China’s ICBC, the world’s largest bank, was hit by a ransomware attack. This video breaks down the cyberattack, its impact, and what it means for financial security.
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Nvidia and AMD reportedly will give U.S. government 15% of their China chip revenues
Nvidia Corp. and Advanced Micro Devices Inc. will give 15% of their chip revenue from sales in China to the U.S. government as a condition of receiving new export licenses, according to a report …
Nvidia, AMD to pay 15% of China chip sale revenues to US, official says
Nvidia and AMD have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips like Nvidia’s H20 that are used for artificial intelligence applications, a U.S.
Nvidia, AMD to Pay 15% of China Chip Sale Income to US, FT Says
Nvidia Corp. and Advanced Micro Devices Inc. agreed to pay 15% of their revenues from chip sales to China to the US government as part of a deal with the Trump administration to secure export…
Nvidia, AMD to pay 15pc of China chip sale revenues to US government
The quid pro quo arrangement is unprecedented. According to experts, no US company has ever agreed to pay a portion of their revenues to obtain export licences.
FT: U.S. Issuing Export Licenses for China-Bound Nvidia H20 Chips
The Financial Times reports that Washington has begun issuing Nvidia with licenses to sell its H20 chips to China. It removes a big roadblock to the company’s access to a major market.
China makes chip demands as US trade deal deadline nears
China wants the US to drop restrictions on the critical chips needed for AI, ahead of a possible summit between Donald Trump and Xi Jinping.
China wants US to relax export controls on chips as part of trade deal
Beijing has been frustrated at US export controls since President Joe Biden in 2022 unveiled measures to damage Chinese efforts to buy or make advanced AI chips. In 2024, he banned HBM exports to …
China wants US to relax AI chip-export controls for trade deal, FT reports
China wants the United States to ease export controls on chips critical for artificial intelligence as part of a trade deal before a possible summit between Presidents Donald Trump and Xi Jinping, the …
Why Beijing’s Clampdown on Stablecoins Fuels Hong Kong’s Financial Revolution
Beijing limits the hype in stablecoins to contain the risks. Hong Kong introduces a new issuer regime, establishing a showdown in digital currency.
China has ordered top brokerages to stop publishing content related to stablecoins
Chinese regulators have instructed major domestic brokerages to halt the publication of research and public commentary related to stablecoins. The move comes as China sees a rising wave of domestic …
China allocates 70 million yuan to repair roads in flood-hit regions
Beijing: China on Friday allocated 70 million yuan (about 9.81 million USdollars) from its central fiscal reserves to expedite emergency road …
Stablecoins Under Fire In China, While US Enacts A Federal Stablecoin Law
China tightens control over stablecoins, ordering brokerages and research institutions to stop promoting them due to concerns about illicit activity.
