Nvidia’s H20 AI Chip for China to Hit the Market in Q2 2024
Nvidia is preparing to launch its H20 AI chip for China in the second quarter of 2024 after facing setbacks. The H20 chip is one of the three China-focused chips Nvidia developed to comply with the U.S. AI chip ban regulations. Nvidia, the U.S. chipmaker company, is set to start mass production of its H20 […]
Taiwan Central Bank Concludes Wholesale CBDC Study
The Central Bank of Taiwan has concluded a feasibility study regarding introducing wholesale central bank digital currency (CBDC) and is further deliberating on the matter. The central bank will continue to work on platform design while soliciting input from academicians and business professionals, Deputy Governor Mei-lie Chu stated on December 7. Chu described Banking 4.0, […]
Chinese Digital Yuan Debut Usage in Cross-border Oil Deal
Chinese digital yuan CBDC has been used to trade in an oil transaction for the first time as PetroChina International purchased one million barrels of petroleum using it, as reported by the Shanghai Petroleum and Natural Gas Exchange (SHPGX). According to the exchange, the transaction was a response to a request by the Shanghai Municipal […]
China FX Regulator Supports CBDC Amid Monetary Policy
An official from China’s foreign exchange regulator expressed support for the digital yuan initiative of the CBDC. Some of the key characteristics of CBDC, according to Lu Lei, deputy administrator of the State Administration of Foreign Exchange (SAFE), might assist in improving the efficacy of monetary policy tools, she told the CNA agency. The source […]
US to Tighten AI Chip Controls Via Third Parties to China
The United States is contemplating additional measures to prevent Chinese developers from accessing U.S.-made artificial intelligence (AI) semiconductor chips through third parties. Reuters reported on October 13 that the Biden administration is targeting a loophole that has allowed Chinese developers to purchase processors from the infamous Huaqiangbei electronics district in the southern Chinese city of […]