China Orders Tech Giants to Halt Purchases of Nvidia Chips

China’s internet regulator has instructed major technology companies, including ByteDance, Alibaba Group, and Tencent Holdings, to suspend their purchases of Nvidia chips, according to The Information. The move comes amid ongoing U.S.-China tensions over advanced semiconductor technology.

• Order reportedly affects purchases of Nvidia’s high-performance AI chips used in data centers and machine learning.
• Companies impacted include ByteDance, Alibaba Group, and Tencent Holdings.
• Directive follows U.S. export restrictions aimed at limiting China’s access to advanced semiconductor technology.
• Potentially impacts Nvidia’s sales in one of its largest international markets.

Relevant Companies

• NVDA – Potential sales impact due to restrictions on chip purchases by major Chinese tech firms.
• BABA – May face delays in AI infrastructure expansion due to halted chip purchases.
• TCEHY – Could see slowed development of AI-driven products and services.

Editor’s Note: This is a developing story. This article may be updated as more details become available.