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  • 3 months ago
Nvidia was blocked from selling AI chips in China on Wednesday, according to TechCrunch. Beijing’s Cyberspace Administration ordered tech firms such as ByteDance and Alibaba to stop testing and ordering the RTX Pro 6000D. The ban replaces earlier discouragement with an outright prohibition, as China pushes domestic chip alternatives from Huawei and others. China’s ban on Nvidia chips is a major setback for its tech sector, as Nvidia remains the global leader with the most advanced AI chips despite local alternatives. Nvidia CEO Jensen Huang said the company is disappointed by China’s ban but will remain patient and supportive of Chinese authorities and firms. The move follows months of shifting U.S. policy under the Trump administration, which initially imposed licensing restrictions on Nvidia sales in China, but later reversed course. Nvidia had already excluded China from its forward guidance, warning of an $8 billion revenue hit.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02NVIDIA was blocked from selling AI chips in China on Wednesday, according to TechCrunch.
00:06Beijing's cyberspace administration ordered tech firms such as ByteDance and Alibaba
00:10to stop testing and ordering the RTX Pro 6000D.
00:14The ban replaces earlier discouragement with an outright prohibition
00:16as China pushes domestic chip alternatives from Huawei and others.
00:20China's ban on NVIDIA chips is a major setback for its tech sector,
00:24as NVIDIA remains the global leader with the most advanced AI chips, despite local alternatives.
00:28NVIDIA CEO Jensen Wang said the company is disappointed by China's ban
00:32or remain patient and supportive of Chinese authorities and firms.
00:35Wu files months of shifting U.S. policy under the Trump administration,
00:39which initially imposed licensing restrictions on NVIDIA sales in China,
00:42played a reverse course.
00:43NVIDIA has already excluded China from its forward guidance,
00:46warning of an $8 billion revenue hit.
00:48For all things money, visit Benzinga.com.
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