Moore Threads Technology Co., Ltd.

Chinese chipmaking stocks fell sharply on Monday after The Information reported that Beijing is considering allowing some local firms to buy Nvidia's advanced chips. The report said China's Ministry of Industry and Information Technology asked domestic firms, including Alibaba and ByteDance, to report how many Nvidia RTX Pro 5500 units they planned to purchase and what they would be used for, signaling an intent to eventually approve the sales. Semiconductor Manufacturing International Corp, China's biggest chipmaker by volume, slid 3.7%, while rival Hua Hong Semiconductor shed nearly 5%; Moore Threads Technology fell 6.3%, Cambricon Technologies dropped 5.7%, equipment maker NAURA Technology lost 3.4% and memory chip major CXMT fell nearly 4%, with chipmakers lagging broader gains in Chinese and Hong Kong markets. The RTX Pro 5500 is a Blackwell-generation professional workstation GPU released by Nvidia earlier this month that, while capable of heavy AI computing tasks, still sits outside the AI accelerator category the U.S. has largely blocked from being sold to China. The report follows a U.S.-China summit in Washington where the two sides agreed to better trade relations, including a $30 billion exemption on tariffs both ways, but did not discuss AI chip sales.