What more do we know about this Nvidia announcement and what it tells us about the Trump administration's thinking on export controls. Well, I think it's interesting that it was Nvidia who announced this, Not the White House. I'll get to that and what that means in a little bit.But essentially, this is a great victory for CEO Jensen Huang, who, by the way, is in Beijing right now, just appeared on state television. And we learned of this development on the H 20 chip through a blog post from Nvidia, essentia ...

US-China Trade & Tech Policy - The Trump administration is showing a reversal of chip design software export restrictions to China, benefiting Cadence and Synopsis [1] - China will likely smooth the permit process for materials it recently restricted, including rare earth, in exchange for the US lifting chip software export curves [2][9][10] - The policy flip reinforces President Trump's pattern of using tech restrictions as negotiating leverage rather than permanent policy tools [5] Company Impact (Cadence & Synopsis) - Cadence's stock was up 5%, and Synopsis's stock was up almost 5% following the news [2] - Mazuo suggests Trump's chip software U-turn could restore 10% to 12% of total revenues for both Cadence and Synopsis that were at risk [2] - The move resolves restrictions on electronic design automation (EDA) tools that control 70% of China's chip design market [3] Implications for Other Tech Companies - Tougher export controls on advanced AI processors from Nvidia and AMD could face similar reversals as trade negotiations progress [4] - Nvidia's H20 AI chips designed specifically for the Chinese market to comply with prior export controls still remain restricted [5] - Huawei's advanced chips are quite impressive, more advanced than the H20s from Nvidia [13]

Market Trends & Export Controls - US lifts export controls on chip design software to China, benefiting companies like Cadence Design, Synopsis, and Seaman's [1] - The Nasdaq is aiming for its eighth positive session out of the last nine [1] Company Impact & Beneficiaries - It is not a certainty that the mentioned companies will continuously benefit from the US lifting export controls [2] - EDA software tools are being exchanged for mineral rights, which is seen as a positive development unless overall trade relations with China deteriorate [3] - There is hope that Nvidia chips might be able to re-enter the Chinese market more significantly [3] Nvidia & Chip Capabilities - Nvidia may not be able to sell its highest-end chips in China [5] - Optimism exists for Nvidia to sell a toned-down version of Blackwell in China [5] - A toned-down Nvidia chip might have only 20% of the capabilities of a leading-edge chip [7] Security Concerns & Containment Policy - Concerns exist about security implications related to easing export controls [6] - The current policy of containment regarding China's chip capabilities has been largely unsuccessful [10] - China is using lower-performing chips and increased energy to overcome limitations [9] - China has been accessing chips through various means, including cloud services in different countries [10]

Geopolitical & Trade Relations - US leverages export controls on technology as a bargaining tactic against China to secure rare earth magnet supplies [1] - China demonstrates its capabilities independent of advanced US semiconductors [1]

IPO and Market Dynamics - Integrity Specialty Insurance celebrated an IPO at NASDAQ [1] - Chime, a consumer financial technology company, also had an IPO [1] - Market experienced a lower open at 6022 [1] Trade and Export Controls - Discussion revolves around rare earth licenses, with potential revisiting in six months [2] - Focus shifts from tariffs to export controls on both Chinese rare earths and US chips [2] - China requested leniency on chip export controls, denied for defense but potentially granted for other products like airplanes [2]

In this articleNVDA"Compared to Nvidia's export-restricted chips, the performance gap between Huawei and the H20 is less than a full generation," said Dylan Patel, founder, CEO and chief analyst of SemiAnalysis. Sinology | Moment | Getty ImagesWith the U.S. restricting China from buying advanced semiconductors used in artificial intelligence development, Beijing is placing hopes on domestic alternatives such as Huawei. The task has been made more challenging by the fact that U.S. curbs not only inhibit Chin ...

INFLATION IN, UP .3%. KATIE: A GREAT ROUND UP. ONE OF THE TOP STORIES THIS MORNING.THE OTHER TOP STORY IS THE WHITE HOUSE CELEBRATING A STRING OF TRADE WINS. THE U.S. AND CHINA ESTABLISHED A FRAMEWORK -- A FRAMEWORK FOR IMPLEMENTING THE GENEVA TRADE AGREEMENT BUT IT STILL NEEDS APPROVAL FROM PRESIDENT TRUMP AND TRIP -- AND PRESIDENT XI. AND AN APPEALS COURT ALLOWED TRUMP TO CONTINUE ENFORCING HIS TARIFFS THROUGH JULY.TYLER, BRING US TO THE TRADE FRAMEWORK THAT WE SEEM TO HAVE ESTABLISHED WITH CHINA, WHAT DO ...

What do we know about the details, if any, on the back of these discussions. Well, Tom, they were thrashed out over many, many hours yesterday. The talks when all through the day and into the night as well.The US Treasury secretary, Scott Bessant, having to leave early because he had to get back to Washington to testify in Congress. But they got back around the table. Howard Lutnick, the commerce secretary, and the U.S. Trade Representative, Jamison Greer, emerging finally, as you heard there, to announce t ...

LIVE FROM WASHINGTON, D.C. JOE: TUESDAY EDITION, AS HOUSE REPUBLICANS LOOK ACROSS THE DIVIDE TO THE UPPER CHAMBER DEFINED PRESIDENT TRUMP'S BIG BEAUTIFUL BILL. I'M JOE MATHIEU ALONGSIDE KAILEY LEINZ IN WASHINGTON. IMPORTANT DAY IN THE NATION'S CAPITAL. WE ARE ABOUT TO LEARN A LOT ABOUT WHAT STAYS AND WHAT MIGHT COME OUT OF THE BILL WITH ACTION ON BOTH SIDES OF THE CAPITAL. KAILEY: SOME OF THAT BEING DRIVEN BY SENATORS WHO WANT CHANGE IN SOME DRIVEN BY PROCEDURE AND THE SENATE PARLIAMENTARIAN WHO IS GOING TO ...

[Music] expect it to be a short meeting with a big strong handshake and uh we'll see but that's what we're expecting. Our expectation is that after the handshake uh then immediately after the handshake any export controls from the US will be eased and the rare earths will be released uh in volume and then we can go back to negotiating smaller matters. [Music] [Music] This was a very significant uh sticking point because uh China controls as you know something like 90% of the rare earths and the magnets and ...