The success of Seedance — hailed as another ‘breakthrough’ by Chinese media — is in line with Beijing’s lofty ambitions to position itself as a global leader in artificial intelligence

The statements, from the island's vice-premier, came after US Commerce Secretary Howard Lutnick said his goal was to bring 40% of Taiwan's entire chip supply chain and production to the US. He threatened the island with 100% tariffs if this does not happen.

The review marks yet another delay for Nvidia, which is hoping to return to China’s $50 billion-a-year AI market after a recent Beijing ban on its chips

The race to build AI infrastructure has caused chipmakers to divert manufacturing capacity toward more lucrative HBM chips, while bitter past experiences kept them from expanding production lines

Regulatory approvals were granted during Nvidia chief executive Jensen Huang's visit to China this week

A top Taiwan official said the deal would encourage US investment in the island and help 'the extension and expansion' of its technology industry

Analysts say Beijing's restrictions on the H200 could be aimed at exerting leverage on Washington in the run-up to US President Donald Trump's April visit to China

MiniMax is the second of China's so-called 'AI tigers' to go public, the first being Zhipu AI which made its market debut on Thursday, and also saw solid gains on Friday

The strict payment requirements underscore the delicate balancing act Nvidia faces as it attempts to capitalise on surging Chinese demand while navigating regulatory uncertainty with both Beijing and Washington

The new policy is already generating greater technology breakthroughs and higher revenues for Chinese chip equipment suppliers

Washington’s decision to postpone the current lot of tariffs follows extensive negotiations with Beijing and a meeting between Trump and his Chinese counterpart Xi Jinping

The review process, once complete could result in the first shipments to China of Nvidia's second-most powerful AI chips