"Nvidia just got shut out of the Chinese market - this time by the Chinese government instead of the US. China's internet regulator, the Cyberspace Administration of China, has banned domestic tech companies from buying Nvidia AI chips on Wednesday, as first reported by the Financial Times. The agency also told tech companies including ByteDance and Alibaba to stop testing and ordering Nvidia's RTX Pro 6000D server, a device designed specifically for the market in China."
"When asked for comment, Nvidia provided the following statement from Huang at a press conference on Wednesday. "We can only be in service of a market if a country wants us to be," Huang said. "I'm disappointed with what I see but they have larger agendas to work out between China and the United States. And I'm patient about it. We'll continue to be supportive of the Chinese government and Chinese companies as they wish.""
China's internet regulator, the Cyberspace Administration of China, banned domestic tech companies from buying Nvidia AI chips and ordered firms to stop testing and ordering the RTX Pro 6000D. The ban targeted companies including ByteDance and Alibaba and follows earlier government encouragement to choose local chipmakers. Nvidia is the global leader in AI chips, and the restriction is expected to harm China's tech ecosystem despite domestic chip development by companies such as Huawei and Alibaba. Nvidia CEO Jensen Huang expressed disappointment and said the company will remain supportive of Chinese entities as they wish. Previous U.S. export licensing rules and licensing changes have already affected Nvidia's China revenue and forecasts.
Read at TechCrunch
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