Trump says China, other countries can’t have Nvidia’s top AI chips

November 3, 2025 9:14 AM

Trump says China, other countries can’t have Nvidia’s top AI chips

Artificial intelligence giant Nvidia's most advanced chips will be reserved for U.S. companies and kept out of China and other countries, U.S. President Donald Trump said. During a taped interview that aired on Sunday on CBS' "60 Minutes" program and in comments to reporters aboard Air Force One, Trump said only U.S. customers should have access to the top-end Blackwell chips offered by Nvidia, the world's most valuable company by market capitalization. "The most advanced, we will not let anyb...

Fundamentally Flawed: Nvidia CEO Huang on U.S. Export Policy Fueling China’s Own Chip Development

May 21, 2025 9:28 AM

Fundamentally Flawed: Nvidia CEO Huang on U.S. Export Policy Fueling China’s Own Chip Development

U.S. export controls on artificial intelligence chips to China were "a failure," Nvidia Chief Executive Jensen Huang said on Wednesday. "All in all, the export control was a failure," Huang said, adding, "The fundamental assumptions that led to the AI diffusion rule in the beginning, in the first place, have been proven to be fundamentally flawed." The U.S. block on sales of advanced AI chips to China has forced companies there to buy semiconductors from Chinese designers such as Huawei, while...

Intel to cut 15% jobs, suspend dividend in turnaround push

August 2, 2024 11:33 AM

Intel to cut 15% jobs, suspend dividend in turnaround push

Intel said on Thursday it would cut more than 15% of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centered around its loss-making manufacturing business. It also forecast third-quarter revenue below estimates, grappling with a pullback in spending on traditional data center semiconductors and a focus on AI chips, where it lags rivals. Shares of Santa Clara, California-based Intel slumped 20% in extended trade, setting it up to lose...