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The Star
3 days ago
- Business
- The Star
China's open source AI is ‘a catalyst for global progress', Jensen Huang says
Nvidia's co-founder and CEO Jensen Huang lauded China's progress in open source artificial intelligence and pledged to work with Chinese companies, as the chip designer driving the growth of AI resumes shipping its sought-after chips to the country. Large language models (LLM) developed by Chinese companies, including DeepSeek, Alibaba Group Holding, Tencent Holdings, MiniMax and Baidu, were 'world class', 'developed here and shared openly', and had spurred AI developments worldwide, Huang said. China's open source AI was a 'catalyst for global progress' that was 'giving every country and industry a chance to join the AI revolution', he said on Wednesday during the opening ceremony of the China International Supply Chain Expo, which until Sunday in Beijing. Clad in a dark suit instead of his signature black leather jacket, Huang was speaking as the guest of honour at the expo on his third trip to the Chinese capital city this year. His California-based chip-design firm, established in 1993, is poised to resume shipments of its made-for-China H20 chips to China. The US government 'assured Nvidia that licences will be granted' for exporting the H20 chip, a made-for-China product that was less powerful than Nvidia's gold-standard acceleration chip, according to a Tuesday statement by the company. After the announcement, Tencent said it was in the process of applying to buy Nvidia chips, according to a Reuters report. ByteDance said the report of its application was 'not accurate'. 'I'm very happy that the export control has been lifted on H20 so that we can serve the market,' Huang said during a group interview on Tuesday in Beijing. Nvidia also planned to release a 'new, fully compliant' RTX PRO graphics processing unit (GPU) for China that was 'ideal for digital twin AI for smart factories and logistics,' the company said. The resumption of sales was a boon for Nvidia as the world's first US$4 trillion company gained access to one of the largest investors in AI, where funding could grow 48 per cent this year to US$98 billion, according to a forecast by Bank of America. It is also a breakthrough for China's developers of LLMs and other AI uses, as they get their hands on some of the most advanced chips for high-powered computing. Huang's affirmation of China's open-source progress came as Nvidia seemingly shrugged aside the 17 per cent plunge in its valuation in late January after DeepSeek's roll-out opened the possibility that LLMs could be developed at a fraction of the cost typically needed. Nvidia's shares have since regained their surge, pushing the company to become the first in history to surpass US$4 trillion in capitalisation. Huang on Wednesday also stressed Nvidia's role in Chinese tech firms' achievements. China achieved 'super fast innovation' thanks to its researchers, developers and entrepreneurs, and more than 1.5 million developers in China were building on Nvidia platforms today, he said. Switching between English and halting Mandarin, the Taiwanese-American entrepreneur said that the expo had 'a massive scale and a vibrant atmosphere', which showed China's 'support for innovation'. Huang's comments reflect his efforts to convey Nvidia's commitment to the Chinese market amid a tumultuous chip war between the world's two largest economies. Nvidia's H20 GPU, released in early 2024, was tailor-made for the Chinese market after exports of its advanced AI chips such as the A100, H100, A800 and H800 were banned under intensifying US export controls. The US chip giant said in May that Washington would start to require a licence to export H20 chips to China, a move Huang called 'deeply painful' and 'deeply uninformed'. Nvidia expected the ban to cost the company around US$5.5 billion. Huang also shared a positive outlook for AI's role in manufacturing. The world's most advanced factories will be powered by robots and AI within a decade, as machine learning and automation replace humans in assembly line work, especially those that were repetitive and hazardous, he added. 'Today, AI is [a] fundamental infrastructure, like electricity and the internet before, [and] AI is revolutionising the supply chain, changing how we build and move things,' Huang said. 'Hundreds of projects in China are simulating digital twins in Nvidia's omniverse to design and optimise factories and warehouses.' -- SOUTH CHINA MORNING POST
Yahoo
5 days ago
- Automotive
- Yahoo
Nvidia to sell H20 chips to China again after US gives export approval
US tech giant Nvidia will start selling its H20 AI chip in China again after the Trump administration relaxed export restrictions. The White House gave assurances that it would grant licenses for the product in the Chinese market, the firm said on Tuesday in a blog post. The move is a U-turn for the government, which in April banned sales of the chip to China, linked to concerns that the technology could be used for military purposes. At the time, Nvidia said it had been told that the export control would stay in place for the 'indefinite future". Nvidia claimed in May that it had taken a $4.5 billion (€3.8bn) inventory cost hit in the April quarter because of the restrictions and added that it had missed out on an additional $2.5bn (€2.1bn) in sales. The announcement temporarily sent its share price plunging. The H20 chip was specifically designed for the Chinese market, in line with restrictions introduced by former president Joe Biden in 2023. When in office, Trump overhauled the Biden-era curbs but imposed restrictions on Nvidia's H20 AI chip. On Tuesday, Nvidia also announced a new China-specific AI chip it said was 'fully compliant' with export rules. Tuesday's announcement comes after Nvidia CEO Jensen Huang has spent months lobbying in both the US and China. Related Chipmaker Nvidia hits $4 trillion making it world's most valuable company Volvo Cars CEO: dual tech for China and the West is new trade reality Huang argued that Trump's restrictions were a 'failure' in the sense that they were boosting China's AI capabilities, notably as the market could no longer rely on American products. Exports of the chip do, however, help Chinese AI companies like DeepSeek, that use Nvidia chips to create their products. The breakthrough comes as relations between Washington and Beijing have thawed in recent weeks. Earlier this year, the Trump administration threatened a 145% duty on Chinese goods sent to the US, and Beijing responded with a 125% retaliatory tariff. The two sides decided to lower these taxes in May, and then agreed on a trade framework last month. The trade agreement seeks to ease restrictions on exports of raw materials and other critical technologies. Throughout earlier talks, Donald Trump had nonetheless suggested that curbs on the H20 AI chip wouldn't be relaxed as part of the framework. Both China and the US are seeking to find a permanent solution to replace the temporary trade truce before a 12 August deadline. Nvidia's Huang is currently in Beijing to hold talks with government officials, after meeting with President Trump last week. The CEO also announced plans to create a new graphics processing unit, the RTX PRO, for the Chinese market, which he said is fully compliant with US export controls.
Yahoo
6 days ago
- Business
- Yahoo
Nvidia Stock Jumps as Chipmaker Plans to Resume Sales of Key AI Chip to China
KEY TAKEAWAYS Nvidia said it plans to resume sales of its best-selling H20 AI chip to China, days after CEO Jensen Huang met with President Donald Trump. 'The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,' the chipmaker said. Nvidia shares jumped in Tuesday said it plans to resume sales of its best-selling H20 AI chip to China, days after CEO Jensen Huang met with President Donald Trump. Shares of Nvidia jumped more than 4% Tuesday following the news. Shares of Advanced Micro Devices (AMD), other chip companies, and Nvidia partners including Super Micro Computer (SMCI) also rose. (Read Investopedia's full coverage of today's trading here.) "NVIDIA is filing applications to sell the NVIDIA H20 GPU again,' the company said in a blog post late Monday. 'The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,' the chipmaker said. The green light from Washington marks a big win for Nvidia, as analysts had said the restrictions would send sales in China, a key market, down to "zero." The AI chipmaker said in May that it took a $4.5 billion charge in the fiscal first quarter associated with export curbs imposed by the Trump administration on sales of its H20 products to China. The H20 chips are less powerful than Nvidia's newer ones and had been tailored to meet prior export limits for the Chinese market. Separately, Nvidia announced a new RTX PRO AI chip that it said was 'fully compliant' for the Chinese market. The White House didn't immediately respond to an Investopedia request for comment. Nvidia shares entered Tuesday up by more than a fifth this year. This article has been updated since it was first published to reflect more recent share price values. Read the original article on Investopedia
Time of India
15-07-2025
- Business
- Time of India
Jensen Huang wants US to lead AI development, confirms Nvidia chip sales resuming in China
Nvidia will soon restart the sale of its H20 AI accelerator chips in China, CEO Jensen Huang confirmed. The move comes after the US government assured Nvidia that licenses for these sales would now be granted, unlike earlier restrictions. Huang recently met US leaders, including former President Trump, to back America's AI leadership and job creation. After months of restrictions, this clearance marks a big win for Nvidia in China, one of its crucial markets. Huang believes civil AI models around the world should run on US technology to ensure America remains the global AI leader. His push aims to boost trust in the US tech stack while keeping economic ties with China open. Positive signals for business and US-China relations Huang's announcement is seen as a positive step for both Nvidia's business and the global AI supply chain. US restrictions had forced Nvidia to create special chips for China. Now, with the H20's return, China's tech platforms building AI tools will benefit. This Chinese startup just ended Nvidia's $3 trillion Trump banned Jensen Huang from working with made an even more powerful AI for only $5.6 every tech CEO is scrambling to copy their why: 🧵 Experts like Vey-Sern Ling from Union Bancaire Privee called this restart a 'positive' for the whole semiconductor sector. Even Nasdaq futures got a boost after the news broke, showing investor confidence. Nvidia's new chip and future plans Nvidia didn't just stop with the H20. Huang also introduced a new RTX PRO GPU, designed for digital twin AI in smart factories and logistics. This shows Nvidia's focus on both compliance and innovation as it continues to expand its chip business globally. By balancing US expectations and market demands in China, Nvidia looks set to strengthen its global AI leadership, just as the tech race intensifies.
Euronews
15-07-2025
- Business
- Euronews
Nvidia to sell H20 chips to China again after US gives export approval
US tech giant Nvidia will start selling its H20 AI chip in China again after the Trump administration relaxed export restrictions. The White House gave assurances that it would grant licenses for the product in the Chinese market, the firm said on Tuesday in a blog post. The move is a U-turn for the government, which in April banned sales of the chip to China, linked to concerns that the technology could be used for military purposes. At the time, Nvidia said it had been told that the export control would stay in place for the 'indefinite future". Nvidia claimed in May that it had taken a $4.5 billion (€3.8bn) inventory cost hit in the April quarter because of the restrictions and added that it had missed out on an additional $2.5bn (€2.1bn) in sales. The announcement temporarily sent its share price plunging. The H20 chip was specifically designed for the Chinese market, in line with restrictions introduced by former president Joe Biden in 2023. When in office, Trump overhauled the Biden-era curbs but imposed restrictions on Nvidia's H20 AI chip. On Tuesday, Nvidia also announced a new China-specific AI chip it said was 'fully compliant' with export rules. Tuesday's announcement comes after Nvidia CEO Jensen Huang has spent months lobbying in both the US and China. Huang argued that Trump's restrictions were a 'failure' in the sense that they were boosting China's AI capabilities, notably as the market could no longer rely on American products. Exports of the chip do, however, help Chinese AI companies like DeepSeek, that use Nvidia chips to create their products. The breakthrough comes as relations between Washington and Beijing have thawed in recent weeks. Earlier this year, the Trump administration threatened a 145% duty on Chinese goods sent to the US, and Beijing responded with a 125% retaliatory tariff. The two sides decided to lower these taxes in May, and then agreed on a trade framework last month. The trade agreement seeks to ease restrictions on exports of raw materials and other critical technologies. Throughout earlier talks, Donald Trump had nonetheless suggested that curbs on the H20 AI chip wouldn't be relaxed as part of the framework. Both China and the US are seeking to find a permanent solution to replace the temporary trade truce before a 12 August deadline. Nvidia's Huang is currently in Beijing to hold talks with government officials, after meeting with President Trump last week. The CEO also announced plans to create a new graphics processing unit, the RTX PRO, for the Chinese market, which he said is fully compliant with US export controls.
