China is asking its tech giants to ditch Nvidia chips and buy local instead: report

• China wants its chip hungry tech giants to buy local, per The Information. 
• Companies like Alibaba were told to pare down their spending on foreign-made chips like Nvidia's.
• The new directive would be a huge downer for Nvidia, which sees the country as a key market.

Chinese officials are asking domestic tech giants to buy locally-made AI chips instead of Nvidia's, The Information reported on Monday.