Nvidia to launch downgraded AI chip for China after US export curbs – Reuters
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) is preparing to launch a lower-spec version of its H20 artificial intelligence chip in China as early as July, according to a Reuters exclusive citing three sources.
The move follows fresh US export restrictions that effectively barred the original H20 from the Chinese market.
The revised chip, intended for major clients including Tencent and Alibaba, will feature significantly reduced memory and performance to comply with new US rules.
China remains a vital market for Nvidia, accounting for 13% of its annual revenue.
The H20 had previously been the most advanced AI chip the US permitted for Chinese sales. Chief executive Jensen Huang visited Beijing last month, underlining the market’s strategic importance to the company.
Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF) said on Thursday it has appointed mining executives Jason Howe and Joseph Gallucci to its board of directors, as the company prepares for copper production at its Johnson Camp Mine (JCM) in the third quarter of 2025.
The additions are part of Gunnison’s effort to strengthen its leadership team with experience in mining finance and production as it advances development of both the JCM and the Gunnison Copper Project’s open pit plan.
Howe, a chartered professional accountant and co-founder of Capstone Mining, brings more than two decades of experience in corporate development and strategic transactions. At Capstone, he led business development and was instrumental in several high-profile deals, including a $2 billion transaction in 2021 involving Mantos Copper and Wheaton Precious Metals.
Gallucci, currently managing director and head of investment banking at Laurentian Bank Securities, has worked across capital markets and mining equity research for over 20 years. He has led financings totaling over $1 billion for base and precious metals companies and previously held senior roles at BMO Capital Markets, GMP Securities and Dundee Securities.
Fred Duval, Chair of the Board, said:
I am extremely pleased to welcome both Jason and Joseph to the Gunnison Board as we reconstitute the board of directors as part of our new strategic focus,
“Their vast array of experiences in the mining industry will bring valuable input to the team.”
The Gunnison Copper Project is located in southeastern Arizona and aims to support US domestic copper production as demand for critical minerals grows.
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Nvidia to launch downgraded AI chip for China after US export curbs – Reuters, source
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