Nvidia (NVDA) remains in the hot seat today, as Beijing continues to take aim at the U.S. semiconductor industry. A Financial Times report claims the Cyberspace Administration of China (CAC) has banned major tech companies from buying Nvidia’s artificial intelligence (AI) chips, and instructed the likes of ByteDance and Alibaba (BABA) to discontinue testing of the RTX Pro 6000D chip that’s tailor-made for mainland buyers.
In response to the news, Nvidia CEO Jensen Huang told reporters on Wednesday that he’s “disappointed,” but will be “patient” as regulatory roadblocks are smoothed out.