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☆ Apple to Offer Rare Discount on iPhones in China
▼ + stars: | 2024-01-15 | by ( Alexandra Stevenson | More About Alexandra Stevenson | ) www.nytimes.com time to read: +1 min

Ever bought a discounted new phone from Apple? But in China, Apple is slashing the price of some of its latest iPhones by $70 amid worries that Chinese consumers have cooled on the brand. That would save a buyer about 6 to 8 percent, based on prices on Apple’s China website. Cutting prices on high-end electronics to buyers in China is an unexpected move for Apple, one that highlights the challenges the American company faces in China, where patriotic shoppers are choosing domestic brands amid rising US-China tensions. Apple and its Chinese rival, Huawei, are on the front lines of a battle over technology between Beijing and Washington that has seen both countries restrict access to foreign technology.

Organizations: Apple, Huawei Locations: China, Beijing, Washington

HONG KONG (AP) — Technology company Baidu on Monday refuted a newspaper report that said its artificial intelligence chatbot Ernie was linked to Chinese military research. The paper stated that the division had tested its artificial intelligence system on Baidu’s Ernie and on artificial intelligence firm iFlyTek’s Spark, both of which are language-based AI chatbots similar to ChatGPT. “Ernie Bot is available to and used by the general public,” the Chinese company said in its statement. Like ChatGPT, users can pose questions or requests to Ernie Bot, which would then generate content based on the initial prompt. The Beijing-headquartered firm said in December that it had more than 100 million users for Ernie Bot.

Persons: Ernie, Baidu, Ernie Bot Organizations: — Technology, Baidu, Hong, China Morning, People’s Liberation Army cyberwarfare, PLA Information Engineering University, China Morning Post, PLA, Huawei, U.S Locations: HONG KONG, Hong Kong, U.S, China, Taiwan, Beijing

☆ Microsoft's market cap hit $2.89 trillion as it overtook Apple as the world's most valuable public company
▼ + stars: | 2024-01-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Microsoft's market cap hit $2.89 trillion on Friday as it knocked Apple off the top spot. Meanwhile, slower iPhone sales in China have made life trickier for Apple. AdvertisementMicrosoft closed out Friday as the world's most valuable publicly traded company, pushing its long-time rival Apple off the top spot. The tech giant hit a market cap of $2.89 trillion while Apple's fell slightly to $2.87 trillion. The first downgrade by UK bank Barclays wiped out more than $100 billion in market cap in a single day.

Persons: Apple, —, Sam Altman's OpenAI, Minerva, Kathleen Brooks, hasn't Organizations: Apple, Service, Microsoft, CNBC, NASDAQ, Apple Watch, Barclays, Huawei, Jefferies Locations: China, San Francisco, California

☆ Move over Apple: Microsoft is now the most valuable publicly traded company
▼ + stars: | 2024-01-12 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +1 min

After trailing behind Apple for the majority of the past decade, Microsoft is the world’s most valuable publicly traded company as of market close on Friday. The tech giant’s stock (MSFT) closed at $388.47 a share on Friday, giving it a market capitalization of $2.89 trillion. Market capitalization — or market cap — is the total value of all the shares of a publicly traded company. In other words, it’s the market value of the company. Apple also recently contended with a brief ban from selling the latest Apple Watch models in the United States.

Persons: Satya Nadella, That’s Organizations: New, New York CNN, Microsoft, Apple, Beijing, Huawei Locations: New York, United States

☆ Apple iPhone sales in China fell more than 30% during first week of 2024: Analysts
▼ + stars: | 2024-01-08 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Apple's iPhone sales in China were down more than 30% year over year for the first week of January, while competitors such as Xiaomi and Huawei have "remained much stronger" with flat sales, according to a Sunday note from Jefferies analysts. Jefferies analysts said they believe Apple's iPhone volume will fall by double digits this year in China, adding that they "expect Apple to have even higher revenue pressure in China in 2024." Huawei gained the most smartphone market share in China in 2023, according to the note, rising about 6% year over year. Meanwhile, Apple's market share in China has fallen around 4% year over year, according to the note. The Jefferies analysts said iPhone discounts in China are on the rise, which is likely part of Apple's effort to "defend its share."

Persons: Piper Sandler, — CNBC's Michael Bloom Organizations: Huawei, Jefferies, Barclays, Apple, CNBC PRO Locations: China

☆ China's Xpeng claims its latest EV model could be an industry 'game changer'
▼ + stars: | 2024-01-05 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

watch nowChinese electric vehicle company Xpeng told CNBC on Friday that its newly launched X9 model could be a "game changer" for the industry. Xpeng launched the X9 large 7-seater EV on Jan. 1, a car built on its SEPA2.0 architecture for the Chinese market. Xpeng's new launch comes as several domestic EV players such as Nio , Huawei and Zeekr recently revealed new electric vehicles. Stiff competitionCompetition is intensifying in the Chinese EV market, with BYD, Li Auto and Geely among the small number of players that have hit their annual sales targets. Gu is optimistic on China's EV market in 2024 despite challenges, saying that "2024 will be a very competitive year" with new model and brand launches.

Persons: Xpeng, Brian Gu, Emily Tan, Gu, Zeekr, Xpeng Xpeng, Guangdong Huitian, Li Auto, Vincent Sun, Xpeng Nio, Li, BYD, Tesla, TrendForce Organizations: CNBC, Jan, EV, Huawei, Guangdong Huitian, Li Auto Locations: China, Europe, Guangdong, U.S

Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Cloud competition from HuaweiAlibaba has been an industry leader in the cloud business. Alibaba in November blamed U.S. restrictions on chip sales to China for the decision to pull the cloud IPO. Alibaba said its cloud business revenue grew by just 2% year on year in the quarter ended Sept. 30. Those resellers were other companies that had acted as distributors or agents for Alibaba cloud and received commissions.

Persons: Brendan McDermid, It's, Alibaba, hasn't, they're, Duncan Clark, Clark, ”, Jack Ma, Brian Wong, Eddie Wu, Trudy Dai, Daniel Zhang, Yi Zhang, —, Alibaba's, Canalys, BDA's Clark Organizations: Alibaba Group Holding, New York Stock, Reuters, BDA, Alibaba Group, Alibaba, Duncan Clark BDA, Huawei Alibaba, Huawei, Tencent, “ Global Locations: Reuters BEIJING, U.S, China, Beijing, Alibaba

☆ BYD beats Tesla for a second straight year after producing more than 3 million cars in 2023
▼ + stars: | 2024-01-02 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Arjun Kharpal | CNBCBEIJING — BYD produced more than 3 million new energy vehicles in 2023, surpassing Tesla 's production for a second straight year. Tesla said Tuesday it produced 1.84 million cars in 2023. While total production surpassed Tesla, BYD manufactured 1.6 million battery-only passenger cars and 1.4 million hybrids, putting Tesla on top for battery-only production. Stock Chart Icon Stock chart iconEven though it surpassed the 3 million mark, BYD's annual sales slightly missed CLSA's expectations for 3.05 million vehicles. BYD said it sold 3.02 million new energy vehicles in 2023.

Persons: BYD, Arjun Kharpal, Tesla, Elon, Aito, Geely, Zeekr, Nezha, Joel Ying, — CNBC's Michael Bloom Organizations: CNBC BEIJING, Elon Musk's, Monday, Overseas, CNBC, EV, China, EU Locations: Europe, Munich, Germany, China, Hong Kong, Hungary

☆ AI boom fails to propel China's cloud market growth
▼ + stars: | 2023-12-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Excitement over artificial intelligence isn't yet fueling a boom in cloud services spending in mainland China. "The Chinese cloud services market remains conservative, relying heavily on government and state-owned enterprises to drive growth," tech market analysis firm Canalys said in a report Wednesday. Training AI models on the cloud, following a surge of interest in the potential of ChatGPT-like services, has been expected to drive the industry's growth. Alibaba 's cloud business, with the country's largest market share at 39%, reported just 2% year-on-year revenue growth in the quarter ended Sept. 30. Huawei, which isn't publicly traded and is the second largest cloud player, didn't separately state its cloud revenue for the third quarter, nor did Hong Kong-listed Tencent .

Persons: Canalys, isn't Organizations: Artificial Intelligence, Huawei Locations: Shanghai, BEIJING, China, Hong Kong

"There cannot be any pressure on India to cut down emissions," India's power and renewable energy minister R.K. Singh said on Nov. 30. ASIAN EMISSIONS RISETo be sure, fast-growing Asia, home to half the world's population, accounts for three-fifths of global emissions from power generation, including from sectors exporting goods and services to the west. Despite challenges, Asia, along with Europe and North America, have cut the share of coal in power use, although at a slower pace. Cuts in nuclear power have slowed Europe and North America's fight to reduce emissions, although nuclear's share of their power mix remains well above Asia's. The share of gas in power generation has risen in the West, with the fuel accounting for a shrinking share in Asia.

Persons: Tingshu Wang, R.K, Singh, Hogeveen Rutter, Rutter, ISA's Rutter, Sudarshan Varadhan, Tony Munroe, Sonali Paul Organizations: Huawei, REUTERS, U.S, European Union, North America, International Solar Alliance, Reuters, WEST, North, Institute for Energy Economics, Thomson Locations: Shaanxi, China, Asia, SINGAPORE, America, Europe, India, North America, Paris, North, North America Asia, West Asia, West, Indonesia

☆ AT&T chooses Ericsson for new U.S telecom network, will drop Nokia
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: +2 min

New networks by Dish and Japan's Rakuten use Open RAN. "All of the new equipment that we are going to be putting out will be Open RAN capable," Chris Sambar, president of AT&T Network, told Reuters. Winning the Open RAN deal will make Ericsson the largest supplier to AT&T as it slowly takes over Nokia's share, the company said. AT&T will still have contracts which other Open RAN vendors outside this deal. AT&T expects fully integrated Open RAN sites operating in coordination with Ericsson and Fujitsu, starting in 2024.

Persons: Chris Sambar, Sambar, You've Organizations: Ericsson, Mobile, Nokia, Huawei, Telefonica, Vodafone, Dish, RAN, AT, T Network, Reuters, Samsung, Verizon, U.S ., Fujitsu Locations: Barcelona, Spain, ORAN, United States, New York

☆ Wall Street underscores why we're in Apple and Microsoft for the long haul
▼ + stars: | 2023-12-04 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

A new batch of Wall Street commentary on Monday highlights exactly why we're bullish on mega cap tech stocks Apple (AAPL) and Microsoft (MSFT). AAPL YTD mountain Apple (AAPL) year-to-date performance New data from UBS indicated that Apple continues to grab market share in India. That's one of many reasons why the Club continues to reiterate an "own it, don't trade it" stance on Apple stock. Microsoft also confirmed that the company has had consistent access and rights to all of OpenAI's intellectual property and technology. Microsoft stock, up over 53% year-to-date, was trading 1.49% lower Monday, at $368.09.

Persons: OpenAI, Apple, Tim Cook, We're, –, Sam Altman, Altman, Piper Sandler, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Apple, Microsoft, UBS, Analysts, CNBC, Counterpoint Research, –, Huawei, U.S, Traders, New York Stock Exchange Locations: India, U.S, China, Europe, OpenAI, New York City

New networks by Dish (DISH.O) and Japan's Rakuten (4755.T) use Open RAN. "All of the new equipment that we are going to be putting out will be Open RAN capable," Chris Sambar, president of AT&T Network, told Reuters. Winning the Open RAN deal will make Ericsson the largest supplier to AT&T as it slowly takes over Nokia's share, the company said. AT&T will still have contracts which other Open RAN vendors outside this deal. AT&T expects fully integrated Open RAN sites operating in coordination with Ericsson and Fujitsu (6702.T), starting in 2024.

Persons: Brendan McDermid, Japan's Rakuten, Chris Sambar, Sambar, You've, Supantha Mukherjee, Matthew Lewis Organizations: New York Stock Exchange, REUTERS, Rights, Ericsson, Nokia, Huawei, Telefonica, Vodafone, RAN, AT, T Network, Reuters, Samsung, Verizon, U.S ., Fujitsu, Thomson Locations: New York, U.S, ORAN, United States, Stockholm

Bernstein named Taiwan Semiconductor a "best idea" for 2024, raising its price target on the stock. — Alex Harring 7:01 a.m. In addition to the best-pick honor, analyst Steve Scala has an outperform rating and $86 price target. Analyst Michael Lavery downgraded the stock to neutral from overweight and slashed his price target by $40 to $200. ET: Morgan Stanley hikes PDD price target, calls stock a top pick following earnings Morgan Stanley named Chinese e-commerce name PDD Holdings a top pick following its latest quarterly earnings report.

Persons: Bernstein, Morgan Stanley, LSEG, Bank of America's Tal Liani, Morgan Stanley's Hamza Fodderwala, Alex Harring, Craig Siegenthaler, Blackstone, That's, — Alex Harring, Ken Hoexter, Hoexter, TD Cowen, Steve Scala, Scala, Jefferies, John Colantuoni, bode, Colantuoni, Neil Beveridge, Josh Silverstein, Silverstein, JMP, Baldwin, Mitch Germain, Germain doesn't, Germain, Piper Sandler, Michael Lavery, Lavery, elasticities, HSY's, Hershey, Eddy Wang, Wang, Mark Li, Li, — Fred Imbert Organizations: CNBC, Taiwan Semiconductor, Holdings, Wall, Bank of America, Bank of America's, KKR, Apollo Global Management, Pacific, Transport, AstraZeneca, pharma, Airbnb, Toyota, UBS, Exxon Mobil, Natural Resources, Exxon Mobil's, Hershey, PDD, U.S, LSEG, Commerce, PDD's U.S, Apple, Huawei Locations: Tuesday's, Ivory Coast, Ghana, 4Q23, Taiwan, China

Main auto partner Chongqing Changan Automobile (000625.SZ) and relevant parties will own up to 40% of the new firm, a Changan Auto statement showed on Sunday. Neither Changan Auto nor Huawei disclosed financial details. Changan Auto referred Reuters to its Sunday statement and declined to comment further. Huawei has partnerships with other auto companies, including Seres Group (601127.SS) and Jianghuai Automobile (600418.SS), as well as with Changan Auto involving EV brands Avatr and Deepal. The proposed deal will also smooth the way for the business' listing, as Huawei had planned, said two of the people.

Persons: Ren Zhengfei, Ren, Richard Yu, Julie Zhu, Zhuzhu Cui, David Kirton, Brenda Goh, Christopher Cushing Organizations: Huawei Technologies, Changan Auto, Bosch, Chongqing Changan Automobile, Huawei, Auto, China Ordnance Equipment Group, China South Industries, FAW Group, Dongfeng Motor, HK, Reuters, Seres, Jianghuai, Changan, EV, Thomson Locations: HONG KONG, SHANGHAI, Chongqing, China, Changan, Shanghai

☆ Nvidia CEO: U.S. chipmakers at least a decade away from China supply chain independence
▼ + stars: | 2023-11-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Jensen Huang, CEO of NVIDIA, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. (Tom Williams/CQ-Roll Call, Inc via Getty Images)U.S. chipmakers are at least a decade away from "supply chain independence" from China, Nvidia CEO Jensen Huang told CNBC's Andrew Ross Sorkin. "But total independence of supply chain is not a real practical thing for a decade or two." "The most critical technology that we build, the leading edge of it is not made available to China," Huang told Sorkin. Nvidia is still a decade ahead of those companies, Huang said in specific reference to sanctioned Chinese manufacturer Huawei.

Persons: Jensen Huang, Tom Williams, CNBC's Andrew Ross Sorkin, Huang, Biden, Sorkin Organizations: NVIDIA, Inc, Getty Images, Nvidia, New York Times, DealBook Conference, Huawei Locations: China, U.S

☆ Huawei is pushing its tech into the EV world with new cars, automaker partnerships
▼ + stars: | 2023-11-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Changan and Huawei are already partners for the Avatr electric car brand, created in 2018 with electric car battery giant Contemporary Amperex Technology . Huawei is also working with Chery on the Luxeed electric car brand, which revealed details for its S7 sedan on Tuesday. BAIC, whose Arcfox electric brand already uses Huawei tech, and JAC did not immediately respond to a request for comment. Tencent , which operates China's social media app WeChat, has claimed it supplies BMW and some other automakers with car tech. Selling a suite of car tech products called "Huawei Inside," while the automaker designs the vehicle.

Persons: JAC, Richard Yu, BAIC, Tu Le, It's, Huawei's Yu Organizations: Getty, Nurphoto, Huawei, Changan Automobile, Technology, Chery, BAIC, BMW Locations: SHANGHAI, CHINA, Shanghai, China, BEIJING, Beijing, U.S

☆ GM to cut spending on Cruise after accident - FT
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: 1 min

Technology category · November 28, 2023 · 8:23 AM UTCHuawei Technologies (HWT.UL) said some of its automotive partnerships, having gained skills in user experience, product design and marketing, were now ready to move towards independent operations and investment.

Organizations: Huawei Technologies

☆ Alibaba Cloud suffers second service outage in a month
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsBEIJING, Nov 28 (Reuters) - Alibaba's (9988.HK) cloud service said it suffered a near two-hour long disruption affecting customers in mainland China, Hong Kong and the United States on Monday, its second outage within a month. The impact was mainly felt by several of Alibaba Cloud's database management products, including PostgreSQL, Redis and MySQL editions. "From 09:16 Beijing time (0116 GMT) on November 27, 2023, Alibaba Cloud monitoring detected abnormalities in console and OpenAPI access for database products," Alibaba Cloud said in a statement posted on its websites on Tuesday. "This is hugely damaging to Alibaba Cloud's brand image as a reliable cloud service provider."

Persons: Dado, Alibaba, Feng Ruohang, Yelin Mo, Brenda Goh, Simon Cameron, Moore Organizations: REUTERS, Rights, Huawei, China Telecom, HK, IDC, Thomson Locations: Rights BEIJING, HK, China, Hong Kong, United States, Beijing, Shanghai, Virginia, U.S, East Asia, Southeast Asia, East, North America

In public, the company has announced its staggering growth with a steady cadence of news releases. But in classified American intelligence channels, there have been more concerning reports about the company. and other American spy agencies have issued warnings about G42’s work with large Chinese companies that U.S. officials consider security threats, including Huawei, the telecommunications giant that is under U.S. sanctions. U.S. officials fear G42 could be a conduit by which advanced American technology is siphoned to Chinese companies or the government. The intelligence reports have also warned that G42’s dealings with Chinese firms could be a pipeline to get the genetic data of millions of Americans and others into the hands of the Chinese government, according to two officials familiar with the reports.

Persons: Sheikh Tahnoon bin Zayed, Jake Sullivan Organizations: United Arab, White House, AstraZeneca, OpenAI, Huawei Locations: United Arab Emirates, China, Silicon, U.S

☆ Huawei to move smart car operations to new joint company with Changan
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Nov 26 (Reuters) - China's Huawei (HWT.UL) said on Sunday it will move core technologies and resources in its smart car unit, which has chalked up robust sales for a number of new vehicles, to a new joint company owned up to 40% by automaker Changan Auto. The new company will engage in research and development, production, sales and service of intelligent automotive systems and component solutions, Huawei said in a press release. "The new company will ... work with partners to promote innovation and leadership in smart car technology and promote the prosperity and development of the automotive industry," the release said. "The two parties will jointly support the target company to become an industry leader in automotive intelligent systems and component solutions based in China," the filing said. Huawei has repeatedly said it does not make cars on its own but only helps other automakers make better vehicles.

Persons: Yu Chengdong, Changan, Laurie Chen, Brenda Goh, Edmund Klamann Organizations: Huawei, Changan Auto, Chongqing Changan Automobile, Shenzhen Stock Exchange, Seres, Chery, Thomson Locations: BEIJING, Chongqing, China, Shenzhen, Beijing, Shanghai

☆ China's Realme hits 200 million shipment milestone, to launch premium phones
▼ + stars: | 2023-11-26 | by ( Josh Ye | ) www.reuters.com time to read: +1 min

A man looks at his mobile phone next to a logo of Realme during its X50 5G product launch event in Beijing, China January 7, 2020. Realme, owned by Chinese consumer hardware giant BBK Electronics which also owns the Oppo and Vivo brands, said it had reached the 200 million mark in the second quarter. In total, just 14 companies globally which have shipped over 200 million phones to date. "We came into existence when there were over 700 smartphone brands in the world," said Xu Qi, Realme's chief marketing officer. Xiaomi (1810.HK) has recently released the Xiaomi 14 Pro which also runs on the new Snapdragon 8 Gen 3.

Persons: Jason Lee, Realme, Xu Qi, Xu, Josh Ye, Miral Organizations: REUTERS, Research, Huawei, Samsung, Apple, Counterpoint Research, HK, Thomson Locations: Beijing, China, HONG KONG

Apple (AAPL), Amazon (AMZN) and Nvidia (NVDA) made news heading into the end of this holiday shortened trading week. AAPL YTD mountain Apple (AAPL) year-to-date performance The news: Apple smartphone sales in China reportedly lagged those of Hauwei and Xiaomi during the country's recent Singles Day shopping event. Yes, there is smartphone competition to the iPhone in China, but Apple remains an aspirational brand there (and everywhere) because of its pricing, product quality and closed ecosystem. Nvidia garners around 20% of its revenue from China, and continues to face competition from Chinese companies like Huawei. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Daniel Ives, Ives, we're, it's, Jim Cramer's, Jim Cramer, Jim Organizations: Apple, Nvidia, Reuters, Counterpoint Research, Huawei, Xiaomi, Miami Dolphins, New York Jets, National Football, NFL, Amazon, CNBC, Getty Locations: China, Asia, India, Taipei, Taiwan

The California-based AI chip giant had been expected to launch the new products as early as Nov. 16, chip industry newsletter SemiAnalysis reported this month. However, the H20 launch has now been pushed back until the first quarter of next year, the sources said, with one saying they were advised it could take place in February or March. In addition to the H20, Nvidia has been planning two other chips to comply with new U.S. export rules - the L20 and L2. The sources said the L20 was not facing delays and would launch according to its original schedule. Chinese internet giant Baidu (9888.HK) placed a sizeable order for Huawei AI chips this year, Reuters reported this month citing sources.

Persons: Dado Ruvic, Baidu, Fanny Potkin, Yelin, Brenda Goh, Jamie Freed Organizations: NVIDIA, REUTERS, Rights, Nvidia, Huawei, U.S, Baidu, HK, Reuters, Thomson Locations: Rights SINGAPORE, BEIJING, China, The California, U.S, Singapore, Yelin Mo, Beijing, Shanghai

☆ Nvidia shares fall as it reportedly delays China AI chip designed to comply with U.S. export rules
▼ + stars: | 2023-11-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

It comes after Reuters , citing two sources familiar with the matter, reported that Nvidia told Chinese customers that it is delaying the launch of an AI chip that is designed to comply with U.S. export rules until the first quarter of next year. Nvidia shares were down around 2.4% in pre-market trade, on what will be a shortened trading day in the U.S.Nvidia shares fell on Friday with the company reportedly delaying a new artificial intelligence chip for China that has been designed to comply with U.S. export restrictions. The new chip, called the H20, was being delayed due to issues server manufacturers were having integrating the semiconductor into their products, Reuters reported. In October, the U.S. government further tightened export curbs on AI chips to China. As well as the H20, Nvidia is also gearing up to launch two other export-compliant chips called the L20 and L2, Reuters reported.

Organizations: Nvidia, Reuters, CNBC, Huawei Locations: U.S, China

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