Top chip designer takes a $5.5 billion hit from US security clampdown, curbing sales of its H20 AI chip to cloud giants in China

After averting the risk of a 100% tariff on its chip sales to the US, the world’s largest contract chipmaker now faces the threat of a $1 billion penalty from Washington

Renewable power generation provided a record 32% of global electricity last year

The US has imposed tariffs ranging from 10% to 49% on countries across Asia and the rest of the world – plus two uninhabited Australian islands near Antarctica. In Asia there are fears of a trade war and a recession

The orders for Nvidia's H20 chip - the most advanced semiconductor the group is permitted to sell to China – came in the first three months of this year, a report by The Information said

Analysts have, since last year, been cautioning on a slowdown in Chinese spending on chip equipment

DeepSeek has narrowed the AI gap between China and the US and may even be ahead in some sectors, former Google China boss says

Survey finds one of the biggest-ever drops in exposure to US equities, amid concerns on stagflation, trade wars and the end of US exceptionalism

Nvidia chief expected to reveal details about the company's new flagship AI chips – designed for huge data centres that train AI systems

Baidu has struggled to gain widespread adoption for its Ernie LLM, despite claiming performance comparable to OpenAI's GPT-4

Singapore prosecutors say local firms have been accused of fraudulently supplying $390m worth of US servers to Malaysia, amid reports it involves Nvidia chips sent to China

TSMC proposed setting up a firm with design giants like Nvidia to run Intel's chip fabs, but the US firm's new CEO has told employees he wouldn't split the group up