China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
SK Hynix Shares Surge on Hopes for Upcoming ADR Issuance 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Gulf Sovereign Funds Unite in Paramount–Skydance Bid for Warner Bros Discovery 
IBM Nears $11 Billion Deal to Acquire Confluent in Major AI and Data Push 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform 
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
Nvidia (NASDAQ: NVDA) has reportedly ordered 300,000 H20 AI chipsets from Taiwan Semiconductor Manufacturing Company (TSMC) following a surge in Chinese demand, according to multiple sources. This comes after the Trump administration lifted a sales ban earlier this month, allowing Nvidia to resume shipments of its H20 GPUs to China.
The H20, developed in response to 2023 U.S. export restrictions, is a scaled-down version of Nvidia’s advanced H100 and Blackwell GPUs but remains critical for China’s AI sector. Sources indicated Nvidia already holds 600,000–700,000 units in inventory and sold about 1 million H20 chips in 2024, per SemiAnalysis data.
CEO Jensen Huang, during a recent trip to Beijing, noted that future production would hinge on order volume and warned any supply chain restart could take nine months. Despite this new order, the U.S. Department of Commerce has not yet approved the export licenses required for shipping the chips, though Nvidia expects clearance soon.
Chinese tech giants like Tencent, ByteDance, and Alibaba previously stockpiled H20 chips to support AI models such as DeepSeek. Nvidia’s push to maintain a foothold in China comes amid fierce competition from Huawei and ongoing U.S.-China trade tensions, particularly over rare earth elements.
The April sales ban forced Nvidia to consider writing off $5.5 billion in inventory and forgo potential sales worth $15 billion. Restoring H20 shipments is seen as vital for keeping Chinese developers tied to Nvidia’s ecosystem and preventing market share erosion to domestic rivals.
Nvidia and TSMC declined to comment on the order, while U.S. authorities have yet to respond regarding export approvals.
