US Edition
AMD Cleared to Join Nvidia in Selling AI Chips to China
CHINA, JUL 15 – The Trump administration reversed AI chip bans after industry pressure, allowing AMD and Nvidia to resume exports to China, potentially recovering billions in lost revenue.
- The U.S. government cleared Advanced Micro Devices to resume exports of some AI accelerators to China on Tuesday following a similar decision for Nvidia.
- This clearance follows earlier export restrictions imposed by the Trump administration citing national security concerns amid a heated trade war with China.
- AMD plans to restart shipments of its MI308 chips as licenses are approved, while Nvidia expects to soon resume sales of its H20 AI chip after lobbying efforts.
- AMD's stock rose nearly 7% and Nvidia's shares increased about 5% after the announcements, reflecting investor optimism about easing U.S.-China technology tensions.
- These developments suggest a partial thaw in technology trade relations, though ongoing geopolitical and tariff risks continue to cloud the broader U.S.-China economic outlook.
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US Stocks open higher as CPI matches estimates, Nvidia and AMD Power Tech rally
US stocks opened higher Tuesday, powered by gains in Nvidia and AMD after fresh signs of easing chip export restrictions to China. A cooler-than-expected core inflation reading added to the momentum, even as investors kept a close watch on rising tariff risks and mixed bank earnings. Global markets were broadly positive, helped by stronger-than-expected GDP growth from China.
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Coverage Details
Total News Sources28
Leaning Left2Leaning Right3Center4Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 22%
C 44%
R 33%
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