(BFM Stock Exchange) – China has pronounced a ban for the country’s technological companies to buy chips from the American group Nvidia.

The Chinese Cyberespace Administration (CAC) has prohibited the country’s technological companies from buying fleas from the American NVIDIA, accused by Beijing from spraining to competition, the Financial Times reports on Wednesday.

The information was poorly welcomed by investors and shortly after the opening of Wall Street, the Nvidia title fell by 2% around 4:20 p.m.

On the occasion of a press conference on Wednesday in London, the boss of the American giant of microprocessors, Jensen Huang, said he was “disappointed by this [qu’il observait]”.

“We can only supply a market if the country concerned wants it,” he said.

A central player in the development of artificial intelligence (AI), NVIDIA has become a strategic issue at the heart of diplomatic and commercial relations between the United States and China.

Subject to export prohibitions for its advanced star fleas by the United States government, Nvidia had already developed several models of lower capacity escaping the restrictions imposed by the United States.

But these were also prohibited, one by one, of marketing to China. Only RTX PRO 6000D, based on the most recent technology in NVIDIA, called Blackwell, was still authorized for export.

The Chinese Market Regulatory Authority (SAMR) said on Monday that Nvidia had “violated the anti-monopoly law of the People’s Republic of China”, without more precision, which the group denied on Tuesday.

“I am patient”

In early September, the vice-president of the Chinese semiconductor industry association Wei Shaojun publicly called on the country’s businesses to reduce their dependence in Nvidia.

The graphic or GPU processors (graphics processing units) of the Californian company are considered to be an essential material for the development of the generative AI due to their extensive calculation capacities.

“I’m patient,” Jensen Huang said on Wednesday. “We will continue to support the government and Chinese companies at their convenience.”

“China is simply trying to put additional pressure on the United States to obtain more favorable conditions,” said Sam Stovall, CFRA analyst. “If there is an agreement,” he added, “the restrictions on Nvidia will be lifted.”

China and the United States are continuing their discussions on the framework of their trade and have dismissed the entry into force of new customs duties until November 10.

(With AFP)