Latest news with #H20
Qatar Tribune
30 minutes ago
- Automotive
- Qatar Tribune
Nvidia to resume H20 chip sales to China
Agencies U.S. tech giant Nvidia said on Tuesday it planned to resume sales of its H20 artificial intelligence chips to China soon, citing Washington's pledge to remove licensing curbs that had halted 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 on Tuesday that it was 'filing applications to sell the Nvidia H20 GPU again.' 'The U.S. 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 on Tuesday that 'the U.S. 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 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 Agence France-Presse (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 on Wednesday, the event organizer confirmed to AFP. It will be his third trip to China this year, according to CCTV. China is a crucial market for Nvidia, but in recent years, the U.S. 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 Xinhua News Agency. He said he was 'willing to continue to plough deeply into the Chinese market and play a positive role in promoting U.S.-China trade cooperation,' Xinhua reported. The tightened U.S. export curbs have come as China's economy wavers, with domestic consumers reluctant to spend and a prolonged property sector crisis weighing on growth. Chinese 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% in the second quarter of the year, official data showed on Tuesday, after analysts predicted strong exports despite trade war pressures.
Newsweek
33 minutes ago
- Automotive
- Newsweek
Nvidia in for Big Win in China Amid US Tech War
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Nvidia says it expects U.S. government approval to export advanced artificial intelligence (AI) chips to the Chinese market. The green light would be a breakthrough for the chipmaker after months of navigating controls on semiconductor technology aimed at slowing China's progress on AI technologies with military applications. Newsweek reached out to the White House via written request for comment. Why It Matters China is a critical market for Nvidia, accounting for about 15.5 percent of its business as of April. That month, the White House said a special license would be required to export Nvidia's H20 GPU—a chip widely viewed as having contributed to the development of the Chinese AI model DeepSeek. Just days later, U.S. President Donald Trump said delivery of "all necessary permits" would be expedited after the tech giant announced a $500 billion investment in supercomputer production in the U.S. What To Know Nvidia's new chips, including the Blackwell series and a repurposed H20, are designed to comply with U.S. export rules, the company has said. CEO Jensen Huang continued his public relations offensive last week in Washington, D.C. Jensen Huang, cofounder and CEO of Nvidia Corp., attends the VivaTech trade show in Paris on June 11. Jensen Huang, cofounder and CEO of Nvidia Corp., attends the VivaTech trade show in Paris on June 11. Getty Images In meetings with policymakers and Trump, Huang pledged that Nvidia remained committed to the administration's efforts to create jobs and bolster onshore manufacturing and domestic AI infrastructure, the company said in a statement published Monday. The government has given assurances that licenses to sell the H20 GPU would be granted, Nvidia said, adding that it hopes to resume deliveries soon. "General-purpose, open-source research and foundation models are the backbone of AI innovation. We believe that every civil model should run best on the U.S. technology stack, encouraging nations worldwide to choose America," Huang said. Nvidia shares closed at a record $170.70 on Tuesday after rising more than 4 percent in early trading. What People Have Said Lin Jian, Chinese Foreign Ministry spokesperson, said during Tuesday's press briefing: "I would like to point out that China's opposition to politicizing, instrumentalizing and weaponizing tech and trade issues and malicious attempts to blockade and keep down China is consistent and clear. These actions will destabilize the global industrial and supply chains, and serve no one's interests." Lia Holmgren, independent trader and trading coach, wrote on X: "$NVDA does it again, this move is unreal. Another all-time high today, and the stock tacked on $200B in market cap like it was nothing. Nvidia's now worth $4.1 trillion, that's 3.6 percent of global GDP." What's Next The resumption of H20 chip exports could unlock billions in revenue for Nvidia, currently the world's largest company by market cap, and shape the contours of the global AI industry, projected to be worth $50 billion by the end of the decade.
Mint
an hour ago
- Business
- Mint
Nvidias resumption of AI chips to China is part of rare earths talks, says US
By Jarrett Renshaw and Karen Freifeld WASHINGTON/BEIJING/HONG KONG -Nvidia's planned resumption of sales of its H20 AI chips to China is part of U.S. negotiations on rare earths, Commerce Secretary Howard Lutnick said on Tuesday, and comes days after its CEO met President Donald Trump. "We put that in the trade deal with the magnets," Lutnick told Reuters, referring to an agreement Trump made to restart rare earth shipments to U.S. manufacturers. He did not provide additional detail. Nvidia said late on Monday that it is filing applications with the U.S. government to resume sales to China of its H20 graphics processing unit, and has been assured by the U.S. it will get the licences soon. The planned resumption is a reversal of an export restriction imposed in April that is designed to keep the most advanced AI chips out of Chinese hands over national security concerns, an issue that has found rare bipartisan support. It drew swift questions and criticism from U.S. legislators on Tuesday. The decision "would not only hand our foreign adversaries our most advanced technologies, but is also dangerously inconsistent with this Administration's previously-stated position on export controls for China," Democratic Representative Raja Krishnamoorthi, ranking member of the House of Representatives Select Committee on China, said in a statement. Republican John Moolenaar, chair of that committee, said in a statement he would seek "clarification" from the Commerce Department. "The H20 is a powerful chip that, according to our bipartisan investigation, played a significant role in the rise of PRC AI companies like DeepSeek," Moolenaar said, referring to a Chinese startup that claims to have built AI models at a fraction of the cost paid by U.S. firms such as OpenAI. "It is crucial that the U.S. maintain its lead and keep advanced AI out of the hands of the CCP." Shares of Nvidia, the world's most valuable firm, closed up 4% and were nearly unchanged in after-market trading. Nvidia had estimated that the curbs would cut its revenue by $15 billion. Nvidia's plan to resume sales has set off a scramble at Chinese firms to buy H20 chips, two sources told Reuters. The chips that Nvidia will resume selling are the best it can legally offer in China but lack much of the computing power of the versions for sale outside of China because of previous restrictions put in place by Trump's first administration and then President Joe Biden's administration. But critically, H20 chips work with Nvidia's software tools, which have become a de facto standard in the global AI industry. CEO Jensen Huang, who is visiting Beijing and set to speak at an event on Wednesday, has argued that Nvidia's leadership position could slip away if the company cannot sell to Chinese developers being courted by Huawei Technologies with chips produced in China. The significance of the shift depends on the volume of H20 chips that the U.S. allows to be shipped to China, said Divyansh Kaushik, an AI expert at Beacon Global Strategies, a Washington-based advisory firm. "If China is able to get a million H20 chips, it could significantly narrow, if not overtake, the U.S. lead in AI," he said. "The Chinese market is massive, dynamic, and highly innovative, and it's also home to many AI researchers," Huang told Chinese state broadcaster CCTV on Tuesday. China generated $17 billion in revenue for Nvidia in the fiscal year ending January 26, or 13% of total sales, based on its latest annual report. Internet giants ByteDance and Tencent are also in the process of submitting applications for H20 chips, the sources familiar with the matter said. Central to the process is an approved list put together by Nvidia for Chinese companies to register for potential purchases, one of the sources said. ByteDance and Tencent did not respond to a request for comment. Nvidia declined to comment on the approved list system. Asked at a regular foreign ministry briefing in Beijing about Nvidia's plans to resume AI chip sales, a spokesperson said: "China is opposed to the politicisation, instrumentalisation and weaponisation of science, technology and economic and trade issues to maliciously blockade and suppress China." China halted exports of rare earths in March following a trade spat with Trump that has showed some signs of easing. It dominates the market for rare earths, a group of 17 metals used in cellphones, weapons, electric vehicles, and more. Huang's visit is being closely watched in both China and the United States, where a bipartisan pair of senators last week sent the CEO a letter asking him to abstain from meeting companies working with military or intelligence bodies. The senators also asked Huang to refrain from meeting with entities named on the United States' restricted export list. Rival AI chipmaker AMD also said the Department of Commerce would review its licence applications to export its MI308 chips to China; it plans to resume those shipments when licences are approved, it said. Its shares gained 7% in trading on Tuesday. This article was generated from an automated news agency feed without modifications to text.
Hamilton Spectator
an hour ago
- Business
- Hamilton Spectator
S&P/TSX composite down amid fresh inflation data in Canada and the U.S.
TORONTO - Canada's main stock index fell more than 140 points to finish trading Tuesday, while U.S. stock markets were mixed as investors saw fresh inflation data from both countries. The S&P/TSX composite index was down 144.71 points at 27,054.14. In New York, the Dow Jones industrial average was down 436.36 points at 44,023.29. The S&P 500 index was down 24.80 points at 6,243.76, while the Nasdaq composite was up 37.47 points at 20,677.80. 'Generally, markets have been pretty cautious with all the trade tensions heating up again,' said Kim Inglis, a senior portfolio manager at Raymond James, in an interview. Stocks also felt pressure from a report showing inflation in the United States accelerated to 2.7 per cent last month from 2.4 per cent in May. Economists pointed to increases in prices for clothes, toys and other things that tend to get imported from other countries. The latest U.S. inflation update hurt Wall Street's hopes for lower interest rates. Inflation data from Statistics Canada released Tuesday showed Canada's annual pace of inflation accelerated to 1.9 per cent in June. 'Inflation is obviously something everybody's looking at in general, because there's a lot of concern that the ongoing trade, tariff situation will end up impacting that,' Inglis said. Trade tensions are also something impacting the performance of the TSX, she said. 'Even with regards to the tariffs, this is something that would weigh on the Canadian markets for sure. And Prime Minister Carney came out and said that it's unlikely that Canada is going to have a trade deal with the U.S. that's going to be completely tariff-free,' she said. 'There are some negative headlines there that are going to impact things overall in terms of sentiment for the day.' A trade deal with the United States will likely include some tariffs, Prime Minister Mark Carney indicated on Tuesday ahead of a meeting with his cabinet. On Wall Street, tech stocks were the outliers and rose after Nvidia said the U.S. government had assured it that licenses will be granted for its H20 chip again and that deliveries will hopefully begin soon. Nvidia's four per cent gain was by far the strongest force pushing upward on the S&P 500. 'In general, there's so much interest in AI, and AI is really showing up in all areas of our lives. It's becoming something that's being inserted into virtually every product these days,' Inglis said. 'So I don't think that there is going to be any sort of slowing with that. The demand is there for AI, investments are pouring into AI to build that out.' Stocks of big U.S. banks, meanwhile, were mixed following their latest earnings reports. JPMorgan Chase slipped 0.7 per cent despite reporting a stronger profit than analysts expected, as CEO Jamie Dimon warned of risks to the economy because of tariffs and other concerns. Citigroup rose 3.7 per cent following its better-than-expected profit report. But Wells Fargo fell 5.5 per cent following its own, as it trimmed its forecast for an important way that it makes money. The Canadian dollar traded for 72.94 cents US compared with 73.03 cents US on Monday. The September crude oil contract was down 44 cents US at US$65.37 per barrel. The August gold contract was down US$22.40 at US$3,336.70 an ounce. This report by The Canadian Press was first published July 15, 2025. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Note to readers:This is a corrected story. A previous version had an incorrect settle price for crude oil.
Japan Today
an hour ago
- Business
- Japan Today
Nvidia's CEO says it has U.S. approval to sell its H20 AI computer chips in China
By ELAINE KURTENBACH Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used to develop artificial intelligence to China. The news came in a company blog post late Monday and Huang also spoke about the coup on China's state-run CGTN television network in remarks shown on X. 'The U.S. government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,' the post said. 'Today, I'm announcing that the U.S. government has approved for us filing licenses to start shipping H20s,' Huang told reporters in Beijing. He noted that half of the world's AI researchers are in China. 'It's so innovative and dynamic here in China that it's really important that American companies are able to compete and serve the market here in China,' he said. Huang recently met with Trump and other U.S. policymakers and this week is in Beijing to attend a supply chain conference and speak with Chinese officials. The broadcast showed Huang meeting with Ren Hongbin, the head of the China Council for Promotion of International Trade, host of the China International Supply Chain Expo, which Huang was attending. Nvidia is an exhibitor. Nvidia has profited enormously from rapid adoption of AI, becoming the first company to have its market value surpass $4 trillion last week. However, the trade rivalry between the U.S. and China has been weighing heavily on the industry. Washington has been tightening controls on exports of advanced technology to China for years, citing concerns that know-how meant for civilian use could be deployed for military purposes. The emergence of China's DeepSeek AI chatbot in January renewed concerns over how China might use the advanced chips to help develop its own AI capabilities. In January, before Trump began his second term in office, the administration of President Joe Biden launched a new framework for exporting advanced computer chips used to develop artificial intelligence, an attempt to balance national security concerns about the technology with the economic interests of producers and other countries. The White House announced in April that it would restrict sales of Nvidia's H20 chips and AMD's MI308 chips to China. Nvidia had said the tighter export controls would cost the company an extra $5.5 billion, and Huang and other technology leaders have been lobbying President Donald Trump to reverse the restrictions. They argue that such limits hinder U.S. competition in a leading edge sector in one of the world's largest markets for technology. They've also warned that U.S. export controls could end up pushing other countries toward China's AI technology. AP researcher Yu Bing in Beijing contributed. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
