Home / Business and Economy / Nvidia Halts H20 GPU Production, Seeks Approval for Advanced Chip Exports to China
Nvidia Halts H20 GPU Production, Seeks Approval for Advanced Chip Exports to China
22 Aug
Summary
- Nvidia asked suppliers to halt H20 GPU production
- Nvidia in talks with U.S. government to ship more advanced chip to China
- Intuit's Q1 revenue growth weaker than expected despite strong Q4 earnings
According to the news, Nvidia, the artificial intelligence chip maker, has faced some recent challenges. As of August 22nd, 2025, the company has reportedly asked some of its component suppliers to halt production of its H20 graphics processing units. Additionally, Nvidia is said to be in conversations with the U.S. government about shipping a more advanced chip to China.
In other tech news, Intuit, the financial technology company, has seen mixed results. While Intuit's fourth-quarter earnings and revenue surpassed analyst expectations, its revenue growth guidance for the first quarter of the current fiscal year came in weaker than anticipated. The company expects year-over-year growth of 14-15% for the first quarter, below the 15.9% that analysts had projected.
Elsewhere, Workday, the human resources software provider, has warned of challenges in its government and education businesses. The company's third-quarter subscription revenue guidance was in line with analysts' expectations, but its adjusted operating margin is expected to be slightly below the consensus estimate.
