‘Deeply Insulting’: How US Commerce Secretary Howard Lutnick’s comments on Nvidia H20 chips has angered China, creating problems for the world’s most-valuable company

Tensions are escalating between the United States and China over technology trade for quite some time. A casualty of the US-China trade war is the world’s most-valuable company — Nvidia. Recently, China reportedly asked domestic companies to scale back purchases of Nvidia’s H20 computer chip. The move comes in response to what Chinese officials have deemed “insulting” remarks by the US Commerce Secretary Howard Lutnick.

Lutnick’s comments, made during a CNBC appearance in July, downplayed the Trump administration’s decision to ease some export controls on the H20 — a less powerful version of Nvidia’s advanced chips designed to comply with U.S. restrictions.