Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- Chinese officials have informed some of China’s leading tech companies that they can prepare to place orders for Nvidia’s (NVDA) H200 AI chips, which the U.S. government recently approved for shipment to that country.
According to Bloomberg, Beijing is allowing Alibaba (BABA), Tencent (TCEHY) (TCTZF), and ByteDance (DNCE) to begin discussing order details, but will also encourage them to buy domestically produced chips as a condition for final approval.
- Amazon (AMZN) plans to lay off around 14,000 workers beginning next week as part of a larger plan to trim its workforce by approximately 30,000 people.
The tech giant eliminated roughly 14,000 jobs last year during its first round of layoffs. The second round, which could begin as early as Tuesday, is expected to impact a similar number of jobs, according to Reuters, which cited people close to the matter.
Divisions and units slated for cuts include retail, People Experience and Technology, Amazon Web Services, and Prime Video, Reuters added.
- President Trump praised the establishment of a new, American-run joint venture to oversee TikTok’s U.S. operations.
“I am so happy to have helped in saving TikTok! It will now be owned by a group of Great American Patriots and Investors, the Biggest in the World, and will be an important Voice,” said Trump in a post late Thursday on Truth Social.
“Along with other factors, it was responsible for my doing so well with the Youth Vote in the 2024 Presidential Election. I only hope that long into the future I will be remembered by those who use and love TikTok,” Trump continued.
“I would also like to thank President Xi, of China, for working with us and, ultimately, approving the Deal. He could have gone the other way, but didn’t, and is appreciated for his decision,” Trump added.