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00:02NVIDIA has halted the production of its H2O AI chip for the Chinese market after Beijing told
00:07companies not to buy the product due to security concerns, according to tip ranks. The H2O was
00:12designed to comply with U.S. export rules, with sales previously approved by the Trump administration
00:16under a deal requiring 15% of the revenue to go to Washington. Chinese firms rushed to place
00:21orders, but Beijing raised questions about risks such as potential remote access, which NVIDIA
00:25deny. The company is now focusing on modified chips based on its Blackwell architecture
00:30that can meet U.S. requirements while still offering stronger performance than domestic
00:34alternatives. The company reports earnings Wednesday, August 27th, as it navigates escalating
00:39U.S.-China technology tensions. For all things money, visit Benzinga.com.
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