
Beijing has expressed opposition to possible new U.S. restrictions on chip sales, as a scandal in the United States strengthens tough-line advocates.
AI-generated summary
Tensions between Washington and Beijing persist over trade in advanced technologies and semiconductors.
Beijing said on Friday that it was opposed to possible new American restrictions on chip sales to China, while the scandal targeting the boss of Nvidia strengthens supporters in the United States of firmness on the issue.
“China has consistently opposed the abuse of export control measures, which disrupts the stability of global industrial and supply chains and serves no one’s interests,” Chinese Foreign Affairs spokesperson Mao Ning said at a regular press briefing.

A 40-page memo published in May by the Culper Research fund already suspected Nvidia of close ties and circumvention of sanctions with China via the Singaporean company Megaspeed, foreshadowing the current scandal.

Seventeen employees of Safran Landing Systems in Molsheim have abnormal levels of heavy metals after overexposure to chromium linked to a malfunction of the ventilation system. The production line was stopped on October 7 and technical investigations are underway.
Jensen Huang, founder and CEO of Nvidia since 1993, has stepped down as Chairman, CEO and Director effective immediately. Colette Kress is acting in the interim while the board of directors examines internal and external candidates to succeed her.
Jensen Huang, co-founder and boss of Nvidia, resigned after the revelation of an extramarital affair with Alice Huang, a Chinese business leader suspected of spying for Beijing. The affair worries the very top of the American state and takes a political turn.

Jensen Huang resigned as CEO of Nvidia and the board of directors on Thursday, after the New York Times revealed an affair with Kimberly Powell, vice president in charge of the health division. This announcement adds to a pre-existing scandal concerning his relationship with Alice Huang, former Megaspeed executive suspected of spying for China and involved in illegal trafficking of AI chips to Beijing. The board of directors, meeting urgently, took this decision a few days before the presentation of the financial results.

Reservations for new homes fell 24.4% in the third quarter, reaching a fifty-year historic low according to the REIT. Sales plunged by 32.1% and the sector has lost more than 12,000 jobs since mid-2022, in a context of multifactorial crisis.