Nvidia Ensures Compliance with US Export Regulations for New China Chips
Nvidia CEO Jensen Huang announced that the company will continue to develop new products that comply with U.S. export regulations regarding high-end chip exports to China. Nvidia, which currently dominates over 90% of China's $7 billion AI chip market, is facing increased competition from Chinese rivals due to tightening U.S. restrictions. The company plans to work closely with the U.S. government to create a new set of products that adhere to the new regulations. Nvidia had previously warned of a significant drop in fourth-quarter sales in China due to the new rules. Additionally, the company is in discussions with Singapore regarding potential major investments.
- Nvidia to develop new chips that comply with U.S. export regulations CNBC
- Nvidia working with US to make sure new China chips adhere to export curbs Seeking Alpha
- NVIDIA Working & Fully Complying With US Policies In Development of New AI Chips For China Wccftech
- China Blasts US Over 'Cold War' Thinking Newsweek
- Raimondo says US supports growth in China if Beijing ‘plays by the rules’ The Hill
Reading Insights
0
20
0 min
vs 1 min read
48%
199 → 104 words
Want the full story? Read the original article
Read on CNBC