Chinese semiconductor firm Cambricon posted record profit in the first half of the year underscoring how local challengers to Nvidia are gaining traction as Beijing looks to boost its domestic industry.Cambricon is among a plethora of companies in China that are vying to be an alternative to American giant Nvidia when it comes to providing the chips required to train and run artificial intelligence applications and models.In the first half of the year, Cambricon said revenue surged more than 4,000% year-on- ...

This is the premier operating metric for investors to home in on after the closing bell.Over the past three years, nothing has garnered more attention on Wall Street than the rise of artificial intelligence (AI). Empowering software and systems with AI to make split-second decisions without the need for human oversight is a multitrillion-dollar global opportunity.While a long list of companies has benefited from the evolution of AI, Nvidia (NVDA 1.10%) currently finds itself atop the pedestal. It's added $4 ...

August 26, 2025 08:25 AM GMT Global Technology Correction: AI Supply Chain: H20 Production; Android AI Phone; AI Factory Analysis Updates We remain bullish on NVIDIA's semi supply chain in Asia ahead of its upcoming quarterly results on August 28. H20 chip supply and demand dynamics: According to CNBC, NVIDIA is looking to halt H20 chip production after China's crackdown on purchases. When answering media questions on August 15, NVIDIA's CEO reiterated that: "NVIDIA has won approval from the US government t ...

As we look ahead to Nvidia earnings, uncertainty around its China business is an overhang after reports that Nvidia has halted production of its made for China chip. Christina Parcelves has more. Hi Christina. Hi Courtney.Well, for Nvidia, the China story is less about what just happened and more about what comes next. The company's latest quarter will almost certainly show zero revenue from China after the H20 export ban, which is a stark contrast to the estimated $16 billion backlog that Oppenheimer said ...

August 25, 2025 08:06 PM GMT Global Technology AI Supply Chain: H20 Production; Android AI Phone; AI Factory Analysis Updates We remain bullish on NVIDIA's semi supply chain in Asia ahead of its upcoming quarterly results on August 28. H20 chip supply and demand dynamics: According to CNBC, NVIDIA is looking to halt H20 chip production after China's crackdown on purchases. When answering media questions on August 15, NVIDIA's CEO reiterated that: "NVIDIA has won approval from the US government to resume sal ...

Prediction: Nvidia stock's post-earnings-release move will largely hinge on news about the H20 chip for China and related Q3 guidance. Nvidia (NVDA 1.10%) is slated to report its results for the second quarter of fiscal 2026 (ended July 27) on Wednesday, Aug. 27, after the market close. As in recent quarters, the artificial intelligence (AI) technology giant's upcoming report is arguably the most anticipated of this quarterly earnings season. Nvidia is considered a bellwether, or indicator, for the AI space ...

Nvidia reportedly has told suppliers to suspend production of its H20 chip, after Beijing asked local firms to avoid using the chip tailored for the Chinese market due to security concerns. https://t.co/eUNnRvDBTq ...

路透：英伟达要求鸿海暂停H20芯片相关的生产。外汇交易员 (@myfxtrader):The Information引述消息人士报道，英伟达已指示三星电子及Amkor Technology等供应商停止与H20 AI芯片关的生产。报道称，英伟达是在中国敦促国内企业避免使用H20芯片后发布的停产指令。 https://t.co/LcoDkd6bOK ...

Summary of Key Points from the Conference Call Industry and Company Involved - **Industry**: AI Chips and Semiconductor Manufacturing - **Companies**: Nvidia, AMD, TSMC (Taiwan Semiconductor Manufacturing Company) Core Points and Arguments 1. **Nvidia's Export Licenses**: The U.S. Commerce Department began issuing export licenses for Nvidia's H20 chips to China after CEO Jensen Huang's meeting with President Trump, reversing a previous ban [2][3][4] 2. **High-Bandwidth Memory (HBM) Negotiations**: Chinese officials are pushing for the relaxation of export restrictions on HBM chips during trade negotiations with the U.S. [5][6] 3. **Revenue Sharing Agreement**: Nvidia and AMD agreed to share 15% of their revenues from chip sales in China with the U.S. government as part of the export license agreement [7][8][9] 4. **Constitutional Concerns**: The arrangement of revenue sharing raises constitutional questions, as it may violate the prohibition against taxes on exports [10][11] 5. **U.S. Policy Options**: The U.S. government has several options regarding China and AI, including cutting off all chip access, limiting advanced capabilities, or allowing sales of advanced chips while restricting manufacturing equipment [15][16][21] 6. **Dependency on TSMC**: Allowing Chinese companies to contract with TSMC for chip manufacturing could create dependency on Taiwan, reducing the risk of military action against it [18][20] 7. **Challenges in Chip Manufacturing**: The complexity of chip manufacturing creates a "water runs downhill" effect, where Chinese companies will opt for easier and cheaper solutions, even against government directives [14][17] 8. **Long-term Risks**: Cutting off all access to chips could lead to China developing its own advanced chip manufacturing capabilities, undermining U.S. technological dominance [15][16] 9. **HBM's Role in AI**: HBM is critical for AI chip production, and its manufacturing is both difficult and expensive, which could influence U.S. export policies [22][24] 10. **Market Forces and Chinese Independence**: The Chinese government is likely to continue efforts to create an independent semiconductor supply chain, but success may be limited without U.S. market pressures [21][27] Other Important but Overlooked Content 1. **Potential for Military Competition**: The development of advanced AI in China could lead to military competition with the U.S., necessitating careful policy considerations [21][30] 2. **Rare Earth Metals**: The issue of rare earth metals is highlighted as a significant factor in U.S.-China relations, influencing export policies and negotiations [27] 3. **Nuanced Policy Recommendations**: The discussion suggests a nuanced approach to HBM exports, weighing the benefits of dependency on U.S. technology against the risks of enabling Chinese self-sufficiency [26][24]

Summary of Key Points from the Conference Call Industry Overview - **China-US Trade Relations**: The trade truce between China and the US has been extended for another 90 days, maintaining the reciprocal tariff rate at 10% until November 10, 2025, instead of increasing to 34% as initially planned [2][3][7]. Core Insights and Arguments - **Tariff Impact**: Despite the extension of the tariff pause, the overall trade-weighted tariff rate on Chinese exports to the US remains approximately 46%. Direct exports to the US have seen a year-on-year decline of 22% as of July 2025 [2][3]. - **Negotiation Topics**: Future negotiations may address export controls, including rare earth shipments and technology exports, as well as potential increases in Chinese purchases of US goods, such as soybeans [3][4]. - **Soybean Imports**: In 2024, China imported USD 12 billion worth of soybeans from the US, accounting for 23% of its total soybean imports, while Brazil supplied USD 37 billion, representing 69% [3]. Technology and Sanctions - **Tech Sanctions**: The US has allowed Nvidia to resume sales of its H20 chip to China, with 15% of proceeds going to the US government. There are ongoing discussions about allowing downgraded Blackwell chips to be sold in China [4]. - **Cybersecurity Concerns**: China's cybersecurity watchdog has summoned Nvidia for discussions, urging local companies to avoid using H20 chips for government-related purposes due to security concerns [4]. Economic Policies and Initiatives - **Anti-Involution Campaign**: The Chinese government is actively pursuing an anti-involution campaign to stimulate economic growth, with new interest subsidies for consumption loans announced [7][8]. - **Infrastructure Projects**: Major infrastructure projects are being initiated, including the construction of a dam in Tibet and a railway connecting Xinjiang and Tibet, which are expected to boost demand [11]. - **Debt Management**: The Supreme People's Court has emphasized the importance of settling arrears to private enterprises, which is part of the broader anti-involution strategy [10]. Market Dynamics - **Lithium Production**: CATL, a leading battery manufacturer, has suspended production at its lithium mine in Yichun, which accounts for about 3% of global lithium carbonate output. This has led to a rally in lithium prices [9]. - **Economic Indicators**: The Producer Price Index (PPI) in China has shown weakness, declining by 3.6% year-on-year in July, although improvements are expected as the anti-involution campaign progresses [8]. Additional Insights - **Consumer Behavior**: The government is providing interest subsidies for personal consumption loans, which are expected to stimulate spending in various sectors, including automobiles and healthcare [13][14]. - **Real Estate Trends**: New home sales in Tier-1 cities remain below 2024 levels, while transactions in second-hand homes in Tier-1 and Tier-2 cities have shown year-on-year increases [42][43]. This summary encapsulates the critical points discussed in the conference call, highlighting the ongoing trade dynamics, economic policies, and market trends affecting the Chinese economy and its interactions with the US.