Tencent & United States

Tencent: Tencent is among the Chinese companies approved to buy Nvidia's H200 chips, but its purchases have stalled due to guidance from Beijing and broader geopolitical tensions.

United States: The United States has approved the sale of Nvidia's H200 chips to Chinese firms but has also imposed export controls and security requirements, complicating the trade. The U.S. also seeks to receive 25% of the revenue from these sales.

Tencent: Tencent is a Chinese technology company racing to commercialize AI, having integrated OpenClaw into its WeChat super-app.

United States: The United States has imposed export controls on advanced computer chips, which has slowed China's chipmaking capabilities but also spurred China's domestic AI supply chain coordination. U.S. AI models still dominate in raw computing firepower, and U.S. policymakers and firms have accused Chinese AI startups of technology theft.

Tencent: Tencent was among the Chinese companies cleared to buy H200s, but no deliveries have been made due to China's sovereign decision.

United States: The United States is implementing export controls on advanced semiconductor chips to China, aiming to balance national security with economic benefits from overseas markets.

Tencent: Tencent is mentioned as one of the four Asian firms valued at more than $500 billion, alongside TSMC, Samsung Electronics, and SK Hynix.

United States: The rally in United States chip stocks, particularly the Philadelphia Semiconductor Index, influenced the KOSPI's performance. President Donald Trump's actions regarding the Strait of Hormuz also impacted oil prices and broader market sentiment.