China Urges Firms to Avoid NVIDIA H20 Chips
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NVIDIA Corporation (NASDAQ:NVDA) is one of the top tech stocks with a strong return on equity. On August 10, it was reported that the company had agreed to pay 15% of its Chinese revenues to the US government as part of an agreement to secure export licenses.
Nvidia (NVDA) has pushed back against claims from Chinese state media that its H20 artificial intelligence chips pose a national security threat.
China trade negotiations for months. But Beijing has repeatedly pushed Chinese chip buyers to support domestic suppliers whenever possible. Raffaele Huang _
China has reportedly urged local companies to not buy American semiconductors, especially those made by Nvidia and AMD. The curbs come weeks after Donald Trump lifted the export ban on Nvidia's H20 chips to China.
China has reportedly raised security concerns about Nvidia Corp.’s (NASDAQ:NVDA) H20 chips, especially regarding potential backdoor risks, while the U.S. government, spearheaded by Donald Trump, pushes for a 15% revenue share from sales to China as
Beijing has reportedly sent notices to a range of firms, including state enterprises and private companies, discouraging purchases of the H20, Nvidia’s less-advanced AI accelerator approved for sale i