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Time of India
4 days ago
- Business
- Time of India
Spy twist? US allegedly bugged AI chips of Nvidia and AMD bound for China with hidden trackers
US government AI chip tracking to China : The US government is reportedly taking secretive steps to stop high-end AI chips from ending up in China, as per a report. According to anonymous sources cited by Reuters, federal authorities have been placing hidden location trackers inside certain shipments of AI servers and chips. This measure is part of an investigation targeting shipments suspected of being illegally diverted to China, as per the Tom's Hardware report. Is the US Hiding Trackers in AI Chip Shipments to China? These trackers aren't placed on every shipment, but only on those considered 'high risk,' according to the report. Because putting trackers on all shipments would be too costly, authorities focus on targeted shipments believed to be vulnerable, as per the Tom's Hardware report. The devices have been found in shipping containers, inside server packaging, and even built into the racks holding the servers, according to the Tom's Hardware report. Some of these trackers are reportedly as large as smartphones, and have been discovered in equipment from companies like Dell and Super Micro, as per the report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Those involved in smuggling are also aware of the tracking, according to Tom's Hardware. Court documents from a recent smuggling case reveal that suspects have warned each other to watch out for trackers on shipments, as per the report. ALSO READ: French woman sues employer after being paid to do nothing for 20 years, and still got salary Live Events Nvidia Denies Advanced AI Chips Reaching China Meanwhile, Nvidia's CEO Jensen Huang has repeatedly denied that the company's most advanced AI chips are making their way to China, even as reports suggest a billion-dollar black market exists for these chips in East Asia, as reported by Tom's Hardware. Why the US Is Cracking Down on AI Chip Exports to China The US government is keen to slow China's progress in AI because it is considered a 'dual-use technology' that is applicable in both civilian and military purposes, according to the report. Export controls have been placed on the most powerful chips from Nvidia and AMD, with bans on even specific models, especially designed to comply with the initial set of export controls like the Nvidia H20 and AMD MI308, in April 2025, as per the report. While some restrictions have since eased, the most powerful new chips remain off-limits for export to China, according to Tom's Hardware. AMD and Nvidia have even agreed on a deal to share 15% of the sales revenue with the government in exchange for export licenses for their H20 and MI308, as per the report. ALSO READ: Blow to Trump's hopes as he won't like this: Fed's Daly says rate cut unlikely next FAQs Why is the US putting trackers on AI chip shipments? To prevent high-end AI chips from being illegally diverted to China as part of an ongoing investigation. Are all shipments being tracked? No, only high-risk shipments are allegedly targeted due to cost and strategic focus.
Economic Times
4 days ago
- Business
- Economic Times
Spy twist? US allegedly bugged AI chips of Nvidia and AMD bound for China with hidden trackers
US government AI chip tracking to China: The United States government is trying to stop advanced Artificial Intelligence chips from reaching China. Federal authorities are secretly placing trackers in shipments suspected of illegal diversion. These trackers are hidden in containers and server packaging. Smugglers are aware of the tracking efforts. Nvidia's CEO denies advanced chips are reaching China. Tired of too many ads? Remove Ads Is the US Hiding Trackers in AI Chip Shipments to China? Tired of too many ads? Remove Ads Nvidia Denies Advanced AI Chips Reaching China Why the US Is Cracking Down on AI Chip Exports to China FAQs The US government is reportedly taking secretive steps to stop high-end AI chips from ending up in China, as per a report. According to anonymous sources cited by Reuters, federal authorities have been placing hidden location trackers inside certain shipments of AI servers and chips. This measure is part of an investigation targeting shipments suspected of being illegally diverted to China, as per the Tom's Hardware trackers aren't placed on every shipment, but only on those considered 'high risk,' according to the report. Because putting trackers on all shipments would be too costly, authorities focus on targeted shipments believed to be vulnerable, as per the Tom's Hardware devices have been found in shipping containers, inside server packaging, and even built into the racks holding the servers, according to the Tom's Hardware report. Some of these trackers are reportedly as large as smartphones, and have been discovered in equipment from companies like Dell and Super Micro, as per the involved in smuggling are also aware of the tracking, according to Tom's Hardware. Court documents from a recent smuggling case reveal that suspects have warned each other to watch out for trackers on shipments, as per the READ: French woman sues employer after being paid to do nothing for 20 years, and still got salary Meanwhile, Nvidia's CEO Jensen Huang has repeatedly denied that the company's most advanced AI chips are making their way to China, even as reports suggest a billion-dollar black market exists for these chips in East Asia, as reported by Tom's US government is keen to slow China's progress in AI because it is considered a 'dual-use technology' that is applicable in both civilian and military purposes, according to the controls have been placed on the most powerful chips from Nvidia and AMD, with bans on even specific models, especially designed to comply with the initial set of export controls like the Nvidia H20 and AMD MI308, in April 2025, as per the some restrictions have since eased, the most powerful new chips remain off-limits for export to China, according to Tom's Hardware. AMD and Nvidia have even agreed on a deal to share 15% of the sales revenue with the government in exchange for export licenses for their H20 and MI308, as per the READ: Blow to Trump's hopes as he won't like this: Fed's Daly says rate cut unlikely next To prevent high-end AI chips from being illegally diverted to China as part of an ongoing only high-risk shipments are allegedly targeted due to cost and strategic focus.
Yahoo
16-04-2025
- Business
- Yahoo
US stock futures weaker after Nvidia warning due to US export ban
U.S. stock futures are pointing to a lower open, with a warning from chip maker Nvidia weighing on the market. Nvidia said it will record a $5.5 billion charge due to the U.S. export ban on its H20 chip for China. The U.S. government said it would require export licenses for some artificial-intelligence chips made by Nvidia and AMD, including "NVIDIA H20, AMD MI308, and their equivalents." AMD shares also fell on the requirement as well as first-quarter orders that fell below analysts' expectations. The company warned that President Donald Trump's erratic tariff policies were creating uncertainty for the industry and companies were holding back spending. The decline comes after stocks drifted lower on Tuesday as investors remained on edge over tariffs. Even though Trump showed signs of softening his aggressive tariff plan with an exemption last week for smartphones, computers and other electronics and floated a temporary exemption for autos, the administration continues to be amadamant more tariffs are coming soon. At 7:58 a.m. ET, futures tied to the blue-chip Dow index fell 0.02%, ro 10 points, to 40,565.00, while broad S&P 500 futures dropped 0.65%, or 35.25 points, to 5,393.00; and tech-heavy Nasdaq futures slipped 1.27%, 241.50 points, to 18,718.75. More earnings reports are due on Wednesday. Travelers, U.S. Bancorp, Abbott Labs, and Citizens Financial are among the companies are slated to report results. Investors will also get to see March retail sales data. Economists polled by Dow Jones expect, on average, a 1.2% increase, up from a 0.2% increase in February. Lately, survey data have shown consumers growing increasingly gloomy about the economy and inflation so investors will be looking to see if that poor outlook has translated into less spending. United Airlines reported adjusted earnings in the first three months of the year that topped analysts' forecasts. J.B. Hunt Transport Services' results in the first quarter beat analysts' expectations. Interactive Brokers missed earnings forecasts in the first three months of the year. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday. This article originally appeared on USA TODAY: US stock futures drop after Nvidia warning due to US export ban Sign in to access your portfolio
USA Today
16-04-2025
- Business
- USA Today
US stock futures weaker after Nvidia warning due to US export ban
US stock futures weaker after Nvidia warning due to US export ban Show Caption Hide Caption JPMorgan's stock traders see record revenue in Q1 JPMorgan Chase's stock traders took in a record haul in the first quarter as the biggest US bank boosted equities markets revenue 48% to $3.81 billion. Sonali Basak reports on Bloomberg Television. Bloomberg U.S. stock futures are pointing to a lower open, with a warning from chip maker Nvidia weighing on the market. Nvidia said it will record a $5.5 billion charge due to the U.S. export ban on its H20 chip for China. The U.S. government said it would require export licenses for some artificial-intelligence chips made by Nvidia and AMD, including "NVIDIA H20, AMD MI308, and their equivalents." AMD shares also fell on the requirement as well as first-quarter orders that fell below analysts' expectations. The company warned that President Donald Trump's erratic tariff policies were creating uncertainty for the industry and companies were holding back spending. The decline comes after stocks drifted lower on Tuesday as investors remained on edge over tariffs. Even though Trump showed signs of softening his aggressive tariff plan with an exemption last week for smartphones, computers and other electronics and floated a temporary exemption for autos, the administration continues to be amadamant more tariffs are coming soon. At 7:58 a.m. ET, futures tied to the blue-chip Dow index fell 0.02%, ro 10 points, to 40,565.00, while broad S&P 500 futures dropped 0.65%, or 35.25 points, to 5,393.00; and tech-heavy Nasdaq futures slipped 1.27%, 241.50 points, to 18,718.75. More earnings reports are due on Wednesday. Travelers, U.S. Bancorp, Abbott Labs, and Citizens Financial are among the companies are slated to report results. Investors will also get to see March retail sales data. Economists polled by Dow Jones expect, on average, a 1.2% increase, up from a 0.2% increase in February. Lately, survey data have shown consumers growing increasingly gloomy about the economy and inflation so investors will be looking to see if that poor outlook has translated into less spending. Corporate news United Airlines reported adjusted earnings in the first three months of the year that topped analysts' forecasts. J.B. Hunt Transport Services' results in the first quarter beat analysts' expectations. Interactive Brokers missed earnings forecasts in the first three months of the year. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
