Posted on 09/17/2025 10:48:27 PM PDT by fluorescence
Nvidia chief executive Jensen Huang said on Wednesday (Sep 17) the US and Beijing "have larger agendas to work out" after media reports of China's internet regulator ordering top tech firms to halt purchases of the American company's AI chips and cancel existing orders.
Successive US administrations have restricted China's access to advanced chips, prompting Beijing to press domestic firms to turn away from American suppliers, hitting industry leaders like Nvidia.
The report comes just days after Beijing accused the company of violating its anti-monopoly law, marking another flare-up in the trade war with Washington, while US officials voiced national security concerns at trade talks with China in Madrid this week.
The Cyberspace Administration of China has directed companies including ByteDance and Alibaba to terminate their testing and orders of the RTX Pro 6000D, the Financial Times reported on Wednesday, citing three people with knowledge of the matter.
(Excerpt) Read more at channelnewsasia.com ...
Make sure the SEC investigates all short sales, especially foreign ones, of Nvidia shares.
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