hope it wills not impact so much for the latest Trump's restrictions!!!????

Chinese Firms Place $16 Billion in Order for New Nvidia Chips, the Information Reports

Reuters

$NVIDIA Corp(NVDA)$

21:57

April 2 (Reuters) - Chinese companies including ByteDance, Alibaba Group and Tencent Holdings have placed at least $16 billion in orders for Nvidia's H20 server chips in the first three months of the year, the Information reported on Wednesday, citing two people with direct knowledge of the transactions.

In February, Reuters first reported a surge in orders for the H20 - the most advanced AI processor legally available in China under U.S. export controls- driven by booming demand for Chinese startup DeepSeek's low-cost AI models.

The H20 is the primary chip Nvidia is legally permitted to sell in China and was launched after the latest round of U.S. export restrictions took effect in October 2023.

Washington has banned exports of Nvidia's most advanced chips to China since 2022, concerned that advanced technologies could be used by China to build up its military capabilities.

U.S. President Donald Trump said in February he intends to impose tariffs of around 25% on the imports of semiconductors and related products.

Nvidia CEO Jensen Huang has said the company sees little short-term impact but would move production to the United States in the longer term.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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BananaTang

22:10

BananaTang

Humm more domestical robot soon? like will smith movie "iRobot" 🥺👽😵‍💫😱 Poster caption " one man saw it coming" 🥺🥶😰

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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