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STMicroelectronics CEO says China is a growth market despite US chip war
Economic Times
·
1y ago
Medial
Despite increasing tensions between the US and China over semiconductors, French-Italian semiconductor company STMicroelectronics remains committed to the Chinese market. CEO Jean-Marc Chery expressed confidence in the company's growth prospects in China, particularly in areas such as electric vehicles, digital power controls, and renewable energy. STMicroelectronics sees the investment by Chinese chipmakers as both a risk and an opportunity, but believes its strategy of local production and joint ventures will ensure continued growth. Currently, China accounts for 15% of the company's revenue, and they expect further penetration in the Chinese market, especially in silicon carbide technology.
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Related News
America’s chip war with China will spread
Livemint
·
8m ago
Medial
Amidst the ongoing chip war between the US and China, the US holds the upper hand in cutting-edge technology while China gains an advantage in the production of mature, or 'legacy', chips. China's aggressive expansion in legacy chip production is driven by rising demand for essentials like automobiles and household appliances. Chinese companies are investing heavily in wafer fabrication equipment and increasing their global market share in mature nodes. This poses a risk to US players and may require state aid to compete with China. The conflict in the chip war is likely to spread beyond advanced technologies.
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Former ASML CEO says US-China chip fight will continue
Economic Times
·
1y ago
Medial
The former CEO of ASML, the largest tech firm in Europe, believes that the disputes between the US and China over computer chips are based on ideology rather than facts. US export restrictions on ASML tools have been increasing since 2018 due to security concerns, affecting the company's business in China. The CEO emphasized the need to strike a balance in managing stakeholders' interests and expressed concerns about the impact of ideology on the decision-making process. He predicted that the chip war could last for decades due to geopolitical interests.
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Nvidia CEO in Taipei to visit TSMC, says in talks with US over new China chip - The Economic Times
Economic Times
·
8d ago
Medial
Nvidia CEO Jensen Huang visited Taipei to meet chip foundry partner TSMC amid US-China tensions over AI chips. Nvidia is in talks with the US about introducing the B30A chip to China, succeeding the H20. Although permission was granted for H20 sales after restrictions, security concerns arose in China. Nvidia has paused H20 production and is assessing its supply chain, as both governments negotiate chip sales and security implications.
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Trump and Nvidia CEO discuss DeepSeek, AI chip exports during meeting, source says
Economic Times
·
7m ago
Medial
During a meeting at the White House, US President Donald Trump and Nvidia CEO Jensen Huang discussed the Chinese company DeepSeek and the regulation of AI chip exports. Amid concerns about China's advancements in AI, the discussion focused on strengthening US leadership in technology. As DeepSeek's AI model gained popularity, it impacted the US tech market. Additionally, the Trump administration is considering further restricting Nvidia's AI chip exports to China to maintain advanced computing power within the US and its allies.
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Nvidia's AI heft to power results again, Wall Street seeks China clarity
Economic Times
·
1y ago
Medial
Nvidia, the artificial intelligence chip leader, is expected to deliver strong revenue results, but the focus is on the impact of widening US restrictions on chip sales to China. China is Nvidia's third-largest market and accounts for over 20% of its revenue. The recent export curbs on Nvidia's H800 and A800 chips have raised concerns about the company's market dominance. Despite Nvidia's assurance of no immediate impact, its stock declined due to worries about potential losses in Chinese orders. However, analysts believe Nvidia's growth might eventually reduce reliance on revenue from China.
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Nvidia CEO says next chip after H20 for China won't be from Hopper series
Economic Times
·
3m ago
Medial
Nvidia is reassessing its approach to the Chinese market after U.S. restrictions on Hopper H20 chip sales. CEO Jensen Huang confirmed the next chip for China wouldn't be from the Hopper series. Facing competition from domestic rivals like Huawei, Nvidia plans to introduce a downgraded H20 version to sustain sales. China, vital to Nvidia's growth, contributed $17 billion in revenue, 13% of total sales. Huang criticized past AI export regulations, advocating for broader technology distribution.
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Nvidia chief calls Elon Musk an ‘extraordinary engineer’, says Optimus robot will be next big thing
Economic Times
·
3m ago
Medial
Nvidia CEO Jensen Huang praised Tesla's Elon Musk as an extraordinary engineer, emphasizing their strong business ties. Tesla and xAI are among Nvidia's top customers, with collaboration expected in AI and robotics, particularly the Optimus robot, potentially a multi-trillion-dollar industry. Despite geopolitical challenges and US restrictions affecting sales to China, Nvidia reports robust financial growth, projecting a 50% revenue increase in the forthcoming quarter due to rising AI chip demand.
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Nvidia CEO says not attending Trump's inauguration
Economic Times
·
7m ago
Medial
Nvidia CEO Jensen Huang will not attend the US presidential inauguration, choosing instead to celebrate the Lunar New Year with employees. He recently discussed increasing production of Nvidia's AI chips with TSMC. Nvidia's growth faces potential challenges from new US export restrictions on AI chips, targeting countries like China. These restrictions, introduced during Biden's administration and likely supported by the incoming Trump administration, aim to limit advanced chip exports to protect US interests.
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Nvidia CEO to hold media briefing in Beijing on July 16 - The Economic Times
Economic Times
·
1m ago
Medial
Nvidia CEO Jensen Huang will visit Beijing on July 16 for a media briefing, marking his second trip to China since April. Amid US restrictions on Nvidia's chip exports due to military concerns, Huang's visit is significant, given that China accounted for $17 billion in revenue for Nvidia last fiscal year. Despite competition from Huawei, Chinese firms still demand Nvidia chips. US senators advised Huang to avoid meetings with certain entities while in China.
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Nvidia says it will resume sales of 'H20' AI chips to China - The Economic Times
Economic Times
·
1m ago
Medial
Nvidia will resume sales of its H20 AI chips to China following the U.S. government's decision to ease export restrictions. The H20 chip, a less powerful AI processing unit, was specifically developed for the Chinese market. Nvidia CEO Jensen Huang expressed optimism about restarting shipments. China remains a crucial market for Nvidia amidst local competition and geopolitical tensions. Huang is also set to attend a major supply chain event in China.
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