Day: April 16, 2025
Shares plunge as firm says H20 chip, designed for Chinese market to comply with controls, will now need special licence
Nvidia has said it expects a $5.5bn (£4.1bn) hit after Donald Trump’s administration barred the chip designer from selling crucial artificial intelligence chips in China, sending shares in one of the US’s most valuable companies plunging in after-hours trading.
The company said in an official filing late on Tuesday that its H20 AI chip, which was designed specifically for the Chinese market to comply with export controls, would now require a special licence to sell there for the “indefinite future”.
Latest ABS data reveals Labor’s target of building 1.2m homes in five years already running 30,000 behind schedule
- Election 2025 live updates: Australia federal election campaign
- Polls tracker; election guide; full federal election coverage
- Anywhere but Canberra; interactive electorates guide
- Listen to the latest episode of our new narrative podcast series: Gina
- Get our afternoon election email, free app or daily news podcast
The major parties have clashed over housing targets, with Clare O’Neil criticising the opposition’s housing policy as “melange of weird things” as new offical figures reveal Labor’s goal of building 1.2m homes in five years is running 30,000 behind schedule after just six months.
The latest Australian Bureau of Statistics (ABS) data revealed there were 90,136 dwellings completed in the six months to December, including roughly 57,000 houses and 33,000 apartments.
