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Nvidia faces financial blow after US export controls: US-based tech company Nvidia is facing a setback of USD 5.5 bn in its 1Q 2025 earnings after the US tightened its restrictions on the export of its H20 AI chips to China and other destinations, causing the tech firm’s stocks to tumble over 8% earlier this month, CNN reports. This came after Nvidia was informed by the US Commerce Department that the company would face new export licensing requirements, including a specialized license to export the H20 chips to China, Reuters reports.
REMEMBER- US President Donald Trump launched a trade probe into chips and pharma earlier this week, which usually take months to conclude, though Trump and other officials have said it could end quickly — as soon as next week.
China shifts gears amid Boeing shortage: Chinese state-owned aerospace manufacturer Commercial Aircraft Corporation of China (Comac) has been stockpiling its US-made engines to build dozens of planes in 2025, people familiar with the matter told Bloomberg. The move aims to help local airlines with their repairs and maintenance needs of Boeing aircraft in their fleet after the government reportedly halted Boeing deliveries to the airlines this week.
Anything other than Boeing: China’s government officials are considering asking Airbus to supply new jets with an extra set of engines, even when Airbus’ engines have been made by US companies or include US components. “Even if those engines may have been made by US companies or have US components, they wouldn’t be levied if they arrive attached to a plane from a French manufacturer, sources familiar with the matter told Bloomberg.
Does everyone have it out for Boeing? Trump’s 10% blanket tariffs will affect Boeing the most as the planemaker’s parts are reliant on parts shipped to the US from abroad to be assembled, and 80% of the multi-USD mn planes are shipped overseas, The Washington Post reports.
Russia…not so much: Russia has been asking the US to let it buy Boeing aircraft using USD bns in frozen state assets, once a ceasefire in Ukraine is confirmed, an unnamed source familiar with the matter told Bloomberg.
