Mackenzie Hawkins

Nvidia Corp.’s shares extended their dramatic ascent to a record after US President Donald Trump said he’ll discuss the chipmaker’s Blackwell artificial intelligence processors with Chinese leader Xi Jinping, making the company the first $5 trillion business by market value.

The US has approved several billion dollars worth of Nvidia Corp. chip exports to the United Arab Emirates, an initial step in implementing a controversial deal that could serve as a blueprint for American AI statecraft.

Huawei Technologies Co. used advanced components from Asia’s largest technology firms in at least some of its leading Ascend AI processors, a research firm discovered during teardowns, highlighting China’s reliance on foreign hardware as it works to boost domestic production of AI semiconductors.

China’s cyberspace regulator has instructed companies including Alibaba Group Holding Ltd. to halt orders for Nvidia Corp.’s RTX Pro 6000D, a semiconductor for workstations that can be repurposed for artificial-intelligence applications.

The US is proposing annual approvals for exports of chipmaking supplies to Samsung Electronics Co. and SK Hynix Inc.’s factories in China, a compromise aimed at preventing disruptions to the global electronics industry after Trump officials revoked Biden-era waivers that let the companies more easily get such shipments.

US Pulls TSMC’s Waiver for China Shipments of Chip Supplies

The Trump administration is in discussions to take a stake of about 10% in Intel Corp., according to a White House official and other people familiar with the matter, in a move that could see the US become the beleaguered chipmaker’s largest shareholder.

Beijing has urged local companies to avoid using Nvidia Corp.’s H20 processors, particularly for government-related purposes, complicating the chipmaker’s return to China after the Trump administration reversed an effective US ban on such sales.

Nvidia Corp. plans to resume sales of its H20 AI chip in China after securing Washington’s assurances that such shipments would get approved, a dramatic reversal from the Trump administration’s earlier stance on measures designed to limit Beijing’s AI ambitions.

Advanced Micro Devices Inc. said that it plans to restart shipments of its MI308 chips to China after the US said it would approve the sales, following a similar decision on an Nvidia Corp. semiconductor.