News Summary

• The Cyberspace Administration of China banned domestic tech companies from buying Nvidia AI chips on Wednesday.
• The agency also told tech companies including ByteDance and Alibaba to stop testing and ordering Nvidia’s RTX Pro 6000D server, a device designed specifically for the market in China.
• In June, Nvidia said that it wouldn’t include China in its future profit and forecast as it was essentially locked out of the market.
• The Trump administration hit semiconductor companies, including Nvidia, with licensing requirements to sell their AI chips in China in April.