Loading...
Loading...
Browse all stories on DeepNewz
VisitHow will global tech companies adjust their chip supply chain by end of 2024?
Increase reliance on Chinese chips • 33%
Maintain current suppliers • 33%
Shift to other suppliers • 34%
Public statements and supply chain reports from major tech companies
China Tells Local Tech Firms to Cut Nvidia Chip Purchases, Boosts Domestic Production
May 13, 2024, 01:04 PM
Chinese regulators have instructed local technology firms to reduce their purchases of Nvidia chips, according to multiple reports. This directive is part of a broader push by Chinese authorities to encourage the use of domestically produced chips. Companies such as ByteDance, Tencent, Alibaba, and Baidu have been specifically asked to cut back on Nvidia purchases. This move has caused a noticeable drop in Nvidia's stock price.
View original story
Seek alternative suppliers • 25%
Negotiate directly with Chinese suppliers • 25%
Lobby US government for policy change • 25%
No significant change in strategy • 25%
Intel gains market share • 25%
Qualcomm gains market share • 25%
Other U.S. companies gain market share • 25%
Non-U.S. companies gain market share • 25%
NVIDIA • 25%
Apple • 25%
AMD • 25%
Intel • 25%
Diversify supply chain • 33%
Negotiate exemptions • 33%
No significant change • 34%
Severe disruption • 33%
Moderate disruption • 33%
No significant disruption • 34%
Increase by more than 2% • 25%
Increase by 1-2% • 25%
Remain stable • 25%
Decrease • 25%
Above 7nm • 25%
7nm to 5nm • 25%
5nm to 3nm • 25%
Below 3nm • 25%
Restructure global operations • 25%
Seek exemptions or modifications • 25%
No significant change • 25%
Increase domestic investments • 25%
Significant disruption • 33%
Moderate impact • 33%
Minimal or no impact • 34%
Negative reaction (stock price decrease) • 34%
Neutral reaction (little or no change) • 33%
Positive reaction (stock price increase) • 33%