{
}
House Republicans successfully passed a significant reconciliation package focused on President Trump's tax and spending priorities, aiming for Senate approval in June. A contentious issue remains the State and Local Tax (SALT) deduction cap, with House lawmakers pushing for an increase to $40,000, while Senate Republicans may seek to lower it. As the 2028 presidential race looms, Democratic contenders are increasingly positioning themselves amid a leadership vacuum and poor polling.
Huawei's development of the Ascend 910D AI processor poses a significant challenge to Nvidia's dominance in China, particularly as the country pushes for technological self-sufficiency amid escalating US-China tensions. With Huawei's production efficiency improving and state support encouraging local tech adoption, Nvidia faces potential revenue losses from its crucial Chinese market. However, technical hurdles and a competitive software landscape remain as Huawei seeks to establish itself as a viable alternative in the AI chip market.
Huawei's upcoming Ascend 910D AI chip could challenge Nvidia's dominance in China, as it aims to outperform Nvidia's H100 processor amid ongoing US trade restrictions. With significant improvements in chip production efficiency and state support for local tech, Huawei is poised to reshape the AI hardware landscape, despite facing challenges in software ecosystem development and supply constraints. The success of the 910D would validate China's push for technological self-sufficiency in semiconductors.
Huawei is testing its new AI chip, the Ascend 910D, aiming to rival Nvidia's H100 amid US sanctions impacting the Chinese semiconductor sector. The company anticipates initial sample batches by late May and is seeking partnerships with local tech firms for feasibility tests. Despite challenges, including restrictions on advanced chip-making equipment, Huawei's strategy includes bundling chips into large computing systems, potentially allowing it to compete effectively in the AI market.
Huawei is set to test its new AI chip, the Ascend 910D, aiming to rival Nvidia's H100. The company has engaged Chinese tech firms for feasibility tests and plans mass shipments of its 910C chip soon, despite US restrictions on advanced AI products. This development underscores Huawei's resilience in the face of trade challenges.
In 2023, China is making significant strides in AI and semiconductor technology, with Huawei's Mate 60 Pro showcasing domestic chip innovation despite U.S. sanctions. Startups like DeepSeek are developing competitive AI models, while state support fuels local chip manufacturers like SMIC and Cambricon. China's rapid adoption of AI across industries positions it as a formidable player in the global tech landscape, potentially narrowing the gap with Western advancements.
Biden's proposed AI chip export restrictions have ignited backlash from the tech industry, with critics arguing it could hinder innovation and weaken U.S. competitiveness. The framework imposes caps on semiconductor sales, potentially alienating key partners and benefiting foreign competitors. While the Commerce Secretary defends the policy as a national security measure, industry leaders warn of its detrimental impact on the economy and global standing in technology.
The Biden administration has implemented stringent export restrictions on AI chips and technologies, aiming to safeguard U.S. national security and maintain technological dominance ahead of Donald Trump's inauguration. The new rules limit advanced GPU exports to non-allied nations and introduce licensing requirements for over 120 countries, while exempting allies like the UK and Japan. Critics, including Nvidia, argue that these measures could stifle innovation and competitiveness in the tech sector.
The Dow Jones Industrial Average rose 0.1%, buoyed by UnitedHealth's nearly 4% gain, while Nvidia fell nearly 3% due to new AI export restrictions. Howard Hughes surged over 9% following Bill Ackman's acquisition offer, contrasting Abercrombie & Fitch's nearly 20% plunge despite raising holiday sales guidance. The Nasdaq composite dropped over 1%, with Constellation Energy and Micron Technology among the biggest losers.
A key House Republican has criticized the Biden administration's new export controls aimed at limiting China's chipmaking capabilities, claiming they contain loopholes that allow companies like Huawei to continue accessing American technology. Representative John Moolenaar expressed his concerns in a letter to Commerce Secretary Gina Raimondo, highlighting that certain provisions permit Chinese firms to circumvent sanctions by applying different restrictions to various parts of their operations.
Gina Raimondo
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
House Republicans Advance SALT Deduction Changes Amid Senate Challenges
USA
Donald Trump
Andy Beshear
Gina Raimondo
John Nolan
Pete Buttigieg
Gavin Newsom
Josh Shapiro
JB Pritzker
Show more
21:06 23.05.2025
huawei challenges nvidia with advanced ai processor amid geopolitical tensions
Nvidia Corporation
Huawei Technologies CO. Ltd.
CHN
USA
Ren Zhengfei
Gina Raimondo
Grace Shao
Xi Jinping
Show more
08:58 16.05.2025
huawei's ai chip breakthrough challenges nvidia's dominance in china's market
United States Dollar
NVIDIA Corporation
CHINA MOBILE
CHN
USA
Xi Jinping
Gina Raimondo
Grace Shao
Ren Zhengfei
Show more
12:39 28.04.2025
huawei develops ascendant ai chip to rival nvidia amid us sanctions
09:52 28.04.2025
huawei develops advanced ai chip to rival nvidia's technology
20:09 27.04.2025
China's AI advancements challenge Western dominance amid ongoing sanctions and restrictions
Chinese Yuan
Amazon.com, Inc.
Baidu, Inc.
Cambricon Technologies Corporation Limited
Microsoft Corp
TENCENT
Alphabet Inc.
NVIDIA Corporation
USA
CHN
Gina Raimondo
Joe Biden
Ruth Porat
Show more
12:00 24.01.2025
biden administration faces backlash over new ai chip export restrictions
United States Dollar
Tesmec S.p.A.
NVIDIA Corporation
Microsoft Corporation
USA
Daniel Castro
Ned Finkle
Gina Raimondo
Show more
07:17 14.01.2025
US imposes new AI chip export restrictions ahead of Trump administration
United States Dollar
NVIDIA Corporation
RUS
IRN
CHN
PRK
JPN
GBR
USA
Zhang Jian
Donald Trump
Sebastian Sinclair
Jensen Huang
Ned Finkle
Ray Wu
Gina Raimondo
Joe Biden
Show more
07:06 14.01.2025
stock market update dow jones rises while nvidia and abercrombie fall
United States Dollar
Lululemon Athletica Inc.
Caterpillar Inc.
Howard Hughes Holdings Inc.
Constellation Energy Corp
Edison International
Apple Inc.
Baker Hughes Co
NVIDIA Corporation
Moderna, Inc.
UnitedHealth Group Inc
Walmart Inc.
Chevron Corp
Abercrombie & Fitch Co.
Boeing Co
Micron Technology, Inc.
CHN
DEU
USA
GBR
IRN
Michael Larkin
Howard Hughes
Bill Ackman
Gina Raimondo
Show more
18:18 13.01.2025
GOP Lawmaker Critiques US Chip Restrictions for Huawei as Ineffective
Huawei Technologies CO. Ltd.
Semiconductor Manufacturing International Corp
CHN
Gina Raimondo
John Moolenaar
18:51 05.12.2024
Trending
Subcategory
Corporate News
Industry Trends
Startups & Entrepreneurship
Emerging Startups
Cryptocurrency Trends
Funding Rounds & Investments
Fintech Startups
Venture Capital Investments
AI Innovations
Retail and Consumer Goods
Global Trade Developments
Private Equity Deals
Economic Indicators
Crypto Adoption and Integration
Government Economic Policies
Market Analysis and Predictions
Crypto Policies and Governance
Product Launches
IPOs & SPACs
Macro-economic Trends
Countries:
Companies:
Nvidia Corporation
NVIDIA Corporation
Microsoft Corporation
Apple Inc.
SWIGGY LIMITED
Vecmocon Technologies Ltd.
Amazon.com Inc.
Medius Holdings Co., Ltd.
SITC International Holdings Company Limited
Firefly AB (publ)
Aeon Bank (M) Berhad Bhd
AF DOBRA, SICAV, S.A.
Alibaba Group Holding Limited
Getty Images Holdings, Inc.
Sunnova Energy International Inc.
QUALCOMM Incorporated
Alphawave IP Group plc
Grab2Go AS
HDB Financial Services Ltd.
Zhejiang Leapmotor Technology Co., Ltd.
Currencies:
People: