Global Times reported Aug. 10 that U.S. chip giant Nvidia “reportedly reached a $1 billion deal with Chinese tech giants for A800 processors, as U.S. chipmakers ramp up sales of modified chips to China despite ongoing U.S. efforts to suppress China’s chip industry.”
The impact of the chip war on U.S. companies is significant: “For the quarter ended on July 1, Intel’s revenue fell 15% year-on-year to $12.9 billion, marking the sixth consecutive quarter of declining sales, according to the company’s second-quarter report.”
