China's Alibaba and Tencent have reportedly told Nvidia that they will be switching to domestic firms such as Huawei for some advanced chip orders

The Chinese tech giant plans to focus on its device business over the coming year, while increasing the efficiency of its overall operations to counter geopolitical uncertainty

The surge suggests Chinese chip firms are racing to acquire lithography systems before Dutch export curbs tighten from next year

The laptop — dubbed the Qingyun L540 — is powered by the Kirin 9006C chip, which uses 5nm process technology, company brochures and the laptop's web listing shows

Big tech firms like Tencent and even smaller and upcoming Chinese AI players are accelerating chip product launches and organising more marketing visits

The state-backed fund is looking to support various elements of the semiconductor supply chain, including “design, equipment, components and raw materials,” state media says

US Commerce Secretary warns chip sector that Washington is set to “transform” its approach to export controls to stop firms like Nvidia from innovating specifically for the Chinese market

The startup makes chips that can use ambient sources of electricity such as light or vibrations as a power source — potentially removing the need for batteries in simple devices

News of the delay follows analysts concerns around Nvidia’s plan to introduce three new chips for China, as developing new chips can be highly resource-intensive

While the Chinese president’s US visit didn't do much to ease the weight of Washington's chip sanctions on the world's second-largest economy, it did manage to score several brownie points

"The shelving is a surprise and makes us wonder if there are issues behind the scenes that we aren't aware of," one analyst said, but news that Jack Ma's family trust was selling shares likely also hurt the stock

Tencent is the second large Chinese technology company to look for domestic alternatives to Nvidia amid tightening US sanctions