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Huawei Technologies is set to begin mass shipments of its advanced 910C AI chip to Chinese customers as early as May 2025. This GPU, which serves as a domestic alternative to Nvidia’s H20 chip, offers double the computing power and memory capacity by integrating two 910B processors. The development of the 910C reflects how export restrictions can drive domestic innovation, as Huawei has rapidly advanced its chip technology in response to US trade limitations.
Nvidia's stock fell nearly 5% following reports of Huawei mass shipping its advanced 910C AI chip in China, a market Nvidia is barred from competing in due to U.S. export restrictions. Bernstein analyst Stacy Rasgon emphasized that Nvidia's inability to sell top-tier chips like the A100 and H100 has effectively handed the Chinese AI market to Huawei. Despite a 29.93% drop in stock value this year, Nvidia remains up 21.87% over the past 12 months.
Alibaba’s logistics arm, Cainiao, has launched support initiatives aimed at assisting Chinese cross-border sellers. This move is part of a broader strategy to enhance the capabilities and competitiveness of these sellers in the international market.
Unitree Robotics has inaugurated a new 10,000 square meter factory in Hangzhou to address the rising demand for humanoid robots in China. This expansion aligns with the country's goal to dominate the global humanoid robot market, aiming to produce half of all units by 2025, while the company’s vertical integration strategy allows it to offer competitive pricing at $16,000 per unit. As humanoid robots transition from research to commercial products, significant investment is flowing into the sector, driven by applications in healthcare and labor shortages in aging societies.
UBS is selling its India wealth business to 360 ONE, which includes local stock broking, portfolio management services, and a residual loan portfolio. As part of the agreement, UBS will acquire a 4.95% stake in 360 ONE and will serve clients booked in Singapore through UBS Singapore, pending regulatory approvals. This move marks UBS's exit from equity control in its India onshore wealth business while enhancing its offshore wealth services in collaboration with its local partner.
UBS Group AG has entered an exclusive partnership with India's 360 One WAM Ltd, transferring its onshore wealth management business in India to the firm while acquiring a 4.95% stake valued at 21 billion rupees. This move aims to enhance UBS's presence in India's growing wealth market, despite facing stiff competition. The partnership is seen as a significant step for UBS in Asia, with potential for further developments in the future.
Ministerial-level trade talks between Thailand and the US, scheduled for April 23, 2025, have been postponed, with further details to be provided by Deputy Prime Minister Pichai Chunhavajira on April 22. The delay comes amid rising tensions over a significant trade imbalance, as Thailand's surplus with the US surged to $45.6 billion in 2024, prompting concerns over potential tariffs that could impact economic growth and export-dependent sectors.
Chinese humanoid robot manufacturers are set to ramp up production significantly in 2025, with six companies planning to produce over 1,000 units this year, valued at approximately 4.5 billion yuan (US$616 million). This surge reflects China's strengths in hardware manufacturing and rapid scaling, contrasting with American firms' focus on AI and software development. The global humanoid robot market is projected to reach $38 billion by 2035, driven by China's industrial policies and demographic challenges, while recent US tariffs are reshaping supply chains and creating vulnerabilities in the robotics industry.
The government is expected to limit Chinese equity investments in electronics joint ventures to a maximum of 10%. This move aims to regulate foreign influence in the sector while promoting domestic growth and innovation. The decision reflects ongoing concerns about national security and economic independence.
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Huawei to begin mass shipments of advanced AI chip by May 2025
07:25 22.04.2025
nvidia stock drops as huawei prepares to dominate china's ai chip market
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07:11 22.04.2025
Alibaba's Cainiao supports Chinese sellers in cross-border trade initiatives
06:52 22.04.2025
Unitree Robotics expands production with new factory in Hangzhou
06:35 22.04.2025
ubs sells india wealth business to 360 one and acquires stake
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06:10 22.04.2025
ubs partners with 360 one to enhance wealth management in india
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06:00 22.04.2025
Thailand and US postpone trade talks amid tariff concerns
05:06 22.04.2025
Chinese robotic firms ramp up humanoid robot production amid global competition
04:45 22.04.2025
government plans to limit chinese equity in electronics joint ventures to ten percent
04:14 22.04.2025
disclaimer on investment advice and information accuracy from aastocks com limited
02:12 22.04.2025
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