• bitcoinBitcoin(BTC)$77,076.00-1.05%
  • ethereumEthereum(ETH)$2,238.710.51%
  • tetherTether(USDT)$1.000.09%
  • binancecoinBNB(BNB)$704.33-1.62%
  • rippleXRP(XRP)$1.250.61%
  • usd-coinUSDC(USDC)$1.000.08%
  • solanaSolana(SOL)$96.24-0.48%
  • tronTRON(TRX)$0.326197-6.27%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.03-0.27%
  • zcashZcash(ZEC)$1,264.21-0.28%
  • HyperliquidHyperliquid(HYPE)$89.37-2.96%
  • dogecoinDogecoin(DOGE)$0.075635-0.09%
  • moneroMonero(XMR)$590.00-2.42%
  • USDSUSDS(USDS)$1.000.29%
  • chainlinkChainlink(LINK)$11.475.07%
  • whitebitWhiteBIT Coin(WBT)$74.06-0.58%
  • leo-tokenLEO Token(LEO)$9.470.33%
  • cardanoCardano(ADA)$0.1940261.39%
  • stellarStellar(XLM)$0.1690202.99%
  • bitcoin-cashBitcoin Cash(BCH)$290.072.68%
  • nearNEAR Protocol(NEAR)$4.293.85%
  • daiDai(DAI)$1.000.04%
  • Ethena USDeEthena USDe(USDE)$1.000.15%
  • RainRain(RAIN)$0.006272-4.44%
  • uniswapUniswap(UNI)$6.974.23%
  • litecoinLitecoin(LTC)$55.32-0.99%
  • CantonCanton(CC)$0.0972523.55%
  • USD1USD1(USD1)$1.000.05%
  • avalanche-2Avalanche(AVAX)$8.592.09%
  • suiSui(SUI)$0.902.43%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.180.90%
  • hedera-hashgraphHedera(HBAR)$0.0717502.15%
  • tether-goldTether Gold(XAUT)$3,873.93-2.83%
  • Global DollarGlobal Dollar(USDG)$1.000.01%
  • paypal-usdPayPal USD(PYUSD)$1.000.22%
  • shiba-inuShiba Inu(SHIB)$0.0000053.15%
  • quant-networkQuant(QNT)$193.505.57%
  • BittensorBittensor(TAO)$236.210.40%
  • crypto-com-chainCronos(CRO)$0.0515361.40%
  • EthenaEthena(ENA)$0.1927394.96%
  • Ripple USDRipple USD(RLUSD)$1.000.06%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.150.00%
  • Circle USYCCircle USYC(USYC)$1.140.03%
  • okbOKB(OKB)$110.77-1.55%
  • MemeCoreMemeCore(M)$0.95-5.37%
  • pepePepe(PEPE)$0.0000050.53%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • aaveAave(AAVE)$129.675.47%
  • OndoOndo(ONDO)$0.4092356.05%
  • Pump.funPump.fun(PUMP)$0.0041092.48%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

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

August 21, 2025
in AI & Technology
Reading Time: 2 mins read
A A
China reportedly discouraged purchase of NVIDIA AI chips due to ‘insulting’ Lutnick statements
ShareShareShareShareShare

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.

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 start shipping its chips to China, Lutnick told CNBC: “We don’t sell them our best stuff, not our second best stuff, not even our third best. The fourth one down, we want to keep China using it… The idea is the Chinese are more than capable of building their own. You want to keep one step ahead of what they can build, so they keep buying our chips. You want to sell the Chinese enough that their developers get addicted to the American technology stack. That’s the thinking.” To note, a previous Times report stated that the government allowed NVIDIA to ship its products to China again after agreeing to hand over 15 percent of its profits.

YOU MAY ALSO LIKE

Apple Brings First Apple Intelligence Features to China in iOS 27.3 – Unite.AI

Powerlattice Raises $86M in Equity Offering, SEC Filing Shows – Unite.AI

As a response to Lutnick’s remarks, the Times says Chinese authorities sought ways to prevent local companies from buying H20 chips. CAC issued an informal notice instructing China’s biggest tech firms, such as ByteDance and Alibaba, to stop new orders for H20 chips until the government is done conducting a national security review. The companies are compelled to comply, because they could face substantial fines from the CAC if they don’t. Meanwhile, NDRC also issued an informal notice, asking local tech companies not to purchase any NVIDIA chip.

Reuters recently reported that NVIDIA is developing a new chip for the Chinese market that’s more powerful than the H20, perhaps driven in part by China’s move to discourage its purchase. It will be based on the company’s Blackwell architecture, but will only be capable of half the computing power of NVIDIA’s Blackwell Ultra GPUs. Their regulatory and export approval aren’t guaranteed, but the president previously implied that he was aware of the project and said he expects NVIDIA CEO Jensen Huang to talk to him about it.

Credit: Source link

ShareTweetSendSharePin

Related Posts

Apple Brings First Apple Intelligence Features to China in iOS 27.3 – Unite.AI
AI & Technology

Apple Brings First Apple Intelligence Features to China in iOS 27.3 – Unite.AI

October 30, 2026
Powerlattice Raises M in Equity Offering, SEC Filing Shows – Unite.AI
AI & Technology

Powerlattice Raises $86M in Equity Offering, SEC Filing Shows – Unite.AI

October 30, 2026
Databricks Expands SAP Partnership with Genie, Lakeflow, and Lakebase – Unite.AI
AI & Technology

Databricks Expands SAP Partnership with Genie, Lakeflow, and Lakebase – Unite.AI

October 30, 2026
Meta Settles Another Social Media Addiction Case Just Before Trial
AI & Technology

Meta Settles Another Social Media Addiction Case Just Before Trial

October 30, 2026
Next Post
Evolent's Soft Q2 Results: Why I'm Holding Anyway

Evolent's Soft Q2 Results: Why I'm Holding Anyway

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Power On: iPhone Duo Review with Andru Edwards

Power On: iPhone Duo Review with Andru Edwards

October 25, 2026
Top Story with Tom Llamas – Oct. | NBC News NOW

Top Story with Tom Llamas – Oct. | NBC News NOW

October 26, 2026
Police in Paris disperse student protesters with tear gas

Police in Paris disperse student protesters with tear gas

October 30, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!