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Nvidia expects $5.5 bn hit as US targets chips sent to China
Nvidia expects $5.5 bn hit as US targets chips sent to China
Business and Economy
by  AFP

Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing requirement on the primary chip it can legally sell in China. "First quarter results are expected to include up to approximately $5.5 billion of charges associated with H20 products for inventory, purchase commitments, and related reserves," Nvidia said in the filing. gc/des

Wine consumption falls heavily into the red
Wine consumption falls heavily into the red
Business and Economy
by  AFP

Worldwide consumption of wine fell in 2024 to its lowest level in more than 60 years, the main trade body said Tuesday, raising concerns about new risks from US tariffs. Production is also at its lowest level in more than 60 years, having fallen 4.8 percent in 2024 to 225.8 million hl.