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Nvidia’s China-based rival posts 4,300% revenue jump as chipmakers’ earnings reported no H20 chip sales to the country

Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%. The earnings, released late Tuesday, serve as an example of Nvidia’s growing local competition in China, as the government and market seek alternative chipmakers to gain traction in the region. Nvidia’s business in … Read more

Nvidia earnings beat Wall Street’s sky-high expectations, but the stock is falling because ‘there were no H20 sales to China-based customers’

Nvidia recorded no China sales revenue for H20 chips and just narrowly beat Wall Street estimates as the AI chipmaker reported quarterly earnings Wednesday. Tied up H20 chip inventory intended to be sold to China before U.S. intervention in April was sold elsewhere, the company said. Revenue increased 56% from the same period a year … Read more

China-based Bc Babycare ramps up U.S. expansion despite trade war

U.S. births rose by 1% in 2024, with 3.6 million births recorded for the year, according to the CDC’s National Center for Health Statistics. SAN DIEGO, CALIFORNIA – OCTOBER 26: A woman pushes a stroller while walking along the La Jolla coastline at sunset on October, 2024 in San Diego, California. (Photo by Kevin Carter/Getty … Read more

U.S. and China-based DDC Enterprise adopts Bitcoin reserve strategy with 5,000 BTC target

E-commerce company DDC Enterprise announced its plans to adopt a strategic Bitcoin reserve, with the goal of accumulating at least 5,000 BTC within the next 36 months. It initially invested in 100 BTC ($10.3 million). Through an official statement, the e-commerce company that operates between China and the United States unveiled plans to adopt a … Read more

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