Chinese regulators tell local tech firms to buy fewer NVIDIA chips

China is asking its tech giants to ditch Nvidia chips and buy local instead: report

Nvidia CEO Jensen Huang.Sam Yeh/AFP via Getty ImagesChina wants its chip hungry tech giants to buy local, per The Information. Companies like Alibaba were told to pare down their spending on foreign-made chips like Nvidia's.The new directive would be a huge downer for Nvidia, which sees the country as a key market.Chinese officials are asking domestic tech giants to buy locally-made AI chips instead of Nvidia's, The Information reported on Monda…

Chinese regulators tell tech firms in China to buy fewer Nvidia chips

Nvidia shares debt into negative territory in premarket trading

Chinese regulators tell local tech firms to buy fewer NVIDIA chips