Trump pressures for rate cut again ahead of FOMC... "Should be the lowest in the world"
U.S. President Donald Trump. [Photo = The White House] U.S. President Donald Trump once again pressured the Federal Reserve, the U.S. central bank, to lower interest rates on the 27th (local time
“Ignoring crisp ballots and damaged seals”… Tongyeong mayoral recount concludes with ‘no change in outcome,’ leaving suspicions and public outrage behind
Suspected counterfeit ballots discovered in Tongyeong [GIF from social media of Representative Hwang Kyo-ahn / Attorney Park Joo-hyun]During a recount of the Tongyeong mayoral election in South Gyeong
President Yoon, regarding the first-instance ruling on the Public Official Election Act: “An excessive political verdict that distorts the facts… We will appeal immediately.”
The first-instance sentencing hearing for President Yoon Suk Yeol regarding violations of the Public Official Election Act is being broadcast live at Seoul Station on the 27th. [Photo=Yonhap News]Pres
WSJ: "SK Hynix ADR Premium Is a Sign of AI Trading Overheat"
Advertisement for SK Hynix ADR listing in New York's Times Square [Reuters=Yonhap News file photo]The Wall Street Journal (WSJ) has pointed out that the price of SK Hynix’s American Depositary Recei
'Godfather of Japanese Mystery Novels' Keigo Higashino Passes Away After Battle with Cancer at 68
Famous Japanese mystery novelist Keigo Higashino [AFP=Yonhap News]It has been belatedly reported that Keigo Higashino, the "godfather of Japanese mystery novels" and author of bestsellers such as "The
[Park Pil-kyu Security Column] To the Ignorant Trying to Clothe a Beast in Sheep's Clothing
Rep. Kim Byung-joo of the Democratic Party of Korea [Photo=Yonhap News]“The Air Force Academy doesn't teach you how to fly a plane!” “The Army, Navy, and Air Force academies are exactly the
President Trump. AFP=Yonhap NewsPresident Donald Trump announced on December 8 (local time) that the United States will allow the export of Nvidia's AI chip 'H200' to China.
Through the social media platform Truth Social, President Trump stated, "I have informed President Xi Jinping that the United States will allow Nvidia to ship its H200 products to approved customers in China and other countries, provided that the United States continues to maintain strong national security."
He added, "President Xi responded positively."
President Trump said, "25% of the sales [of H200] will be paid to the United States. This policy will support American jobs, strengthen American manufacturing, and also benefit American taxpayers."
However, Nvidia's most advanced AI chip, 'Blackwell,' and the upcoming 'Rubin' are not included in this agreement, President Trump explained.
While the H200 lags behind the latest 'Blackwell'-based GPUs (Graphics Processing Units), it shows an overwhelming performance gap compared to the lower-spec 'H20' chip, which is currently approved for export to China.
President Trump stated, "The Department of Commerce is finalizing the details, and this approach will also apply to AMD, Intel, and other great American companies."
The United States introduced export control regulations during the Joe Biden administration in 2022, prohibiting the export of advanced AI chips to China.
The Trump administration had also restricted exports, believing that if Blackwell fell into Chinese hands, the U.S. advantage in the AI field could be jeopardized.
However, Nvidia CEO Jensen Huang had been persuading President Trump to target the Chinese market through a modified version of Blackwell with reduced performance.
Yonhap News More by this author