ByteHaven

ByteHaven ByteHaven — your trusted destination for smart IT solutions. We specialize in software development.

U.S. restricts export of Nvidia’s most advanced AI chips to foreign countriesU.S. President Donald Trump stated that the...
11/03/2025

U.S. restricts export of Nvidia’s most advanced AI chips to foreign countries

U.S. President Donald Trump stated that the most advanced chips developed by Nvidia — specifically those under the “Blackwell” architecture — will be reserved exclusively for U.S. companies. “The most advanced, we will not let anybody have them other than the United States,” he said. He added: “We don’t give (the Blackwell) chip to other people.”

His remarks indicate a potential tightening of U.S. export-controls on cutting-edge semiconductors, specifically blocking access to China and possibly other nations.

Despite this, the company recently announced plans to ship over 260,000 Blackwell AI chips to South Korea and major Korean firms, showing that sales to certain allied countries continue.

Mr. Trump also indicated that while the top version of the chip will remain off-limits, a less capable version might still be allowed for foreign sale.

Onsemi beats quarterly estimates on AI-driven demandChipmaker Onsemi reported better-than-expected quarterly results, dr...
11/03/2025

Onsemi beats quarterly estimates on AI-driven demand

Chipmaker Onsemi reported better-than-expected quarterly results, driven by rising demand for chips used in artificial intelligence applications and data centers.

The company posted third-quarter revenue of $1.55 billion, exceeding market estimates of around $1.52 billion. Adjusted earnings per share came in at $0.63, higher than expectations of $0.59.

Onsemi said that strong demand for its power-management chips, especially those used in AI servers and computing infrastructure, helped offset weaknesses in other markets.

However, the company’s automotive division, which produces silicon-carbide chips for electric vehicles, faced slower demand due to cautious spending and weaker EV sales in Europe and North America.

For the upcoming quarter, Onsemi projected revenue between $1.48 billion and $1.58 billion and adjusted earnings per share between $0.57 and $0.67, roughly in line with analyst expectations.

Chief Executive Officer Hassane El-Khoury said the company is seeing signs of stabilization in core markets along with continued momentum in AI-related demand.

MongoDB appoints Chirantan Desai (CJ Desai) as new CEOMongoDB Inc. has appointed Chirantan Desai, popularly known as CJ ...
11/03/2025

MongoDB appoints Chirantan Desai (CJ Desai) as new CEO

MongoDB Inc. has appointed Chirantan Desai, popularly known as CJ Desai, as its new Chief Executive Officer, effective November 10. Desai previously served as the Head of Product and Engineering at Cloudflare Inc.

He will replace Dev Ittycheria, who led the company for over 11 years. Ittycheria will continue to serve on the board of directors and act as an advisor during the transition period.

Desai brings more than 25 years of experience in the technology industry, having held leadership positions at ServiceNow, EMC, Symantec, Oracle, and most recently Cloudflare. His background in enterprise technology and product development is expected to strengthen MongoDB’s leadership in the cloud-database market.

MongoDB said it anticipates strong third-quarter results, reflecting continued growth in its cloud-database services. Following the announcement, the company’s shares saw an early increase in trading.

Karnataka announces ₹600 crore to build deep-tech capital ahead of Bengaluru Tech SummitThe Karnataka government has ann...
11/03/2025

Karnataka announces ₹600 crore to build deep-tech capital ahead of Bengaluru Tech Summit

The Karnataka government has announced a funding package of ₹600 crore to strengthen the state’s deep-technology ecosystem. The initiative aims to support entrepreneurs and startups working in advanced fields such as artificial intelligence (AI), machine learning (ML), quantum computing, advanced manufacturing, robotics, and sustainable technology.

Key allocations include:

₹150 crore for the Deep Tech Elevate Fund, focusing on AI and frontier technologies.

₹80 crore for the Elevate Beyond Bengaluru program to promote tech growth in regions such as Mysuru, Mangaluru, Hubballi-Dharwad, and Kalaburagi.

₹75 crore from the KITVIN Fund for equity-based investments in deep-tech and AI startups, with investment sizes between ₹50 lakh and ₹2 crore.

₹48 crore to establish new incubators and accelerators at institutions like IIT and IIIT in Dharwad and Kalaburagi.

₹110 crore for business incubators in higher education institutions across 11 approved campuses.

The announcement was made ahead of the Bengaluru Tech Summit, reflecting Karnataka’s ambition to position itself as India’s deep-tech capital.

The minister noted that this initiative is part of the state’s “DeepTech Decade” vision and added that more investments may follow in the coming years to build on this foundation.

German auto parts sector rushes to get China exemptions for Nexperia chip exportsAutomotive suppliers are rushing to sec...
11/03/2025

German auto parts sector rushes to get China exemptions for Nexperia chip exports

Automotive suppliers are rushing to secure exemptions from Chinese export restrictions on Nexperia chips, hoping for a political solution to a trade dispute that threatens production in the car industry.

A dispute over Nexperia, which produces large volumes of basic chips used in cars, has raised concerns about possible assembly line shutdowns. The Netherlands recently seized control of the Dutch chipmaker due to concerns over its Chinese parent company, Wingtech.

China announced on Saturday that it would consider granting exemptions for certain chip exports affected by the Dutch move, raising hopes of an easing in the standoff.

Germany’s ZF confirmed it is working with Chinese authorities to ensure chip deliveries continue. The company has also said it may have to furlough workers if the shortage worsens. Another German firm, Aumovio, has also applied for export exemptions through the Chinese commerce ministry.

Industry representatives welcomed signs that the dispute could ease but expressed concerns about the complexity of the bureaucratic exemption process and uncertainty about how long approvals might take.

“China did open up the regulations a little for the export of stock,” said Dominik Zillner of Components at Service, a Germany-based electronics distributor. “However, this can only be done with special permission from the Chinese commerce ministry.”

China’s foreign ministry said on Monday that all parties should uphold contractual commitments, maintain a market-oriented approach, and safeguard the security and stability of global semiconductor supply chains.

Address

1234 Elm Street
Springfield, IL
62704

Website

Alerts

Be the first to know and let us send you an email when ByteHaven posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category