A timeline of the US semiconductor market in 2025

Core Insights - Nvidia faces challenges in resuming chip sales in China due to regulatory issues and domestic bans on its products [1][2] - The U.S. government has reversed its stance, allowing Nvidia and AMD to sell AI chips to China under specific conditions [6] - Nvidia reported record revenue of $57 billion in Q3 2025, a 66% increase year-over-year, primarily driven by its data center business [5] Regulatory Environment - China's State Administration for Market Regulation ruled that Nvidia violated antitrust regulations related to its 2020 acquisition of Mellanox Technologies [1] - The Cyberspace Administration of China has instructed domestic companies not to purchase Nvidia's chips to promote local chip sales [2] - The Trump administration is considering semiconductor tariffs that would require companies to produce chips domestically at the same volume as internationally [3] Company Developments - Intel announced a new processor, Panther Lake, which will be produced at its Arizona fab factory [4] - Nvidia entered a non-exclusive licensing deal with Groq, acquiring $20 billion worth of its assets while hiring key personnel [7] - Intel made significant leadership changes, including the departure of its CEO of products, Michelle Johnston Holthaus [8] Financial Performance - Nvidia's data center business saw a revenue increase of 56% year-over-year in Q2 2025, contributing to its record sales [9] - The U.S. government allowed Nvidia to sell its advanced H200 chips to approved customers in China, marking a significant policy shift [6] - Nvidia's previous licensing requirements on its H20 AI chips resulted in a $4.5 billion charge in Q1 2025, with expectations of an $8 billion revenue hit in Q2 [30]