Tech Voices: Nvidia, AMD China exports; Apple-MP; Google hydro deal

Seeking Alpha’s daily roundup of statements, announcements and remarks that could impact the technology sector.

• Nvidia (NASDAQ:NVDA) has filed for export licenses from the U.S. government to resume shipments of its H20 GPUs to China.

“The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the chipmaker said in a blog statement.

Nvidia also unveiled a new fully compliant chip, the RTX PRO GPU, which CEO Jensen Huang said “is ideal for digital twin AI for smart factories and logistics.”

• Advanced Micro Devices (NASDAQ:AMD) said it also expects to resume shipments of its MI308 AI chips to China, adding that the U.S. Commerce Department was in the process of reviewing its license applications.

“We applaud the progress made by the Trump administration in advancing trade negotiations and its commitment to U.S. AI leadership,” an AMD spokesperson said in a statement to CNBC.

• Apple (NASDAQ:AAPL) said it has signed a $500 million deal for rare earth elements with Pentagon-backed MP Materials (NYSE:MP) as part of its pledge to spend more than $500 billion in the U.S. over the next four years.

Under the deal, Apple will buy rare earth magnets developed at MP’s facility in Forth Worth, Texas. The two companies will also team up to establish a rare earth recycling facility in Mountain Pass, Calif.

“American innovation drives everything we do at Apple, and we’re proud to deepen our investment in the U.S. economy,” Apple CEO Tim Cook said in a statement. “Rare earth materials are essential for making advanced technology, and this partnership will help strengthen the supply of these vital materials here in the United States.”

• Google (NASDAQ:GOOG) (NASDAQ:GOOGL) and Brookfield Asset Management (NYSE:BAM) have signed a Hydroelectric Framework Agreement for energy to power Google’s U.S. operations, calling it “the world’s largest corporate clean power deal for hydroelectricity.”

Under the deal, Google will spend over $3 billion to buy energy generated from Brookfield’s hydroelectric plants in Pennsylvania.

“The HFA represents a significant step forward in Brookfield’s strategy to deliver flexible, dispatchable clean energy solutions to the technology sector and supports Google’s ambition to power its operations with 24/7 carbon-free energy,” Brookfield said in a statement.