Latest news with #ReneHaas
Bloomberg
11 hours ago
- Business
- Bloomberg
Has Europe Already Lost the AI Arms Race?
Bloomberg Tech: Europe spotlights the biggest names and trends shaping the region's technology ecosystem as the global competition heats up. This monthly, 30-minute 'magazine-style' show features in-depth interviews with top technology leaders, as well as major investors and policymakers - giving you a compelling A to Z of the most consequential innovations, opportunities and challenges. On today's show, the next industrial revolution is here — powered by AI. The US and China may dominate, but is Europe ready to close the gap? We discuss with Plural CEO, Carina Namih, Giant Ventures, Co-Founder & General Partner, Tommy Stadlen, Balderton Principal, Laura McGinnis and Arm CEO Rene Haas. (Source: Bloomberg)
Yahoo
12-06-2025
- Business
- Yahoo
America's Chip Crackdown Just Handed China a $8B AI Opportunity
Arm (NASDAQ:ARM) CEO Rene Haas is joining a growing chorus of semiconductor leaders warning that U.S. export restrictions on China could backfirehurting not just American chipmakers, but consumers and the entire pace of global innovation. Speaking at the Founders Forum Global in Oxford, Haas said that forcing China to build alternative ecosystems doesn't just isolate themit shrinks the market opportunity for everyone. It makes the pie smaller, he said, adding that Arm's own exposure to China is quite significant. His view echoes recent remarks from Nvidia (NASDAQ:NVDA) CEO Jensen Huang, who has been increasingly vocal about the consequences of these export bans. Warning! GuruFocus has detected 3 Warning Signs with ARM. Nvidia is already seeing the fallout. The company expects to lose around $8 billion in Chinese revenue this quarter alone after the U.S. tightened curbs on data center chip exports. Huang said in an April interview that Chinese AI firms are stepping in fast to fill the gap. The Chinese competitors have evolved, he noted, calling Huawei a formidable player. With Nvidia no longer selling its top AI chips to China, homegrown rivals are gaining momentum. While Arm and Nvidia once explored a merger, they now compete head-to-head in high-performance computing, with Arm claiming a unique edge across both large-scale data centers and low-power edge devices like earbuds. Despite the escalating rhetoric, there may be a thaw underway. Washington and Beijing just concluded a new round of trade negotiations, and Donald Trump declared a deal was DONE to restore rare metal exports from China. U.S. Commerce Secretary Howard Lutnick added that some tech curbs could be rolled back in return. Behind the scenes, Haas said his time in Washington has surged in the past 18 months, as Arm works to ensure policymakers understand what's at stake. The current administration has a lot of smart people connected to our industry, he said, signaling a willingness to engagebut also a growing urgency to shift course. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
12-06-2025
- Business
- Time of India
Arm CEO warns on US export restrictions to China: ‘If you narrow access to technology…'
Representative Image Arm CEO Rene Haas has joined a growing list of tech leaders, including Nvidia 's Jensen Huang warning against the impact of US export restrictions on China. For those unaware, the US imposed a new rule in April that banned exports of advanced data centre chips to China. Speaking at the Founders Forum Global conference in Oxford on Thursday, June 12, Haas said that the controls could hinder global technological progress and harm both companies and consumers. In the interview with Bloomberg, he said 'If you narrow access to technology and you force other ecosystems to grow up, it's not good'. 'It makes the pie smaller, if you will. And frankly, it's not very good for consumers,' he added. Hass's comments echoed Nvidia's Huang who last month warned that US companies are losing ground while Chinese firms like Huawei gain strength. 'The Chinese competitors have evolved,' Huang then said. 'Huawei has become quite formidable.' What the US export rules say The latest rules targeted Nvidia's H20 chip — the main product the company had specifically designed to meet earlier US regulatory requirements. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Deze elektrische SUV is slimmer dan je denkt. Ontdek het zelf. Meer informatie Undo Under the new regulations, even chips like the H20, which were previously cleared for sale in China, are now restricted because they still offer computing power considered too advanced. The U.S. government has said the measures aim to prevent China's military from accessing cutting-edge AI technology. Semiconductor executives worry that the US policy of limiting chip exports could backfire. Critics argue that such bans will push China to rapidly build its own tech industry, weakening the position of US companies globally. The curbs have cost Nvidia an estimated $8 billion in revenue this quarter alone. What Nvidia says Nvidia had said that the new export controls would impact its business significantly, warning of a $5.5 billion hit to revenue. Despite these setbacks, Nvidia continues to explore ways to maintain its presence in the Chinese market while staying within regulatory limits. As per The Information report, Nvidia has told customers that a sample of the new chip will be available as soon as June. The company is also working on a China-specific version of its latest-generation AI chip, Blackwell. Android 16 IS HERE! Live Notifications, Tablet Desktop Mode & MORE!
Bloomberg
12-06-2025
- Automotive
- Bloomberg
Arm CEO Sides With Nvidia Against US Export Limits on China
Arm Holdings Plc Chief Executive Officer Rene Haas said Thursday that US export controls on China threaten to slow overall technological advances and are ultimately bad for consumers and companies, aligning himself with Nvidia Corp. Chief Executive Officer Jensen Huang and others looking to ease tensions between Washington and Beijing. 'If you narrow access to to technology and you force other ecosystems to grow up, it's not good,' Haas said Thursday in an interview with Bloomberg at the Founders Forum Global conference in Oxford. 'It makes the pie smaller, if you will. And frankly, it's not very good for consumers.' He also noted that Arm's footprint in China is 'quite significant.'
CNBC
10-06-2025
- Business
- CNBC
Cramer's Lightning Round: Papa John's is a 'wait and see situation'
Joby Aviation: "...Joby is good, and I'm going with it." Arm: "You're in good shape. That's Rene is a partner of Nvidia." Papa John's: "I think it's a wait and see situation with Papa John's. So, I'm not going there yet. I'm not saying yes." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club holds shares of Nvidia.
