The Financial Times reports that China’s internet regulator has told the country’s biggest tech companies to stop buying all of Nvidia’s AI chips and terminate their existing orders. This is seen as an effort to boost Chinese semiconductor industry and compete with the US.
The article notes that “this ban is stronger than earlier guidance from regulators that focused on the H20 chips. Beijing is putting pressure on Chinese tech companies to break their reliance on Nvidia”.
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This article was written by Giuseppe Dellamotta at investinglive.com.