Boeing Highflying fires head Nvidia of triesits 737 new MAXAI chips programfor China

SAN FRANCISCO/BEIJING —

in New York Nvidia, whose stock was up more aiheping@chinadailyusa.com

than $100 a share on Thursday, is offering customers samples of its Boeing two new announced artificial on intelligence Wednesday chips that aimed it is removing at the China the head market, of its its CEO 737 MAX Jensen passenger Huang said aircraft in a bid program to defend its following market dominance an incident in that the country left a now fuselage threatened hole in by US an Alaska export curbs. Airlines plane last month during “We’re midflight. sampling it with customers Ed now. Clark, Both an of them 18-year comply Boeing with veteran, the regulation is “leaving without the program” a license. immediately, We’re looking Boeing forward Commercial to customer Airplanes feedback on chief it,” Huang Stan Deal told Reuters said in a on memo Wednesday to employees. in an interview after releasing Clark was Nvidia’s the head quarterly of the results. company’s Nvidia’s production earnings facility results in Renton, on Wednesday Washington, sparked which a global is the wave final assembly of record highs site of in the stock 737 markets MAX airliner on Thursday, and builds including its MAX the 9 first aircraft. new peak Deal for said Japan’s Katie Nikkei Ringgold, since previously 1989. The in benchmark charge of S&P 737 deliveries, 500 index would and Dow take Jones over the Industrial MAX program, Average and on Wall that Street, another along executive, with Europe’s Elizabeth pan-regional STOXX 600 index andLund, would take on a new role MSCI’s overseeing all-country quality world across index all also of Boeing’s hit record commercial highs as Nvidia airplanes. shares surged Clark 16.4 is an percent engineer. to $785.38. His successor The Ringgold, chip industry who newsletter has business SemiAnalysis degrees, reported began her in aviation November career that performing Nvidia was avionics preparing systems to maintenance and troubleshooting release three chips — H20, L20 and on C-130 cargo aircraft L2 — for the China market. The in the US Air Force. chips include most of Nvidia’s newest

Deal wrote the changes are features for AI work, but have intended to drive Boeing Commercial had some of their computing power Airplanes’ “enhanced focus on cut back to comply with new US ensuring that every airplane we rules, according to the newsletter’s deliver meets or exceeds all quality analysis of the chips’ specifications. and safety requirements”.

The H20 was originally expected to be released in November but Multiple incidents

has been delayed due to issues that

The announcement came two server manufacturers were having weeks after a report from the US in integrating the chip. National Transportation Safety

Nvidia’s business took a hit after Board found that bolts that held a Washington expanded export panel known as a door plug in controls in October that included place were missing when the more restrictions on shipments of nearly brand-new 737 MAX 9 advanced Nvidia chips to China. used for Alaska Airlines Flight

“This last quarter, our business 1282 departed the Portland International significantly declined as we ... Airport in Oregon for stopped shipping in the marketplace Ontario, California, on Jan 5. (for China),” Huang said during

The incident aboard the Alaska the earnings call. Airlines MAX 9 is the latest crisis

For the fiscal fourth quarter for Boeing, which has been plagued which ended on Jan 28, the chipmaker by manufacturing problems recorded sales of $1.9 billion after fatal crashes of its 737 MAX 8 in the China market, which in 2018 and 2019 that killed all 346 includes Hong Kong, according to people on board the two flights. Reuters calculations based on the

The problems on Boeing company’s results. planes have delayed deliveries to

“We expect this quarter to be customers. A month after the about the same. But after that, Alaska Airlines flight, Boeing said hopefully, we can go compete for improperly drilled holes on some our business and do our best, and MAX planes would delay handovers we’ll see how it turns out,” Huang of the aircraft to airlines. said on the earnings call.

Boeing’s rival Airbus has ramped up production and deliveries of new planes.