NVIDIA AI chips worth $1B smuggled into China
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NVIDIA supplier SK Hynix to boost spending on AI chips
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Last week, Nvidia CEO Jensen Huang said it would soon resume selling its H20 chips to China after a breakthrough with the Trump administration on regulations.
Mich., said Beijing-focused export controls should be designed to keep China’s military “from leapfrogging ahead with U.S. hardware.”
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Nvidia CEO Jensen Huang can resume AI chip sales to China after meeting with Trump: ‘Monster win’
The Trump administration has assured Nvidia that licenses to export the chips will be granted, ending months of halted shipments.
Nvidia stock's surge looks poised to accelerate because investors' biggest concern about the company -- losing the Chinese data center AI chip market -- is now a non-issue.
Nvidia's sales are boosted by cloud companies' continued spending on its chips, as they expand data centers capable of handling generative AI's complex processing needs. The company said adjusted ...