Page 10 - Nvidia

Tech curbs? Not today: Trump courts China with chip diplomacy

Donald Trump paused planned curbs on Nvidia's H20 chip exports to China, prioritising trade ties and a Xi Jinping summit despite warnings from security experts and ex-officials

Intel cuts back spending, workforce as struggling chip maker eyes comeback

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the struggling chipmaker that helped launch Silicon Valley but has fallen behind rivals like Nvidia Corp. In a memo to employees, CEO Lip-Bu Tan said Intel plans to end the year with 75,000 workers, down 31% from 108,900 employees at the end of last year, through layoffs and attrition. The company previously announced a 15% workforce reduction. I know the past few months have not been easy. We are making hard but necessary decisions to streamline the organization, drive greater efficiency and increase accountability at every level of the company, Tan wrote. In addition, Intel will scrap previously planned projects in Germany and Poland and also move assembly and test operations in Costa Rica to larger sites in Vietnam and Malaysia. Costa Rica will remain a home to key engineering teams and corporate functions, Tan said in the memo. In the U.S., the company said it will .

How Nvidia CEO Jensen Huang won over Trump who wanted to split his company

Not Tim Cook or Elon Musk, but Jensen Huang has emerged as the most influential tech executive in Washington as Donald Trump reverses decision to dismantle Nvidia

Elon Musk's xAI seeks $12 billion more to expand AI infrastructure

Elon Musk's xAI is seeking $12 billion more to lease Nvidia chips for a second AI data centre, Colossus 2, as it races to compete with OpenAI, Google, and Microsoft in the AI arms race

Nvidia CEO Huang calls Chinese AI models 'world class', lauds innovation

Huang spoke briefly at the opening ceremony of a supply chain expo, one day after the AI giant said it would once again be able to sell its highly popular H20 chips in China

Nvidia CEO downplays role in lifting US ban on chip sales to China

The head of Nvidia downplayed his role in getting the US government to lift a ban on selling an advanced computer chip in China and said it will take time to ramp up production once orders for the AI-processor come in. CEO Jensen Huang, speaking Wednesday in the Chinese capital Beijing, was upbeat about the prospects for the H20 chip, which was designed to meet US restrictions on technology exports to China but nonetheless blocked in April. He met US President Donald Trump before his trip and his company announced this week it had received assurances that sales to China would be approved. I don't think I changed his mind, Huang told a cluster of journalists, many of whom asked for his autograph or to take selfies with him. A carefully organised press conference at a luxury hotel descended into a crowd scene when Huang arrived in his trademark leather jacket and started taking questions randomly in his characteristic casual style. Export controls and tariffs were something companie

Why did Trump admin allow Nvidia to resume H20 AI chips sales to China?

US Commerce Secretary Howard Lutnick said the administration has allowed the resumption of sales of H20 AI chips because the company will not be giving its best technology to China

Trump AI czar Sacks defends reversal of chip export curbs to China

Allowing Nvidia to resume H20 chip shipments will help the US compete globally and curb Huawei's efforts to expand its share in the international tech market, Sacks said

Nvidia, AMD to restart AI chip sales to China after US export nod

US government officials told Nvidia they would green-light export licenses for its H20 artificial intelligence accelerator, the company said in a blog post on Monday

Trump admin to allow resumption of H20 AI chip sales to China: Nvidia

The development comes amid a preliminary trade deal between the US and China last month, which sought China to resume the exports of rare earth and the US to relax its export curbs

Nvidia CEO Jensen Huang to hold media briefing in Beijing on July 16

Nvidia's market value topped $4 trillion for the first time last week, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology

Asian shares up on Nvidia high, investors unfazed by Trump's tariff moves

US copper futures widened their premium to the London benchmark overnight after Trump announced plans to impose a 50 per cent tariff on copper

Nvidia hits $4 trn market cap; first company ever to reach the milestone

Just a day after President Donald Trump escalated his trade rhetoric, investors awaited tariff announcements for a number of countries

With $3.92 trn valuation, Nvidia on track to become most valuable company

The shares were last up 1.5 per cent at $159.60, leaving Nvidia's stock market value at $3.89 trillion, just short of Apple's record

Nvidia insiders sold over $1 billion in stock amid market surge: Report

Jensen Huang, Nvidia's chief executive, started selling shares this week for the first time since September, the SEC filing showed

Nvidia nears $4 trillion valuation, reclaims spot as most valuable firm

With a broadening customer base clamoring for Nvidia's latest AI accelerators and competitors still distant, bulls are betting the chipmaker's shares have plenty of room to run

Graduates face toughest job market in more than decade as hiring slows

While completing a master's degree in data analysis, Palwasha Zahid moved from Dallas to a town near Silicon Valley. The location made it easy to visit the campuses of tech stalwarts such as Google, Apple, and Nvidia. Zahid, 25, completed her studies in December, but so far she hasn't found a job in the industry that surrounds her. It stings a little bit, she said. I never imagined it would be this difficult just to get a foot in the door. Young people graduating from college this spring and summer are facing one of the toughest job markets in more than a decade. The unemployment rate for degree holders ages 22 to 27 has reached its highest level in a dozen years, excluding the coronavirus pandemic. Joblessness among that group is now higher than the overall unemployment rate, and the gap is larger than it has been in more than three decades. The rise in unemployment has worried many economists as well as officials at the Federal Reserve because it could be an early sign of trouble

As shares hit record, Nvidia reclaims title of world's top-valued stock

The stock rose 4.3 per cent to $154.31, taking out an all-time high that has stood since January

Global AI gap widens as compute power divides nations, economies

As countries race to power artificial intelligence, a yawning gap is opening around the world

Nvidia to attend China Expo 2025 as US steps up AI chip export curbs

US chipmaker Nvidia will make its debut at China's 2025 Supply Chain Expo, which is expected to feature over 650 companies and more than 100 new product launches