"Jensen Huang added he would be "patient" in response to the move from China's internet regulator. "There are a lot of places we can't go to, and that's fine," he told reporters on Wednesday. Mr Huang is one of a number of tech bosses, including Microsoft's Satya Nadella, accompanying US President Donald trump on his state visit to the UK."
"Nvidia has to pay 15% of its Chinese revenues to the US government in an unprecedented deal struck in the summer. On Wednesday morning, the Financial Times reported that China's Cyberspace Administration had told tech companies to stop using Nvidia chips which had specifically been manufactured for the Chinese market. Shares of the US company were down more than 1% in premarket trading."
China's Cyberspace Administration told domestic tech companies to stop using Nvidia chips manufactured specifically for the Chinese market. Nvidia's CEO Jensen Huang said he was "disappointed" but would be "patient" and would "support the US" while geopolitical issues are resolved. Nvidia previously faced a ban on its most advanced chips to China that was reversed in July and agreed to pay 15% of its Chinese revenues to the US government. Shares fell more than 1% in premarket trading. China is developing domestic AI chips while major firms such as DeepSeek, Tencent and Alibaba had placed orders before the stop instruction.
Read at www.bbc.com
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