China reportedly discouraged purchase of NVIDIA AI chips due to 'insulting' Lutnick statements

Chinese regulators have reportedly discouraged local companies from purchasing NVIDIA’s H20 chips following U.S. Commerce Secretary Howard Lutnick’s remarks, which they deemed “insulting.” In response, authorities like the CAC and NDRC have instructed major tech firms to halt orders for H20 chips pending a national security review, while NVIDIA is developing a new chip for China, albeit with limited capabilities.

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