Latest news with #YIFANYU
Nikkei Asia
2 days ago
- Business
- Nikkei Asia
Nvidia, AMD shares jump as AI chip exports to China set to resume
Nvidia and AMD said they hope to start resuming AI chip sales to China "soon." (Source photos by Reuters) YIFAN YU PALO ALTO, California -- Shares in Nvidia and AMD, two of the biggest AI chip companies, rallied Tuesday after they said the Trump administration would grant them licenses to resume sales of certain products to China. Nvidia stock climbed 4% and AMD gained more than 6%, while the PHLX Semiconductor Sector Index closed up 1.27%.
Nikkei Asia
7 days ago
- Business
- Nikkei Asia
TikTok reorganizes US operations as Trump 'deal' still up in the air
China-based ByteDance now has until September to divest TikTok's U.S. operations or face a ban in the country. YIFAN YU and CISSY ZHOU PALO ALTO, California/HONG KONG -- TikTok is restructuring its U.S. operations, including revamping its trust and safety team and its e-commerce arm TikTok Shop, as the popular social media app waits for clarity on a deal to sell its American business that President Donald Trump indicated was close. The ByteDance-owned platform has undergone a major overhaul of its trust and safety and TikTok Shop teams, including layoffs in multiple U.S. offices, according to two people familiar with the matter. The layoffs are partly a reorganization in preparation for the spin-off of TikTok's U.S. operations, and partly an internal adjustment after TikTok Shop failed to reach certain performance goals, the people said.
