Latest news with #chipexport
Washington Post
4 days ago
- Business
- Washington Post
China blasts US for its computer chip moves and for threatening student visas
TAIPEI, Taiwan — China blasted the U.S. on Monday over moves it alleged harmed Chinese interests, including issuing AI chip export control guidelines, stopping the sale of chip design software to China, and planning to revoke Chinese student visas. 'These practices seriously violate the consensus' reached during trade discussions in Geneva last month, the Commerce Ministry said in a statement.
Bloomberg
29-05-2025
- Business
- Bloomberg
Nvidia's CEO Is Gambling With a Trade Ultimatum
The chief executive officer of Nvidia Corp., Jensen Huang, fresh off an all-smiles Middle Eastern tour with President Donald Trump, is now ready to test the power of his diplomacy. He used his company's earnings call on Wednesday to send a clear message to the president: It's time to decide whether you're going to help us or China. The call to action was an amplification of Huang's recent remarks about US chip export controls that seek to reduce China's capability to build artificial intelligence. Those curbs meant Nvidia's projection of $45 billion in revenue for the current quarter came with an anticipation of $8 billion in lost sales of its H20 chip. If the current legal framework holds, the company warned, it would not be able to do business in China at all. That's bad for America, Huang said.
ABC News
28-05-2025
- Business
- ABC News
Live market updates: Nvidia shares rise in extended trade, Wall Street and European stocks end in red
Shares in Nvidia rose 4 per cent in extended trading on Wall Street as the impact of US chip export restrictions was less than some analysts had feared. ASX futures point to a modest gain at the open despite US and European stocks ending in the red. Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice.
TechCrunch
28-05-2025
- Business
- TechCrunch
Nvidia expects to lose billions in revenue due to H20 chip licensing requirements
As Nvidia reports earnings for the first quarter of its fiscal year 2026, which closed on April 28, the company has released numbers on how the Trump administration's recent chip export restrictions are affecting business. Nvidia reported that it incurred a $4.5 billion charge in Q1 due to licensing requirements impacting its ability to sell its H20 AI chip to companies in China. The chipmaker also reported that it was unable to ship an additional $2.5 billion of H20 revenue in the quarter due to the restrictions. When the U.S. licensing requirement was originally announced in April, the company said that it expected $5.5 billion in related charges for Q1. Nvidia also said Wednesday that the H20 licensing requirements will result in an $8 billion hit to the company's revenue in Q2, which is predicted to be around $45 billion — a significant toll. The company has been outspoken against the Trump administration's push to limit the export of U.S.-made AI chips to countries including China. Huang praised the administration's recent decision to scrap Joe Biden's Artificial Intelligence Diffusion Rule that would have imposed further chip export restrictions. Despite Biden's chip export rules not coming to bear, Nvidia is clearly not immune to the Trump administration's attempt to stifle China's AI market. TechCrunch will update this story as we learn more.
Times of Oman
24-05-2025
- Business
- Times of Oman
Trump administration to tighten AI chip export curbs to China despite Nvidia CEO's pushback
Washington, DC: The Trump administration announced on Wednesday that it will continue its efforts to prevent advanced artificial intelligence (AI) technology from reaching China, dismissing requests from Nvidia's CEO Jensen Huang to relax chip export limitations to the country, Taipei Times reported on Friday. "We have great respect for Jensen," stated Sriram Krishnan, a senior policy adviser for AI at the White House, during a Bloomberg Television interview. "There remains bipartisan and widespread concern about the potential implications of these GPUs once they are physically in China," Krishnan said. Though the Trump administration still perceives a security threat from expanding AI chip exports to China, Krishnan acknowledged that he aligns with Huang's perspective that restrictions on a broader array of US trading partners should be reassessed. According to the Taipei Times report, the Trump administration is reversing. It intends to replace an AI diffusion regulation established by former President Joe Biden, which, as Krishnan indicated, resulted in "GPU haves and GPU have-nots." "When it pertains to the rest of the world, we aim for an American AI ecosystem that starts from the GPUs and extends to the models and everything built upon that," Krishnan remarked. "On this point, Jensen and I share common ground," he added. Krishnan's comments followed Huang's strongest public criticism yet regarding the increasing US export restrictions aimed at China, Taipei Times reported. At the Computex industry conference in Taipei, Huang condemned the measures as a "failure" and called for the US to reduce barriers to chip sales in China, warning that American companies might lose their market share to competitors like Huawei Technologies Co. Huang indicated that China would represent a USD 50 billion opportunity in the coming year, as cited by the Taipei Times report.
