Nvidia Just Suffered a Huge Blow in China
For years, the Chinese tech industry has been dependent on the US and its allies for the advanced semiconductors — colloquially known as "chips" — that undergird the AI industry. As the "AI race" has heated up to a fever pitch, chips have become its chief commodity — and bottleneck, as companies compete to build out the infrastructure they believe will run a multi-trillion dollar market. At the moment, the undisputed leader in AI chips is Nvidia, which has rocketed it from modestly-sized gamin