Qualcomm confirmed the $3.9 billion acquisition of AI software startup Modular on 24 June while continuing talks to buy chip designer Tenstorrent for up to $10 billion.
Tag: Nvidia
Posted inTech
Reflection AI takes $6.3bn SpaceX compute deal as AI infrastructure concentrates
Reflection AI will pay SpaceX $150 million a month for Nvidia GPU access at Colossus 2, in a contract worth up to $6.3 billion through 2029.
Posted inTech
House panel clears bill to subject AI chip exports to weapons-sale review
The House Foreign Affairs Committee advanced the AI OVERWATCH Act 42–2–1, a bill that would require congressional review of advanced chip exports to adversaries and ban Nvidia Blackwell sales to China for two years.
Posted inTech
Nvidia faces Warren’s chip-diversion deadline today as DOJ indictments pile up
June 18 is the deadline Senator Warren set for Nvidia to explain why DOJ indictments allege $670 million in GPU diversions to China that CEO Jensen Huang said never happened.
Posted inTech
Nvidia declines Senate hearing as Warren sets June 18 deadline on chip diversion probe
Senator Elizabeth Warren has set a June 18 deadline for Nvidia to explain its export control compliance after CEO Jensen Huang declined a Senate hearing invitation and DOJ alleged $510 million in diverted AI chips.
Posted inTech
Nvidia H200 sales cleared by Washington, blocked by Beijing
The U.S. approved H200 chip sales to ten Chinese firms including Alibaba, Tencent, and ByteDance — up to 75,000 chips each — but not a single unit has shipped as Beijing steers buyers away from American hardware.
Posted inTech
Jensen Huang joins Trump’s China trip in bid to end the H200 chip stalemate
Nvidia CEO Jensen Huang joined Trump’s Beijing delegation at the last minute to push for H200 AI chip sales to China, which remain blocked despite US authorization granted months ago.
Posted inTech
Trump’s January chip order rewrites the rules on AI hardware exports
A January 2026 presidential proclamation imposing a 25 percent tariff on imported AI chips, combined with a BIS rule shifting export review of advanced chips from presumption of denial to case-by-case, has restructured who can buy the most powerful AI hardware and on what terms.
Posted inMarkets
Nvidia guides to $78 billion for Q1 as Blackwell demand stays ahead of supply
The chipmaker’s fiscal first-quarter results, due May 20, carry $78 billion in management guidance — a sequential increase from the $68.1 billion reported in Q4 — driven almost entirely by data center orders for its Blackwell architecture platform from hyperscale cloud providers.