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New York Post
15-07-2025
- Automotive
- New York Post
Nvidia CEO Jensen Huang can resume AI chip sales to China after Trump meeting
Nvidia will resume sales of its H20 AI chips to China after CEO Jensen Huang met with President Donald Trump in the White House last week in an effort to convince him to remove export controls that had hamstrung the company. The Trump administration has assured Nvidia that licenses to export the chips will be granted, ending months of halted shipments that had severely impacted the company's access to one of its largest markets, according to a statement from the firm. The news sent Nvidia's stock soaring more than 5% in pre-market trading. Last week, the chipmaker became the first public company in history to surpass a $4 trillion market valuation. Daniel Ives, senior analyst at Wedbush Securities, hailed the development on Tuesday as 'a watershed moment for Nvidia, the AI Revolution thesis, and the overall US tech industry,' called the decision 'a monster win for the Godfather of AI Jensen and Nvidia.' 4 Nvidia will resume sales of its H20 AI chips to China after CEO Jensen Huang met with President Trump in the White House last week, the company said. REUTERS He added that the green light will likely propel Wall Street's growth estimates for Nvidia 'meaningfully over the coming years with China back in the fold.' In April, Nvidia had paused shipments of the H20 chips — leading to $4.5 billion in inventory write-downs and an estimated $2.5 billion in lost projected sales. The company halted sales of the chips after the Trump Administration implemented a licensing requirement as part of the president's 'Liberation Day' trade moves. The halt not only impacted revenue but gave Chinese rivals an opening in the race for AI dominance. 'This is all a game of high-stakes poker between Nvidia and the Trump Administration,' Ives wrote in a note to clients. 'There is only one chip in the world fueling the AI Revolution and it's Nvidia. That is clearly understood both in the Beltway and Beijing — it's the new gold or oil in this world.' The H20 chip was originally engineered to comply with earlier US export controls on China. With export licenses now expected, the company anticipates a significant boost in revenue during the second half of 2025. In May, Reuters reported that Nvidia was preparing to launch a new AI chip in China, based on the RTX Pro 6000D, priced significantly lower than the H20 due to its weaker specifications and simpler manufacturing requirements. 4 Huang meets with Trump at the White House on April 30. REUTERS The chip would be part of Nvidia's latest generation of Blackwell-architecture AI processors. China generated $17 billion in revenue for Nvidia in the fiscal year ending January 26, accounting for 13% of the company's total sales, according to its latest annual report. Nvidia has been pushing to re-integrate China into its supply chain, though Huang's visit drew scrutiny in both countries. A bipartisan group of US senators recently sent a letter to Huang urging him not to meet with Chinese companies connected to military or intelligence bodies. During his visits, Huang said the world has reached an inflection point where AI has become a fundamental resource, like 'energy, water and the internet.' He emphasized Nvidia's support for open-source research, foundation models, and applications that 'democratise AI' and empower emerging economies. 4 A senior analyst called the decision 'a monster win for the Godfather of AI Jensen and Nvidia.' REUTERS 'General-purpose, open-source research and foundation models are the backbone of AI innovation,' he told reporters in Washington. 'We believe that every civil model should run best on the US technology stack, encouraging nations worldwide to choose America.' Investor enthusiasm reflects Nvidia's dominant grip on the AI hardware market, where it commands an estimated 97% share of the GPU accelerator segment. GPU accelerators are powerful computer chips that help speed up complex tasks like training artificial intelligence systems. 4 The news sent Nvidia's stock soaring more than 5% in pre-market trading. Last week, the chipmaker became the first public company in history to surpass a $4 trillion market valuation. Getty Images They work alongside regular processors to handle the heavy lifting of AI computations — similar to a turbocharger in a car engine. Nvidia makes most of these chips, which is why it plays such a big role in the AI boom. Meanwhile, rival chipmakers such as AMD and Intel are expected to introduce their own offerings to meet Chinese demand for AI computing, putting additional pressure on regulators and global suppliers alike. The Post has sought comment from the White House.
Indian Express
15-07-2025
- Business
- Indian Express
Nvidia to resume H20 GPU chip sales to China, launches mainland-compliant model
Nvidia said on Monday it will resume sales of its H20 artificial intelligence chip to China and has introduced a new model tailored to meet regulatory requirements in the Chinese market. Nvidia, the world's most valuable company, is filing applications with the U.S. government to resume sales to China of the H20 graphics processing unit (GPU), and expects to get the licences soon, the company said in a statement. Deliveries are expected to begin shortly thereafter, it added. 'The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,' Nvidia said in a statement. The White House did not immediately respond to a request for comment. CEO Jensen Huang is scheduled to hold a media briefing in Beijing on Wednesday when he attends a supply chain expo, his second visit to China after a trip in April where he stressed the importance of the Chinese market. The move to resume sales of the H20 chips comes amid easing tensions between Washington and Beijing, with China relaxing controls on rare earth exports and the United States allowing chip design software services to resume in China. The H20 chip was developed specifically for the Chinese market after U.S. export restrictions were imposed on national security grounds in late 2023. The AI chip was Nvidia's most powerful legally available product in China until it was effectively banned by Washington in April. The H20 ban forced Nvidia to write off $5.5 billion in inventories, and Huang told the Stratechery podcast earlier this year that the company also had to walk away from $15 billion in sales. Nvidia's AI chips have been a key focus of U.S. export controls designed to keep the most advanced chips out of Chinese hands, amid intense competition between the superpowers to dominate the AI race. The company also announced the development of a new AI chip designed specifically for China, called the RTX Pro GPU. Nvidia described the model as 'fully compliant' with U.S. export controls and suitable for digital twin AI applications in sectors such as smart factories and logistics. In May, Reuters reported Nvidia was preparing to launch a new AI chip, based on the RTX Pro 6000D, in China at a significantly lower price point than the H20. The graphics processing unit would be part of Nvidia's latest generation Blackwell-architecture AI processors and was expected to be priced well below the the H20 due to its weaker specifications and simpler manufacturing requirements, sources said. Huang has met with U.S. President Donald Trump and policymakers in Washington and later with officials in Beijing, as part of efforts to promote AI cooperation and highlight Nvidia's support for open-source research and global AI development, the company said.
The Hindu
27-05-2025
- Business
- The Hindu
Nvidia to launch cheaper Blackwell AI chip in China; Putin says Microsoft, Zoom should be ‘throttled' in Russia; Rest of the world hopes to lure U.S. scientific talent
Nvidia to launch cheaper Blackwell AI chip in China Nvidia plans to launch a new cheaper Blackwell AI chipset for China at a much lower price in comparison with the H20 chip with production set to begin by June. The GPU is expected to be priced between $6,500 and $8,000 less than the $10,000 and $12,000 range that the H20 was sold at. This could indicate that the chipset will have weaker specifications and simpler manufacturing requirements. The AI chip will be based on Nvidia's RTX Pro 6000D, a server-class graphics processor and will implement the traditional GDDR7 memory instead of more advanced high bandwidth memory. China accounted for 13% of Nvidia's sales in the past financial year. Nvidia's market share in China has sunk from 95% before 2022 to 50% presently, CEO Jensen Huang said. Putin says Microsoft, Zoom should be 'throttled' in Russia Russian President Vladimir Putin has signalled in a speech that foreign service providers like Microsoft and Zoom should be 'throttled' in Russia. He said that Russia had offered a favourable environment for these U.S.-based companies and not limited their operations in the country. However, he said that they were trying to 'throttle' Russia and now it was their turn to respond in kind. He also said that other companies which had chosen to exit Russia wouldn't receive a warm reception if they chose to return. Putin also called for the strengthening homegrown tech solutions to tackle competition from the U.S. A host of companies have chosen to suspend business or reduce it in Russia post their invasion of Ukraine. Rest of the world hopes to lure U.S. scientific talent The spending cuts imposed by Trump on scientific research has led to thousands of scientists losing their jobs or grants, a gap that the rest of the world is looking to cash in on. Programs from countries like Canada, France and Australia are all looking to woo U.S. talent for areas like medical research. Trump has made massive cuts at the National Academy of Sciences, the National Institutes of Health, NASA and other agencies while also slashing funding for private universities. These recruiters are all offering U.S. one thing to make the job appealing - academic freedom. The 'Safe Place for Science' program at Aix-Marseille University in France has reportedly received interest from U.S. scientists including AI researchers and astrophysicists.
Time of India
26-05-2025
- Business
- Time of India
Nvidia may launch more affordable version of its most powerful GPUs for China
Nvidia is preparing to release a new artificial intelligence (AI) chip for the Chinese market at a significantly lower price point than its restricted H20 model, a report has claimed. The new chip, part of Nvidia's Blackwell architecture lineup, is said to enter mass production by June. Price of Nvidia's affordable AI chips for China Citing sources familiar with the matter, news agency Reuters said that the graphics processing unit (GPU) is expected to cost between $6,500 and $8,000 -- below the $10,000 to $12,000 price of the H20 chip it replaces. The reduced price is said to be due to scaled-back specifications and simplified manufacturing requirements. What is changing in Nvidia's affordable AI chips for China Notably, the upcoming chip will reportedly be based on Nvidia's RTX Pro 6000D, using GDDR7 memory instead of the high-bandwidth memory (HBM) used in more advanced models. It will also not include Taiwan Semiconductor Manufacturing Co.'s CoWoS packaging technology. Nvidia has not officially disclosed the specifications, price, or launch timeline of the chip. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo A company spokesperson said Nvidia is still evaluating its "limited" options for the Chinese market and awaits approval from US authorities. 'Until we settle on a new product design and receive approval from the US government, we are effectively foreclosed from China's $50 billion data center market,' the spokesperson was quoted as saying. Why China is important market for Nvidia The move is Nvidia's third attempt to develop a GPU tailored for China after US restrictions blocked earlier models from being exported. China accounted for 13% of Nvidia's sales in the last fiscal year. Despite its reduced computing power, the new GPU is seen as a necessary step for Nvidia to maintain a presence in China. Industry analysts expect Chinese firms to close the performance gap with downgraded Nvidia chips within one to two years. However, Nvidia maintains a key advantage through its CUDA software platform, which is widely used by developers to build AI applications. Nvidia's market share in China has fallen from 95% in 2022 to about 50% currently, CEO Jensen Huang said last week. He warned that ongoing export controls could push more Chinese customers toward domestic alternatives like Huawei. In addition to the new chip set for June, sources told the publication that Nvidia is also developing a second Blackwell-based GPU aimed at China, scheduled for production in September.
Business Insider
26-05-2025
- Business
- Business Insider
Nvidia Pivots to Cheaper and Simpler Blackwell AI Chips for China
American semiconductor giant Nvidia (NVDA) is reportedly designing cheaper and simpler versions of its Blackwell artificial intelligence (AI) chips for export to China, to circumvent the new H20 chip export restrictions. The news was first reported by Reuters, citing sources familiar with the matter. Confident Investing Starts Here: Interestingly, the chipmaker is expected to begin mass production of these cheaper chips in June. The proposed chip will have weaker specifications compared to the current H20 models and will be produced using simple manufacturing techniques. Nvidia has said that the new chip restrictions will result in a $5.5 billion inventory write-off and the loss of nearly $15 billion in potential sales. Here's How Nvidia Will Skirt Chip Export Curbs The new GPUs (Graphic Processing Units) will be part of Nvidia's latest Blackwell family of processors, priced between $6,500 and $8,000 per unit, much lower than the $10,000 to $12,000 price tag of the advanced H20 GPUs. Moreover, the chip will use traditional GDDR7 memory to circumvent restrictions on exporting chips with high bandwidth memory (HBM), which is used in more advanced models. Additionally, the chip will be based on Nvidia's older RTX Pro 6000D processor, a server-class graphics processor. Finally, Nvidia will not use Taiwan Semiconductor Manufacturing's (TSM) CoWoS (Chip-on-Wafer-on-Substrate) packaging technology for these chips. Nvidia is exploring different strategies to continue exporting chips to China, which remains its second-largest market. This is the third time the chip giant is changing chip specifications to comply with the U.S.' chip export restrictions. These export curbs have caused a sharp decline in Nvidia's sales in China, down to 13% in Fiscal 2024. CEO Jensen Huang recently stated that the company is steadily losing market share in China to domestic competitors, especially Huawei, with its share falling to 50% from 95% before the export restrictions first took effect in 2022. Huang expects China's chip market to grow into a massive $50 billion sales market in the coming years and is determined to recapture a larger share. According to Main Street Data chart, China has remained Nvidia's second-largest revenue market after the U.S. Is NVDA a Buy Before Earnings? Ahead of Nvidia's Q1FY26 results, Wall Street remains highly bullish about Nvidia's long-term stock trajectory. On TipRanks, NVDA stock commands a Strong Buy consensus rating based on 34 Buys, five Holds, and one Sell rating. Also, the average Nvidia price target of $164.51 implies 25.3% upside potential from current levels. Year-to-date, NVDA stock has lost 2.2%.
