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Bloomberg: The China Show 06/09/2025

Bloomberg: The China Show 06/09/2025

Bloomberg4 days ago

'Bloomberg: The China Show' is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and Stephen Engle give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)

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Rachel Reeves 'a gnat's whisker' from having to raise taxes, says IFS
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Rachel Reeves 'a gnat's whisker' from having to raise taxes, says IFS

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Arm (NASDAQ:ARM) CEO Rene Haas is joining a growing chorus of semiconductor leaders warning that U.S. export restrictions on China could backfirehurting not just American chipmakers, but consumers and the entire pace of global innovation. Speaking at the Founders Forum Global in Oxford, Haas said that forcing China to build alternative ecosystems doesn't just isolate themit shrinks the market opportunity for everyone. It makes the pie smaller, he said, adding that Arm's own exposure to China is quite significant. His view echoes recent remarks from Nvidia (NASDAQ:NVDA) CEO Jensen Huang, who has been increasingly vocal about the consequences of these export bans. Warning! GuruFocus has detected 3 Warning Signs with ARM. Nvidia is already seeing the fallout. The company expects to lose around $8 billion in Chinese revenue this quarter alone after the U.S. tightened curbs on data center chip exports. Huang said in an April interview that Chinese AI firms are stepping in fast to fill the gap. The Chinese competitors have evolved, he noted, calling Huawei a formidable player. With Nvidia no longer selling its top AI chips to China, homegrown rivals are gaining momentum. While Arm and Nvidia once explored a merger, they now compete head-to-head in high-performance computing, with Arm claiming a unique edge across both large-scale data centers and low-power edge devices like earbuds. Despite the escalating rhetoric, there may be a thaw underway. Washington and Beijing just concluded a new round of trade negotiations, and Donald Trump declared a deal was DONE to restore rare metal exports from China. U.S. Commerce Secretary Howard Lutnick added that some tech curbs could be rolled back in return. Behind the scenes, Haas said his time in Washington has surged in the past 18 months, as Arm works to ensure policymakers understand what's at stake. The current administration has a lot of smart people connected to our industry, he said, signaling a willingness to engagebut also a growing urgency to shift course. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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