KEY TAKEAWAYS Nvidia reportedly has told suppliers to suspend production of its H20 chip, after Beijing asked local firms to avoid using the chip tailored for the Chinese market due to security concerns.

Nvidia shares slipped 1.1% in early trading as Wall Street digested the latest blow to its China business, which pulled in $17 billion last year.

Huang made the comments during a visit to Taiwan on Friday, where he had meetings scheduled with top executives from foundry TSMC.