Day: August 12, 2025

American chipmakers Nvidia and AMD are agreeing to pay the U.S. government 15 percent of revenue from one of their biggest markets. In exchange, they get a permit to sell some of their microchips to China.A new chip deal between the U.S. and Nvidia is stirring questions about export legality, national security, and the future of AI. What’s really at stake in this high-tech trade negotiation?A 7-year-old U.S. citizen is barred from leaving China. A human rights advocacy group is calling on Beijing to lift the exit ban.The CEO of American chip giant Intel met with President Donald Trump on Monday. Last week, Trump and others called for CEO Lip-Bu Tan’s resignation over his business ties to China.A power shift is growing among high-ranking officials in the Chinese Communist Party. A senior Chinese diplomat has reportedly been arrested. He was widely seen as a potential candidate for foreign minister.00:00 Intro01:21 Nvidia, AMD to Pay 15% of China Chip Sales to US Gov’t03:23 Nvidia, AMD Face Legal Debate Over U.S. Exports: Expert07:18 Trump: ‘We’ll See What Happens’ with Deadline for China Tariffs07:57 Trump Calls for China to Quadruple Soybean Orders08:46 7-Year-Old U.S. Citizen Banned from Leaving China09:45 Intel CEO Met with Trump amid Calls to Resign11:00 The Future of Chinese-American Tech Elites?14:57 Chinese Diplomat Liu Jianchao Reportedly Arrested16:10 Chinese Coast Guard and Navy Ships Collide18:11 Thai Gallery Removes China-Focused Artworks

In this episode, Sal Mercogliano — a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses the collision between the People’s Liberation Army Navy destroyer Guilin and the Chinese Coast Guard Cutter 3104 while harassing and pursuing the Philippine Coast Guard Cutter Suluan on August 11, 2025, off Scarborough Shoal. #china #philippines #scarborough #collision #southchinasea Support What’s Going on With Shipping via: Patreon: www.patreon.com/wgowshipping Twitter: @mercoglianos Bluesky: @mercoglianos.bsky.socialFacebook: @wgowshipping Email: [email protected]:00 Collision Video05:21 Breakdown of Collision13:06 Damage Assessment and Rescue Operations15:16 Why and how are Chinese Naval and Coast Guard ships harassing the Philippines?

Treasury Secretary Scott Bessent discusses the latest inflation numbers, the search for a new Fed chair and U.S.-China trade talks on ‘Kudlow.’ #foxbusiness #news #federalreserve #economy #treasurysecretary #scottbessent #kudlow #trade

China Evergrande Group said its Hong Kong stock will be delisted, according to a filing to the Hong Kong bourse on Tuesday. The shares will be removed on Aug. 25 and the Guangzhou-based company won’t apply for a review of the exchange’s decision. Evergrande was once China’s largest developer by sales, and was worth more than $50 billion in 2017 at its peak. Bloomberg’s Minmin Low reports.——–

00:00 Introduction00:25 South China Sea Tensions03:30 US-China Trade War 07:10 Magnus on Peak China

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.Over the past few weeks, Chinese authorities have sent notices to a range of firms discouraging use of the less-advanced semiconductors, people familiar with the matter said. The guidance was particularly strong against the use of H20s for any government or national security-related work by state enterprises or private companies, said the people, who asked not to be identified because the information is sensitive. Bloomberg’s Ed Ludlow reports.The letters didn’t, however, constitute an outright ban on H20 use, according to the people. Industry analysts broadly agree that Chinese companies still covet those chips, which perform quite well in certain crucial AI applications. President Donald Trump said Monday that the processor “still has a market” in the Asian country despite also calling it “obsolete.” Nvidia and Advanced Micro Devices Inc. both recently secured Washington’s approval to resume lower-end AI chip sales to China, on the controversial and legally questionable condition that they give the US government a 15% cut of the related revenue. But even with Trump’s team on board, the two companies face the challenge that their Chinese customers are under Beijing’s pressure to purchase domestic chips instead. Beijing’s overall push affects AI accelerators from AMD in addition to Nvidia, one of the people said, though it’s unclear whether any letters specifically mentioned AMD’s MI308 chip. Shares of Chinese AI chip designer Cambricon Technologies Corp. surged to their daily limit of 20% on the news of China’s guidance, leading a rally in peers such as Semiconductor Manufacturing International Corp.Beijing’s stance could limit Trump’s ability to turn his export control about-face into a windfall for government coffers, a deal that highlighted his administration’s transactional approach to national security policies long treated as nonnegotiable.Still, Chinese companies may not be ready to jump ship to local semiconductors. “Chips from domestic manufacturers are improving dramatically in quality, but they might not be as versatile for specific workloads that China’s domestic AI industry hopes to focus on,” said Homin Lee, a senior macro strategist at Lombard Odier in Singapore. Lee added that he anticipates “strong” demand for the chips the Trump administration is allowing Nvidia and AMD to sell. Rosenblatt Securities analyst Kevin Cassidy said he doesn’t anticipate that Nvidia’s processor sales to China will be affected because “Chinese companies are going to want to use the best chips available.” Nvidia and AMD’s chips are superior to local alternatives, he said.Beijing asked companies about that issue in some of its letters, according to one of the people, posing questions such as why they buy Nvidia H20 chips over local versions, whether that’s a necessary choice given domestic options, and whether they’ve found any security concerns in the Nvidia hardware. The notices coincide with state media reports that cast doubt on the security and reliability of H20 processors. Chinese regulators have raised those concerns directly with Nvidia, which has repeatedly denied that its chips contain such vulnerabilities.The Financial Times reported that some Chinese companies are planning to decrease orders of Nvidia chips in response to the letters.Right now, the people said, China’s most stringent chip guidance is limited to sensitive applications, a situation that bears similarities to the way Beijing restricted Tesla Inc. vehicles and Apple Inc. iPhones in certain institutions and locations over security concerns. China’s government also at one point barred the use of Micron Technology Inc. chips in critical infrastructure.

China has released rare footage of its mysterious DF-100 supersonic cruise missile in action, shedding new light on the specifications and mobility of the model believed to be a major deterrent for US warships and military bases in the region.