China tells tech firms to stop buying Nvidia's AI chips, FT reports

Nvidia chief executive Jensen Huang said on Wednesday the US and Beijing "have larger agendas to work out" after media reports of China's internet regulator ordering top tech firms to halt purchases of the American company's AI chips and cancel existing orders. Successive US administrations have restricted China's access to advanced chips, prompting Beijing to press domestic firms to turn away from American suppliers, hitting industry leaders like Nvidia. The report comes just days after Beijing accused the company of violating its anti-monopoly law, marking another flare-up in the trade war with Washington, while US officials voiced national security concerns at trade talks with China in Madrid this week. The Cyberspace Administration of China has directed companies including ByteDance and...