Singapore authorities have charged another individual in an expanding fraud investigation linked to the alleged misuse of high-performance computing and AI server equipment.

China may relax curbs on exports of rare earths for Chinese and European semiconductor firms and other companies in their supply chain, state media said on Wednesday.

Nvidia (NVDA) plans to release a downgraded version of its H20 artificial intelligence chip for China in the next two months, following U.S. export restrictions on the original model, according to three sources familiar with the matter, News.Az reports, citing Reuters.

Nvidia (NVDA) stock rose 1.5% in premarket trading on Thursday as the Trump administration said it plans to repeal AI chip export restrictions put into place under former President Biden.

In its annual report released on Wednesday, ASML, the major computer chip equipment manufacturer, pointed to uncertainty surrounding export controls as one of the key factors affecting customer demand in 2024.

The Biden administration is preparing a final round of restrictions on the export of artificial intelligence (AI) chips, including those from companies like Nvidia Corp., aimed at limiting access to advanced technologies by China and Russia.

China announced on Tuesday that it will ban the export of materials related to gallium, germanium, antimony, and superhard substances to the U.S., citing national security concerns.