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Nvidia Tightens Asian Customer Approvals as US Chip Export Controls Intensify (NVDA)
InvestorsHub35d agoneutral
Nvidia Tightens Asian Customer Approvals as US Chip Export Controls Intensify (NVDA)

Nvidia (NASDAQ:NVDA) has reportedly reduced by more than half the number of authorised customers in Asia permitted to purchase its artificial intelligence chips, as the company strengthens compliance measures in response to tighter US export controls, according to a report by the Financial Times citing people familiar with the matter. The changes are part of broader efforts to prevent advanced semiconductor technology from reaching restricted destinations, particularly China.

Earnings, Inflation and Iran Tensions Set the Tone for US Markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
InvestorsHub35d agoneutral
Earnings, Inflation and Iran Tensions Set the Tone for US Markets: Dow Jones, S&P, Nasdaq, Wall Street Futures

US stock futures traded mixed on Tuesday as investors weighed renewed geopolitical tensions between the United States and Iran ahead of a week packed with major earnings releases, key inflation data and fresh signals from the Federal Reserve. Markets are preparing for the unofficial start of the second-quarter earnings season with results from the largest US banks, while the latest Consumer Price Index (CPI) report and testimony from Federal Reserve Chair Kevin Warsh are expected to influence ex

Chip toolmaker ASML expected to shine light on capacity and China challenges
Reuters36d agoneutral
Chip toolmaker ASML expected to shine light on capacity and China challenges

ASML, the biggest supplier of equipment used to manufacture AI chips, reports quarterly earnings on Wednesday looking to justify its chunky valuation and demonstrate how it will contend with U.S. moves to block ‌exports to China. Clouding the outlook, however, is a proposed U.S. law requiring U.S. allies to align with export controls to curb China's ability to make advanced chips, with ASML named in the legislation. The company has denied selling its most advanced EUV tools to China, which is forecast to account for up to 20% of ASML's sales this year through legal purchases of ‌less-advanced DUV tools to make chips for automotive, ⁠industrial and electronic products.