Nvidia is requiring full upfront payment from Chinese customers seeking its H200 chips, reports Reuters. This is reportedly in response to ongoing uncertainty over Beijing’s approval of the shipments, said two people briefed on the matter. The US chipmaker has imposed unusually stringent terms requiring full payment for orders with no options to cancel, ask for […]
Category: Politics & Society
The year began with a bang on the other side of the world—that is the US invasion of Venezuela and the kidnapping of its president who is now to be tried in New York on drug trafficking charges. And while this has nothing apparently directly to do with China, in fact there are several elements […]
Ikea will close seven of its 41 stores in mainland China, reports the South China Morning Post. This comes as the furniture retailer grapples with the country’s weak property market and low consumer spending, which have dampened demand for its goods. Following a comprehensive review, Ikea China said the seven stores would cease operations from February 2. These are located in Shanghai, Guangzhou, Tianjin, […]
Beijing has asked some Chinese tech companies to halt orders for Nvidia’s H200 chips this week, reports Reuters, citing people familiar with the matter. The leadership is expected to mandate domestic artificial intelligence chip purchases. China’s directive to suspend orders was issued as the government considers whether, and under what conditions, to allow access to Nvidia’s […]
China has banned exports to Japan of dual-use items that can serve military purposes, reports Caixin. The move comes amid already tense relations between the two countries following the Japanese prime minister’s recent remarks on Taiwan. Exports of such items to Japanese military users and all other end-users that could help strengthen Japanese military power are […]