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.
• The Trump administration hit semiconductor companies, including Nvidia, with licensing requirements to sell their AI chips in China in April.
• In August, the White House announced it would grant the licenses needed to sell in China, but with a catch: the U.S. government would get 15% of the revenue from the chips sold.