China's Loongson Technology to Release Graphics Card, Nvidia Faces Challenges in China

Chinese chipmaker Loongson Technology is set to release a graphics card with performance comparable to a Radeon RX 550, marking a step towards technological self-sufficiency. Nvidia's business in China is facing new U.S. chip rules, potentially impacting its sales in one of its most lucrative markets. Nvidia is rushing shipments of RTX 4090s to China ahead of potential export restrictions, while the company had to cancel orders for $5 billion worth of GPUs due to U.S. export rules.