Eased Trade Tensions but China AI Chip Exports Unresolved for NVIDIA; Kioxia Forecasts ¥1.3T Profit
US-China summit ended without resolving AI chip export restrictions, leaving NVIDIA’s access to China uncertain despite eased trade tensions. Kioxia projected a ¥1.3 trillion operating profit for the June quarter and cited surging NAND demand for AI accelerators, hinting at stronger component supply for NVIDIA data centers.
1. US-China Summit Leaves AI Export Talks Unresolved
U.S. and Chinese leaders met to discuss technology and trade but failed to finalize AI chip export controls. Key licensing criteria remain undetermined, leaving NVIDIA’s potential market access in China unclear even as both sides agreed to roll back certain tariffs.
2. Kioxia Projects Record Profit, Signals Strong NAND Supply
Kioxia forecasted a ¥1.3 trillion operating profit for the June quarter, driven by more than doubled NAND prices and robust demand from AI data centers. The supplier is negotiating long-term contracts with major operators, suggesting improved availability of high-bandwidth memory for NVIDIA’s accelerator products.