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The Star
2 days ago
- Business
- The Star
Nvidia to pay US 15% of AI chip sales to China: reports
WASHINGTON: US semiconductor giants Nvidia and Advanced Micro Devices have agreed to pay the United States government 15 percent of their revenue from selling artificial intelligence chips to China, according to media reports Sunday. Nvidia CEO Jensen Huang met with US President Donald Trump at the White House on Wednesday and agreed to give the federal government the cut from its revenues, a highly unusual arrangement in the international tech trade, according to reports in the Financial Times, Bloomberg and New York Times. AFP was not able to immediately verify the reports. Investors are betting that AI will transform the global economy, and last month Nvidia – the world's leading semiconductor producer – became the first company ever to hit US$4 trillion (RM16.9 trillion) in market value. The California-based firm has, however, become entangled in trade tensions between China and the United States, which are waging a heated battle for dominance to produce the chips that power AI. The US has been restricting which chips Nvidia can export to China on national security grounds. Nvidia said last month that Washington had pledged to let the company sell its "H20" chips to China, which are a less powerful version the tech giant specifically developed for the Chinese market. The Trump administration had not issued licenses to allow Nvidia to sell the chips before the reported White House meeting. On Friday, however, the Commerce Department started granting the licenses for chip sales, the reports said. Silicon Valley-based Advanced Micro Devices (AMD) will also pay 15 percent of revenue on Chinese sales of its MI308 chips, which it was previously barred from exporting to the country. The deal could earn the US government more than US$2bil (RM8.4bil), according to the New York Times report. The move comes as the Trump administration has been imposing stiff tariffs, with goals varying from addressing US trade imbalances, wanting to reshore manufacturing and pressuring foreign governments to change policies. A 100 percent tariff on many semiconductor imports came into effect last week, with exceptions for tech companies that announce major investments in the United States. – AFP
New Straits Times
21-07-2025
- Business
- New Straits Times
Silver Ridge shares climb to 22.5 sen after securing new contract
KUALA LUMPUR: Ace Market-listed Silver Ridge Holdings Bhd emerged as one of the most actively traded counters at the opening after its 51 per cent-owned subsidiary secured a RM16.9 million contract for the installation of underground cables. The subsidiary, Total SR Web 3.0 Sdn Bhd, will be involved in the installation of IIKV aluminium XLPE cables and accessories for Elektron Berkat Sdn Bhd's asset development for all zones of the distribution network division. At 10 am, shares of the telecommunication system architecture and design company rose 2.5 sen to 22.5 sen, with 21.08 million shares traded.
Malaysian Reserve
18-07-2025
- Business
- Malaysian Reserve
Fisheries sector records 7.1 per cent growth, contributes RM11.8bil to 2024 GDP
THE national fisheries sector recorded a 7.1 per cent growth in output in 2024, with total production reaching 1.91 million tonnes compared to 1.79 million tonnes the previous year. The Department of Fisheries Malaysia (DOF), in a statement today, said the sector contributed RM11.8 billion to the Gross Domestic Product (GDP), accounting for 0.7 per cent of the national GDP, with the annual growth rate increasing to 2.9 per cent. 'The overall value of the fisheries sector rose from RM16.5 billion in 2023 to RM16.9 billion in 2024, representing a 2.5 per cent growth,' the statement said. According to DOF, the increase in output was driven by the capture fisheries subsector, which recorded landings of 1.39 million tonnes, a 9.6 per cent increase from 2023. Of this total, coastal fisheries contributed 1.18 million tonnes; deep-sea fisheries, 210,000 tonnes; and inland fisheries, 9,652 tonnes. As for the aquaculture subsector, DOF reported a moderate increase in production to 511,000 tonnes, compared to 506,000 tonnes the previous year. Despite a slight decline in seaweed production, freshwater and brackish water aquaculture saw growth of 5.7 per cent and two per cent, respectively. In the ornamental fish and aquatic plant subsector, DOF stated that production dropped to 209 million ornamental fish and 21 million bundles of aquatic plants. On international trade, DOF reported that Malaysia's fisheries exports were valued at RM4.02 billion, while imports reached RM6.35 billion. 'Major export destinations included China, Vietnam and Thailand, with the main products consisting of fresh, chilled and frozen goods based on the specific demands of each market,' the statement added. DOF said the fisheries sector involves a large labour force, including around 106,000 fishermen and 16,873 active aquaculture operators nationwide. Commenting on the sector's performance, Fisheries director-general Datuk Adnan Hussain said it reflects the sector's resilience and steady performance, with a significant contribution to national food security, coastal economic development and public well-being. — BERNAMA
Barnama
18-07-2025
- Business
- Barnama
Fisheries Sector Records 7.1 Pct Growth, Contributes RM11.8 Bln To 2024 GDP
PUTRAJAYA, July 18 (Bernama) -- The national fisheries sector recorded a 7.1 per cent growth in output in 2024, with total production reaching 1.91 million tonnes compared to 1.79 million tonnes the previous year. The Department of Fisheries Malaysia (DOF), in a statement today, said the sector contributed RM11.8 billion to the Gross Domestic Product (GDP), accounting for 0.7 per cent of the national GDP, with the annual growth rate increasing to 2.9 per cent. 'The overall value of the fisheries sector rose from RM16.5 billion in 2023 to RM16.9 billion in 2024, representing a 2.5 per cent growth,' the statement said. According to DOF, the increase in output was driven by the capture fisheries subsector, which recorded landings of 1.39 million tonnes, a 9.6 per cent increase from 2023. Of this total, coastal fisheries contributed 1.18 million tonnes; deep-sea fisheries, 210,000 tonnes; and inland fisheries, 9,652 tonnes. As for the aquaculture subsector, DOF reported a moderate increase in production to 511,000 tonnes, compared to 506,000 tonnes the previous year. Despite a slight decline in seaweed production, freshwater and brackish water aquaculture saw growth of 5.7 per cent and two per cent, respectively. In the ornamental fish and aquatic plant subsector, DOF stated that production dropped to 209 million ornamental fish and 21 million bundles of aquatic plants. On international trade, DOF reported that Malaysia's fisheries exports were valued at RM4.02 billion, while imports reached RM6.35 billion.
