Latest business news
BEIJING/TAIPEI (Reuters) -Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, sources familiar with the matter said. Also Read | Nvidia says controls on AI chips exports to China were ‘failure’, praises Trump…
Nvidia on Tuesday announced it expects a hit of $5.5 billion in its current fiscal quarter, following new US government restrictions on exports of its H20 artificial intelligence (AI) chips to China. Nvidia share price plunged 6.33% during after-hours trading. In a filing with the US Securities and Exchange Commission (SEC), Nvidia said US officials…
Shares of chipmakers with US manufacturing plants fell Friday after China announced new tariffs, targeting semiconductor imports. Beijing will raise tariffs on all US goods from 84% to 125%, and the China Semiconductor Industry Association issued an emergency notice, which stated that customs determines the origin of imports by where chips are manufactured, not the…