China Urges Local Companies to Stay Away From Nvidia's Chips [Yahoo! Finance Canada]
Meta Platforms, Inc. - Class A (META)
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Source: Yahoo! Finance Canada
Corp. products, part of the nation's effort to expand its semiconductor industry and counter US sanctions. Most Read from Bloomberg Chinese regulators have been discouraging companies from purchasing Nvidia's H20 chips, which are used to develop and run AI models, according to people familiar with the matter. The policy has taken the form of guidance rather than an outright ban, as Beijing wants to avoid handicapping its own AI startups and escalating tensions with the US, said the people, who asked not to be identified because the matter is private. The move is designed to help domestic Chinese AI chipmakers gain more market share while preparing local tech companies for any potential additional US restrictions, the people said. The country's leading makers of AI processors include Cambricon Technologies Corp. and Huawei Technologies Co. Earlier this year, Beijing also told local electric-vehicle makers to procure more of their supplies from local chipmakers, part of its campai
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