'Deeply Insulting': US Commerce Secretary Howard Lutnick's comments on Nvidia H20 chips

Tensions between the U.S. and China have escalated over technology trade, impacting Nvidia's business. China is reportedly scaling back purchases of Nvidia's H20 chip after perceived insulting remarks by a U.S. Commerce Secretary. This move underscores China's push for technological self-sufficiency and highlights the delicate balance between commercial interests and national security in the global AI race.