Federal Reserve (Fed) might keep interest rates higher for longer, as markets reassess the inflation outlook. He added that the US dollar has strengthened recently as investors are becoming less certain that the Fed will cut rates in September. Innes also said that the dollar's recent bid reflected a subtle but growing shift in sentiment, which markets are slowly walking back their conviction that the Fed will cut the interest rate in September. "Sticky core inflation, fueled in part by service-sector dynamics and the slow-burn impact of tariffs, is keeping the Fed in a wait-and-see mode. "The ringgit remains vulnerable to a temporary widening in the US-Malaysia exchange rate spread. This does not necessarily break the broader 4.20-4.30 range, and we are still inside expected bands for now, but it does create a bias for further weakness,' he added. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that the ringgit weakened against the US dollar in the early morning session to 4.2575 in response to the US Consumer Price Index, which continued to increase in June to 2.7 per cent from 2.4 per cent previously. "The latest CPI print appears to give the impression that the Fed may not be inclined to cut the Fed Fund Rate in the upcoming meeting in July. "In a nutshell, the ringgit maintained its narrow-range trade in light of the ongoing uncertainties over the US tariffs,' Mohd Afzanizam said. At the close, the ringgit was traded higher against a basket of major currencies. It strengthened against the British pound to 5.6786/6907 from yesterday's close of 5.7047/7107, improved against the Japanese yen to 2.8508/8569 compared with 2.8702/8734, and was up versus the euro at 4.9248/9352 versus 4.9539/9591. The local note also trended higher against ASEAN currencies. It traded higher vis-a-vis the Singapore dollar at 3.2999/3071 from 3.3095/3133 yesterday, inched up against the Indonesian rupiah to 260.3/260.9 from 260.6/261.0, and strengthened versus the Philippine peso to 7.43/7.45 from 7.47/7.49. It also gained against the Thai baht to 13.0301/0630 from 13.0784/0988. - Bernama

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store