Nvidia Expands AI Chip Offerings for Chinese Market, Defying US Restrictions

Nvidia is reportedly planning to release three new chips for the Chinese market, following the U.S. government's recent block on the sale of two high-end AI chips and a gaming chip to Chinese firms. The new chips, called HGX H20, L20 PCIe, and L2 PCIe, are expected to be announced on November 16 at the earliest. Nvidia currently holds over 90% of China's $7 billion AI chip market, and the export restrictions are likely to create opportunities for domestic companies like Huawei to gain market share.