Nvidia reportedly halts production on its H20 AI chips

Group 1 - Beijing's actions may hinder Nvidia's efforts to re-enter the Chinese AI market [1] - Nvidia has instructed suppliers to halt production of the H20 AI chip following warnings from Beijing against using these chips due to security concerns [2] - The Chinese government is promoting the use of domestic chips among companies [2] Group 2 - Nvidia received initial approval to sell AI chips in China just a month prior to the production halt [2] - An Nvidia spokesperson emphasized the company's commitment to cybersecurity and denied the existence of any backdoors in their chips [3] - The spokesperson reassured the market that the H20 chip can be used with confidence [3]