China weighs Nvidia chip purchases
China’s industry ministry asked ByteDance, Alibaba and other companies to report plans to buy Nvidia chips. A report that authorities may allow purchases was followed by a selloff in Chinese technology stocks.
Timeline
Monday, 28 September
- Chinese Stocks Hit One-Year Low as Chip, Optical Firms Slide
Chinese shares touched a one-year low, led by a selloff in technology firms
Sunday, 27 September
- China weighs allowing ByteDance and Alibaba to buy Nvidia chips
China's industry ministry asked ByteDance, Alibaba and others to report Nvidia chip purchase plans
