News Formal

Nvidia falls as Beijing discourages local companies from buying Nvidia chips

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Nvidia falls as Beijing discourages local companies from buying Nvidia chips - BBG

Investing.com -- Nvidia fell Friday as Beijing is pressuring Chinese companies to buy artificial intelligence chips that are produced in China rather Nvidia's chips as part of an effort to boost its domestic semiconductor industry and cushion the impact of U.S. restrictions, Bloomberg report Friday, citing unnamed sources.

But the new policy isn't an outright ban on Chinese companies buying Nvidia chips but rather guidance as Chinese regulators are keen to avoid curtailing the country's AI startups and escalating tensions with the US, the sources said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia Stock Falls as Earnings Show AI Isn't Growing Revenue Like It HopedScience and Technology News and Videos
Source: futurism - 🏆 85. / 68 Read more »