April 19, 2025
US-China chip tensions hit AI darling Nvidia as fears of a prolonged trade war escalate
Nvidia's AI chips have been a key focus of US export controls in an effort to keep ahead in the AI race
SSI, which sources say was recently valued at $32 billion in a round led by Greenoaks, is one of the highest-profile startups working on AI model research
Nvidia has backed startups working on co-packaged optics for AI chips
The new trajectory includes restructuring the company's approach to AI and staff cuts to address “a slow-moving and bloated middle management layer”
While China claims democratically governed Taiwan as its own territory, Beijing has no say in foreign investment approval decisions by Taipei
