Core Viewpoint - The article discusses the impact of U.S. export controls on Nvidia's business, particularly in the Chinese market, highlighting the company's cautious outlook and potential revenue losses due to these restrictions [1][2]. Group 1: U.S. Export Controls - Nvidia's CEO, Jensen Huang, does not expect the U.S. to lift export controls, indicating that any change would be a significant surprise [1] - Huang criticized the export controls, stating that their objectives have not been met and should be clearly defined and time-tested [1] - Analyst Gil Luria from D.A. Davidson suggests that if Nvidia cannot resume sales in China after the next quarter, expectations for 2026 may be revised downward [1] Group 2: Financial Impact - Nvidia reported a loss of $2.5 billion in sales due to export restrictions in the first quarter, with an anticipated loss of $8 billion in the second quarter [1] - The company is currently evaluating its "limited market options" in China, having been effectively excluded from the $50 billion data center market until new product designs are approved by the U.S. government [1] - In the first quarter, Nvidia's H20 sales revenue was $4.6 billion, with Chinese business accounting for 12.5% of total revenue, driven by pre-emptive stockpiling by customers before the implementation of export controls [2]

Core Viewpoint - Nvidia's CEO announced that the company will adjust its forecast range due to U.S. chip export controls [1] Group 1 - Nvidia is facing challenges in its business outlook as a result of new U.S. regulations on chip exports [1] - The company is likely to revise its revenue projections in light of these export restrictions [1] - The impact of these regulations may affect Nvidia's competitive position in the global market [1]

Core Viewpoint - The article discusses the ongoing tensions between the U.S. and China regarding the semiconductor industry, highlighting the U.S. accusations against Chinese chip manufacturers and the implications of export controls on both countries' tech sectors [1][3][5]. Group 1: U.S. Accusations and Export Controls - U.S. Commerce Secretary Raimondo criticized Chinese chip companies, claiming they are not producing advanced chips for AI training and smartphones as they assert [1]. - The U.S. Department of Commerce reports that China's annual production of AI training chips is approximately 200,000 units, significantly below the market demand of around 1.5 million units [5]. - Raimondo called for stricter export controls on chips to China, citing the need to prevent technology theft, amidst a backdrop of increasing restrictions since 2019 [3][5]. Group 2: Impact on Semiconductor Industry - The U.S. semiconductor industry has seen a decline in domestic manufacturing share from 37% in 1990 to 11% currently, while China's share has increased from 7% to 24% during the same period [7]. - Major players in the 10nm and below logic chip market, TSMC and Samsung, dominate with 69% and 31% market shares respectively, creating a monopolistic environment [7]. - U.S. sanctions have not only affected Chinese firms but have also disrupted the global semiconductor supply chain, impacting U.S. companies with supply chain issues and market share losses [11]. Group 3: China's Semiconductor Advancements - Despite U.S. restrictions on advanced equipment exports, Chinese companies like Northern Huachuang and Zhongwei Semiconductor have made significant progress in back-end equipment technologies [14]. - Zhongwei Semiconductor's 5nm etching machine has been successfully integrated into TSMC's production line, indicating advancements in China's chip manufacturing capabilities [16]. - China's 12-inch wafer production capacity is expanding at a rate of 30% annually, particularly in the mature process nodes of 28nm and above, positioning China to capture a significant share of the international market [16]. Group 4: Competitive Position and International Relations - Chinese AI chips, such as Huawei's Ascend series, demonstrate competitive performance, achieving 60% of NVIDIA's H100 inference performance while reducing training costs by 40% [18]. - China has implemented export controls on rare earth materials, crucial for semiconductor manufacturing, impacting U.S. companies reliant on these materials, particularly in the automotive sector [22]. - China has signed a $280 billion chip order with ASEAN and African nations, diversifying its market dependencies and strengthening its position in the global semiconductor landscape [24]. Group 5: U.S. Allies and Internal Dissent - U.S. allies are reconsidering their positions, with the Netherlands refusing to fully comply with U.S. directives on DUV lithography machine exports, citing domestic business impacts [25]. - Major companies like Samsung and SK Hynix have lobbied against restrictions on China, warning that such measures could cripple the global automotive industry [27]. - Internal dissent in the U.S. is growing, with former officials questioning the effectiveness of sanctions and the potential for significant job losses in the semiconductor sector [27].

Group 1 - The core issue is the ongoing tensions between the US and China regarding chip exports, with the US imposing stricter controls to hinder China's chip industry development [1][7] - The Chinese government has indicated a willingness to engage in dialogue with the US, but insists that such discussions must be based on equality and respect [1][3] - The US's actions, particularly in the semiconductor sector, reflect a continued intent to contain China's growth despite a temporary pause in the trade war [1][5] Group 2 - Former South Korean Foreign Minister Kang Kyung-wha, now the president of the US Asia Society, is in China to mediate the chip-related disputes, aiming to foster understanding between the two nations [3] - There is significant internal opposition in the US against Trump's trade policies, with some Republican lawmakers arguing that the trade deficit with China does not equate to a zero-sum game and that both economies benefit from trade [5] - A coalition of 12 US states has filed a lawsuit against Trump, challenging the legality of his tariff impositions, which they argue have harmed their interests [5] Group 3 - The ongoing chip export restrictions from the US are seen as a form of economic warfare that impacts both countries, with China striving to enhance its semiconductor capabilities through increased R&D investment [7] - The future of US-China relations in the semiconductor sector is critical for the global chip industry, as both nations navigate the challenges and opportunities presented by their rivalry [7]

Core Viewpoint - The article discusses the failure of the U.S. chip restrictions aimed at curbing China's AI development, highlighting that these measures have caused more harm to U.S. companies than to China, ultimately accelerating China's technological advancements in AI [1][4]. Group 1: Impact of U.S. Chip Restrictions - U.S. chip export restrictions have been in place for years, initially intended to prevent military advancements in China and maintain U.S. dominance in the AI sector [1]. - NVIDIA CEO Jensen Huang stated that the restrictions have resulted in a loss of $15 billion in sales for U.S. companies, indicating that the costs of these measures outweigh their intended benefits [1][4]. - Analysts suggest that the restrictions have inadvertently fostered innovation within China, as local startups and talent have gained opportunities due to the limitations imposed on U.S. firms [3][4]. Group 2: Responses from Analysts and Experts - Independent analyst Ray Wang noted that while the restrictions have had some success in limiting military access to advanced technologies, they have also created challenges due to policy loopholes and existing semiconductor inventories in China [3]. - Paul Triolo from DGA Group emphasized that the restrictions have diminished U.S. companies' ability to enter the Chinese market, thereby accelerating innovation within China's domestic industry [3][4]. - The Information Technology and Innovation Foundation (ITIF) criticized the Biden administration's export control policies as fundamentally flawed, arguing that they isolate U.S. companies from the Chinese market, which is detrimental to long-term innovation [4].

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自半导体芯闻综合 ，谢谢 。 5月19日，有记者问针对美国商务部调整芯片出口管制提问称，美国商务部网站调整了其5月12日 发布的AI芯片出口管制指南新闻稿相关表述，将"在世界任何地方使用华为昇腾芯片均违反美国出 口管制法规"调整为"警告业界使用中国先进计算机芯片，包括特定华为昇腾芯片的风险"。请问中 方对此有何评论？ 商务部新闻发言人回答表示，5月15日商务部例行新闻发布会上，中方已就相关问题阐明严正立 场。美方发布有关指南后，中方通过中美经贸磋商机制，在各层级与美方进行交涉沟通，指出美方 行为严重破坏中美日内瓦高层会谈共识，要求美方纠偏纠错。中方注意到，近日美方对指南新闻稿 相关表述进行了调整，但指南本身的歧视性措施和扭曲市场本质并没有改变。 美方滥用出口管制措施，以莫须有的罪名对中国芯片产品加严管制，甚至干涉中国公司在中国境内 使用中国自己生产的芯片，美方的手伸得太长，是典型的单边霸凌行径，中方坚决反对。美方行为 严重损害中国企业正当权益，严重威胁全球半导体产供链安全稳定，严重冲击全球科技创新。给别 人"下绊子"，不会让自己跑的更快。这种以单边保护主义 ...

Group 1 - FedEx announced the appointment of John A. Smith as the President and CEO of FedEx Freight, with R. Brad Martin as the Chairman of the Board, effective after the completion of the spin-off expected in June 2026 [1] - The spin-off of FedEx Freight is progressing as planned, with the completion date set for June 2026 [1] Group 2 - Dingdong Maicai has initiated a strategic upgrade, restructuring its product development center into 10 independent divisions led by core executives, aiming for improved operational efficiency [2] - The Dingdong Maicai app has undergone a redesign, introducing new features such as a "Quality Love" section and AI-driven functionalities [2] Group 3 - Hyundai Motor will suspend production of electric vehicles IONIQ 5 and KONA in its Ulsan plant from May 27 to May 30, marking the third suspension this year [3] Group 4 - Shenzhou Car Rental and BYD signed a strategic cooperation agreement to promote the application of new energy vehicles in the rental market, aiming for large-scale and standardized development [4] Group 5 - Xiaomi's CEO Lei Jun announced that the Xiaomi玄戒O1, a self-developed 3nm flagship chip, has begun mass production, with two flagship products set to launch soon [5] Group 6 - "Digital Optical Core" completed a tens of millions RMB A+ round financing, with funds allocated for ongoing chip research and team expansion [6] - "Junhe Alliance Biotech" secured several million RMB in strategic financing to advance its product pipeline in serious and consumer healthcare sectors [8] Group 7 - NVIDIA's CEO Jensen Huang expressed deep concern over the U.S. export ban on H20 chips to China, predicting a $15 billion reduction in sales and labeling the restrictions as shortsighted [9] Group 8 - The Ministry of Housing and Urban-Rural Development of China emphasized the importance of transforming existing buildings into quality housing as part of its urban renewal initiative [10] Group 9 - Japan is considering accepting U.S. tariff reductions instead of exemptions, indicating a shift in trade negotiations [11] Group 10 - South Korea's household credit reached a historical high in Q1, with a balance of 1,928.7 trillion KRW, reflecting a 2.8 trillion KRW increase from the previous quarter [12] Group 11 - The "Private Economy Promotion Law" officially came into effect, establishing the legal status of the private economy and promoting its sustainable and high-quality development [13] Group 12 - The Chinese Ministry of Commerce criticized the U.S. for its discriminatory export control measures against Chinese chip products, urging for corrections and mutual cooperation [14]

Domestic News - Xi Jinping conducted an inspection in Luoyang, Henan Province, focusing on the development of advanced manufacturing, cultural heritage protection, and high-quality development of the cultural tourism industry [1] - The Ministry of Commerce urged the U.S. to correct its discriminatory measures against China regarding the adjustment of chip export controls [1] - The National Development and Reform Commission announced a reduction in domestic gasoline and diesel prices by 230 yuan and 220 yuan per ton, respectively, effective from May 19 [1] - The State Administration of Foreign Exchange reported that China's foreign trade shows resilience, and foreign investment interest in renminbi assets remains positive [1] - Kweichow Moutai announced a cash dividend of 276.24 yuan (including tax) per 10 shares to all shareholders, totaling 34.672 billion yuan (including tax) [1] - Contemporary Amperex Technology Co., Limited (CATL) is set to list on the Hong Kong Stock Exchange, with its dark market shares rising by 8.29% to 284.8 HKD, resulting in a paper profit of 2,180 HKD per lot [1] International News - The yield on the U.S. 30-year Treasury bond rose to 5.02%, the highest level since November 2023 [2] - The UK government announced agreements with the EU in various sectors, including fisheries and trade, expected to boost the UK economy by nearly 9 billion pounds by 2040 [2] - The European Commission proposed to the G7 finance ministers to lower the price cap on Russian seaborne oil to $50 per barrel [2] - Reports indicate that if approved, Japan's Nippon Steel will invest $14 billion in U.S. steel [2] - Federal Reserve officials expressed that the number of interest rate cuts this year will depend on economic developments, with a preference for only one cut due to uncertainties surrounding tariffs [2]

商务部新闻发言人就美国商务部调整芯片出口管制有关表述答记者问：中方敦促美方立即纠正错误做 法，停止对华歧视性措施；倘若美方一意孤行，继续实质性损害中方利益，中方必将采取坚决措施，维 护自身正当权益。 相关链接 ...

有记者问：美国商务部网站调整了其5月12日发布的AI芯片出口管制指南新闻稿相关表述，将"在世界任 何地方使用华为昇腾芯片均违反美国出口管制法规"调整为"警告业界使用中国先进计算机芯片，包括特 定华为昇腾芯片的风险"。请问中方对此有何评论？ 答：5月15日商务部例行新闻发布会上，中方已就相关问题阐明严正立场。美方发布有关指南后，中方 通过中美经贸磋商机制，在各层级与美方进行交涉沟通，指出美方行为严重破坏中美日内瓦高层会谈共 识，要求美方纠偏纠错。中方注意到，近日美方对指南新闻稿相关表述进行了调整，但指南本身的歧视 性措施和扭曲市场本质并没有改变。 美方滥用出口管制措施，以莫须有的罪名对中国芯片产品加严管制，甚至干涉中国公司在中国境内使用 中国自己生产的芯片，美方的手伸得太长，是典型的单边霸凌行径，中方坚决反对。美方行为严重损害 中国企业正当权益，严重威胁全球半导体产供链安全稳定，严重冲击全球科技创新。给别人"下绊子"， 不会让自己跑的更快。这种以单边保护主义手段，妄图围堵、孤立其他国家的做法，终将损害美自身产 业竞争力，其结果只能是搬起石头砸自己的脚。 中方敦促美方立即纠正错误做法，停止对华歧视性措施。双方应共 ...