Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- Nvidia (NVDA) CEO Jensen Huang said he’s not sure if China would allow Chinese companies to buy its H200 AI chips if the U.S. government eases export restrictions on the chips to that country.
“We don’t know. We have no clue,” Huang told reporters on his way to a meeting with the Senate Banking Committee on Wednesday, according to Bloomberg. “We can’t degrade chips that we sell to China, they won’t accept that.”
Huang met with President Trump earlier in the day to discuss export controls, Bloomberg added.
- The Indian government has dropped its demand that smartphone providers such as Apple (AAPL), Samsung (OTCPK:SSNLF), and Xiaomi (OTCPK:XIACF) (OTCPK:XIACY) integrate a state-run cybersecurity app on their phones for that country.
News that the order had been abandoned came amid backlash against the app, which some critics said could lead to increased government surveillance or interference with personal phones. Apple reportedly planned not to comply with the order on the grounds it would interfere with the privacy and security of its iOS ecosystem, according to Reuters.
“Government has decided not to make the pre-installation mandatory for mobile manufacturers,” India’s communications ministry said in a statement Wednesday, according to Reuters.
Reuters added that Samsung (OTCPK:SSNLF) had also decided not to comply with the order.
- Micron (MU) said it’s exiting the consumer memory business in order to focus on the AI market.
“The AI-driven growth in the data center has led to a surge in demand for memory and storage,” said Micron CBO Sumit Sadana in a statement, according to CNBC. “Micron has made the difficult decision to exit the Crucial consumer business in order to improve supply and support for our larger, strategic customers in faster-growing segments.”