China reportedly discouraged purchase of NVIDIA AI chips due to 'insulting' Lutnick statements
Chinese regulators reportedly dissuaded local companies from purchasing NVIDIA's H20 chips, because they found certain statements by US commerce secretary Howard Lutnick "insulting." According to the Financial Times, the Cyberspace Administration of China (CAC), the National Development and Reform Commission (NDRC) and the Ministry of Industry and Information Technology (MIIT) teamed up to intensify their efforts to push the use of homegrown chips following Lutnick's remarks in an interview with CNBC. <br /> The US, if you'll recall, blocked NVIDIA from selling its H20 chips to China back in April out of concern that the Chinese military would use them to develop AI technology. When the US government reversed its decision in July and allowed the company to s [...]
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