Latest news with #H20chip
Tahawul Tech
21-07-2025
- Business
- Tahawul Tech
Nvidia faces push-back on shipment to China
The chair of a House of Representatives panel on China voiced his opposition to Nvidia resuming sales of its H20 chip to Beijing despite recent assurances the company recieved from US authorities. Republican representative John Moolenaar, the chair of the House of Representatives' select committee on the Chinese communist party (CDP), stated in his letter to Lutnick on 18 July he still supports the original ban. Nvidia reconfigured its high-end offerings for China following US export controls on AI chips introduced in October 2023 during President Joe Biden's administration. The H20 GPU was the top performing chip prior to export restrictions. Last week the chipmaker received assurances from US authorities it can resume selling the chip, which could be a financial windfall for Nvidia. 'The Commerce Department made the right call in banning the H20. Now it must hold the line', Moolenaar wrote. 'We can't let the CCP use American chips to train AI models that will power its military, censor its people, and undercut American innovation.' Moolenaar stated in his letter he seeks a briefing with the Department of Commerce 'as soon as possible,' but no later than 8 August. Source: Mobile World Live Image Credit: Nvidia
Yahoo
16-07-2025
- Business
- Yahoo
Piper sees H20 ban hurting Nvidia sales by $8B in July quarter
Piper Sandler keeps an Overweight rating on Nvidia (NVDA) after the company said it expects to be granted licenses to resume H20 chip sales to China. During the April quarter, the company posted $4.6B in sales for H20 and left an additional $2.5B on the table due to the ban, the analyst tells investors in a research note. Piper says the estimated impact from the ban in the July quarter was around $8B in sales. It suspects strong demand for these chips would have continued should the ban not been in place. The merchant artificial intelligence companies alongside Nvidia, namely Micron (MU) and AMD (AMD), would benefit from the lifting of this ban, contends Piper. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on NVDA: Disclaimer & DisclosureReport an Issue Nvidia price target raised to $195 from $160 at DZ Bank Notable open interest changes for July 15th Video: Nvidia, AMD jump as shipments to China expected to resume Eaton, Nvidia collaborate on power infrastructure in artificial intelligence Nvidia price target raised to $235 from $205 at Melius Research Sign in to access your portfolio
CTV News
16-07-2025
- Automotive
- CTV News
Nvidia CEO downplays role in lifting U.S. ban on chip sales to China
CEO of Nvidia Jensen Huang speaks during a press conference at the Mandarin Oriental Qianmen after attending the third China International Supply Chain Expo, in Beijing, Wednesday, July 16, 2025. (AP Photo/Andy Wong) BEIJING — The head of Nvidia downplayed his role in getting the U.S. government to lift a ban on selling an advanced computer chip in China and said it will take time to ramp up production once orders for the AI-processor come in. CEO Jensen Huang, speaking Wednesday in the Chinese capital Beijing, was upbeat about the prospects for the H20 chip, which was designed to meet U.S. restrictions on technology exports to China but nonetheless blocked in April. He met U.S. President Donald Trump before his trip and his company announced this week it had received assurances that sales to China would be approved. 'I don't think I changed his mind,' Huang told a cluster of journalists, many of whom asked for his autograph or to take selfies with him. A carefully organized press conference at a luxury hotel descended into a crowd scene when Huang arrived in his trademark leather jacket and started taking questions randomly in his characteristic casual style. Export controls and tariffs were something companies must adapt to in a world he said was reconfiguring itself. He described his role as informing governments in the U.S. and elsewhere of the nature and unintended consequences of their policies. The decision to lift the ban on the H20 chip was entirely in the hands of the American and Chinese governments and whatever trade talks they had, he said. 'We can only influence them, inform them, do our best to provide them with facts,' Huang said. 'And then beyond that is out of our control.' Nvidia said in April that sales restrictions on its chip in China on national security grounds would cost the company US$5.5 billion. The White House also blocked a chip from Advanced Micro Devices. Both companies say the Commerce Department is now moving forward with license applications to export them to China. Huang said his company would likely be able to recover some of its losses but it's unclear how much. That will depend on how many H20 orders are received and how quickly Nvidia can meet the demand. 'I think that H20 is going to be very successful here,' he said, noting the chip's memory bandwidth makes it a good fit for the AI models being developed by Chinese companies such as DeepSeek and Alibaba. Huang also touted the release of a new RTX Pro graphics chip that he said would power the development of humanoid robots. He described robotic systems with teams of robots working alongside people as the next wave in AI. 'Because there's so much robotics innovation going on and so much smart factory work being done here and the supply chain is so vast, RTX Pro is perfect,' he said. Ken Moritsugu, The Associated Press
Tahawul Tech
15-07-2025
- Automotive
- Tahawul Tech
Nvidia to receive a license to sell in China
Nvidia recently revealed the company has received assurances from the US that it will be given a licence to resume sales of its H20 chip in China. The company is currently in the process of filing the relevant applications with the hope being that deliveries to customers would commence soon. Nvidia reportedly saw a surge in demand for the H20 chip from China's tech giants in February 2025. It was its highest spec offering available in the market and at the time wasn't subject to the same export restrictions as higher-end products. However, in April the company was informed export of the chip to countries under curbs would require a licence due to a perceived risk it could be used in a supercomputer in China. The restriction led to the tech giant taking a $5.5 billion hit in its financial results. The revelation sales are set to commence shortly was made in an Nvidia notice rounding-up CEO Jensen Huang's recent visit to Beijing and meetings in Washington DC. In the update it also announced the Nvidia RTX pro GPU, a chip 'fully compliant' with curbs Huang noted was 'ideal for digital twin AI for smart factories and logistics'. Nvidia noted while in China the executive discussed how AI can 'raise productivity and expand opportunity' while US meetings Huang pledged support to drives to push the country as a global AI leader. Source: Mobile World Live Image Credit: Nvidia
Bloomberg
15-07-2025
- Business
- Bloomberg
China Chips Reversal, EU Targets Boeing, US Cars & Bourbon
Nvidia plans to resume sales of its H20 AI chip in China after securing Washington's assurances that such shipments would get approved, a dramatic reversal from the Trump administration's earlier stance on measures designed to limit Beijing's AI ambitions. US government officials told Nvidia they would green-light export licenses for the H20 artificial intelligence accelerator, the company said in a blog post on Monday — a move that may add billions to Nvidia's revenue this year, restoring its ability to fulfill orders it had written off as lost due to government restrictions. Today's guests: Arend Kapteyn, UBS Investment Bank Global Head of Economics & Strategy Research, Amanda van Dyke, Critical Minerals Hub Co-Founder and Managing Director, Francesca Ghiretti, RAND Europe China Initiative Director (Source: Bloomberg)
