SiliconShowdown

🚨 What Happened & Where

China’s CAC & MIIT told tech giants ByteDance, Alibaba, Tencent, Baidu: 🛑 Slow down on Nvidia H20 chip buys—especially for government or security projects (Reuters, FT, WSJ, Times of India)

No outright ban, but: firms must justify H20 use over Chinese chips + some told to pause new orders pending security review (Reuters, Investors, FT)

🗣 Who Said What

CAC insiders (Reuters): “Why choose Nvidia over Chinese chips?”—citing data security and U.S. regulator exposure
Bloomberg / The Information: CAC officials urged full purchase suspension for sensitive work
MIIT insiders (FT): “Not banned… but politically incorrect now”
Nvidia (Reuters, FT): “H20 isn’t for military/government use—no security risk”
State media: Branded H20 as inferior, insecure, & eco-unfriendly, pushing “homegrown” chips

📊 Market Impact

🔺Nvidia revenue risk: 🇨🇳 China = 13% of sales (~$17B)—under threat
🔺Winners in China: Huawei, Cambricon could grab market share
🔺Investor mood: Short-term NVDA & AMD volatility; BoA sees limited upside
🔺Long game: Fuels China’s AI chip self-reliance push—reshaping the global AI hardware race

💡 MY POV:

China didn’t ban Nvidia chips—it made buying them a political headache.
This means pressure on NVDA, boost for Chinese chipmakers, and more geopolitics baked into AI markets.

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