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Time of India
2 days ago
- Business
- Time of India
Arm CEO warns on US export restrictions to China: ‘If you narrow access to technology…'
Representative Image Arm CEO Rene Haas has joined a growing list of tech leaders, including Nvidia 's Jensen Huang warning against the impact of US export restrictions on China. For those unaware, the US imposed a new rule in April that banned exports of advanced data centre chips to China. Speaking at the Founders Forum Global conference in Oxford on Thursday, June 12, Haas said that the controls could hinder global technological progress and harm both companies and consumers. In the interview with Bloomberg, he said 'If you narrow access to technology and you force other ecosystems to grow up, it's not good'. 'It makes the pie smaller, if you will. And frankly, it's not very good for consumers,' he added. Hass's comments echoed Nvidia's Huang who last month warned that US companies are losing ground while Chinese firms like Huawei gain strength. 'The Chinese competitors have evolved,' Huang then said. 'Huawei has become quite formidable.' What the US export rules say The latest rules targeted Nvidia's H20 chip — the main product the company had specifically designed to meet earlier US regulatory requirements. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Deze elektrische SUV is slimmer dan je denkt. Ontdek het zelf. Meer informatie Undo Under the new regulations, even chips like the H20, which were previously cleared for sale in China, are now restricted because they still offer computing power considered too advanced. The U.S. government has said the measures aim to prevent China's military from accessing cutting-edge AI technology. Semiconductor executives worry that the US policy of limiting chip exports could backfire. Critics argue that such bans will push China to rapidly build its own tech industry, weakening the position of US companies globally. The curbs have cost Nvidia an estimated $8 billion in revenue this quarter alone. What Nvidia says Nvidia had said that the new export controls would impact its business significantly, warning of a $5.5 billion hit to revenue. Despite these setbacks, Nvidia continues to explore ways to maintain its presence in the Chinese market while staying within regulatory limits. As per The Information report, Nvidia has told customers that a sample of the new chip will be available as soon as June. The company is also working on a China-specific version of its latest-generation AI chip, Blackwell. Android 16 IS HERE! Live Notifications, Tablet Desktop Mode & MORE!
Bloomberg
2 days ago
- Automotive
- Bloomberg
BYD Says EV Price War in China Not Sustainable
BYD Co. Executive Vice President Stella Li discusses competition in the electric vehicle industry, telling Bloomberg's Tom Mackenzie that the price war in China is not sustainable. They speak on the sidelines of the Founders Forum Global conference in England. (Source: Bloomberg)
Yahoo
2 days ago
- Business
- Yahoo
Cathie Wood Says Trump Era Is Reviving Corporate Risk Appetite
(Bloomberg) — Corporate America is regaining its appetite for risk as expectations build around Donald Trump's push for deregulation and tax cuts, according to ARK Investment Management founder Cathie Wood. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban NY Long Island Rail Service Resumes After Grand Central Fire Do World's Fairs Still Matter? Speaking on Bloomberg's Trumponomics podcast during the Founders Forum Global conference in Oxford, Wood said major US firms are ramping up capital spending in response to a more business-friendly policy outlook. She cited Meta Platforms Inc.'s (META) reported investment in the AI startup Scale AI as one sign of that shift. 'We are seeing massive capital spending out of these companies,' she said. Wood argued that the dominance of megacap tech stocks in recent years reflected a flight to safety, as investors favored firms that were hoarding cash amid regulatory uncertainty by the Biden administration. That mindset, she said, appears to be fading. 'The investor base in those companies — they were looking for safety,' she said, speaking alongside Bloomberg Editor-in-Chief John Micklethwait. 'This doesn't feel as safe any more. So I think there's a rebalancing.' ARK's $6.3 billion Innovation ETF, which focuses on so-called disruptive technologies, is up nearly 12% this year, outpacing the S&P 500 (^GSPC). Still, the fund has underperformed the broader market over a longer horizon. Wood reiterated her bullish stance on Tesla Inc. (TSLA), the ETF's largest holding, calling it 'the largest AI project on earth' due to its autonomous driving ambitions. ARK has added to its Tesla stake after trimming it earlier this year. While high equity valuations have prompted some rotation out of US stocks, Wood said the dollar may resume its long-term rally as corporate risk-taking returns. American Mid: Hampton Inn's Good-Enough Formula for World Domination New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy 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
Yahoo
2 days ago
- Business
- Yahoo
Netflix Flags WBD Split as Media Shakeout Sign
Netflix (NASDAQ:NFLX) frames Warner Bros. Discovery's (NASDAQ:WBD) two-way split as a clear signal of a U.S. media shakeout driven by streaming's rise and linear TV's decline. Warning! GuruFocus has detected 6 Warning Signs with BA. In an on-stage Bloomberg interview at the Founders Forum Global conference, co-CEO Greg Peters said everything in entertainment is moving to streamingeverything is moving to on demand, and that legacy players have to rationalize their business for that reality. Peters noted there's inevitable logic to further mergers among traditional networks as they adapt to subscriber-first models. On Monday, WBD unveiled plans to carve itself into two standalone entitiesone for streaming and another for linear networksmirroring November's Comcast (NASDAQ:CMCSA) decision to spin off NBCUniversal's TV channels into Versant, a separate public vehicle. Credit-rating firms Fitch, Moody's and S&P all slapped junk status on WBD this week following the split announcement, underscoring investor concern over rising debt and restructuring costs. Netflix shares ticked up 1.35% in premarket trading, reflecting relief that the industry leader is doubling down on its direct-to-consumer franchise while rivals grapple with legacy burdens. Investors should note that as traditional media companies shed fixed costs and realign toward on-demand services, subscriber growth and content ROI will come under fresh streaming's dominance crystalizing broader M&A and debt-restructuring trends, the next phase of industry reshaping hinges on Netflix's ability to sustain high-margin growth even as peers pursue consolidation. 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
Yahoo
2 days ago
- Business
- Yahoo
Netflix Flags WBD Split as Media Shakeout Sign
Netflix (NASDAQ:NFLX) frames Warner Bros. Discovery's (NASDAQ:WBD) two-way split as a clear signal of a U.S. media shakeout driven by streaming's rise and linear TV's decline. Warning! GuruFocus has detected 6 Warning Signs with BA. In an on-stage Bloomberg interview at the Founders Forum Global conference, co-CEO Greg Peters said everything in entertainment is moving to streamingeverything is moving to on demand, and that legacy players have to rationalize their business for that reality. Peters noted there's inevitable logic to further mergers among traditional networks as they adapt to subscriber-first models. On Monday, WBD unveiled plans to carve itself into two standalone entitiesone for streaming and another for linear networksmirroring November's Comcast (NASDAQ:CMCSA) decision to spin off NBCUniversal's TV channels into Versant, a separate public vehicle. Credit-rating firms Fitch, Moody's and S&P all slapped junk status on WBD this week following the split announcement, underscoring investor concern over rising debt and restructuring costs. Netflix shares ticked up 1.35% in premarket trading, reflecting relief that the industry leader is doubling down on its direct-to-consumer franchise while rivals grapple with legacy burdens. Investors should note that as traditional media companies shed fixed costs and realign toward on-demand services, subscriber growth and content ROI will come under fresh streaming's dominance crystalizing broader M&A and debt-restructuring trends, the next phase of industry reshaping hinges on Netflix's ability to sustain high-margin growth even as peers pursue consolidation. This article first appeared on GuruFocus. Sign in to access your portfolio
