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Benzinga
Benzinga
Business
Lekha Gupta

Consumer Tech News (Nov 3-7): Trump Blocks Nvidia Blackwell AI Chip Exports, China Bans Foreign AI Chips In Data Centers & More

Nvidia Corporation

President Donald Trump has declared that Nvidia's (NASDAQ:NVDA) advanced Blackwell AI chip will not be available for "other people." This decision comes amid concerns about the potential sale of a scaled-down version to China.

In a bid to reduce China's dominance in the rare-earth magnet sector, two U.S. startups have secured a $1.4 billion deal with the Trump administration and private investors.

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