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NVIDIA to Develop New Chips Compliant with US Export Regulations

Updated: Jan 5

[Edited] In a recent statement, Nvidia CEO Jensen Huang revealed that the company is working closely with the US government to ensure that its new chips for the Chinese market comply with export curbs.

NVIDIA
Credit: REUTERS

Nvidia, a California-based artificial intelligence chip designer, currently holds over 90% of China's $7 billion AI chip market. However, the introduction of new US restrictions on chip exports is expected to create opportunities for Chinese competitors to gain market share.


Earlier reports from Reuters indicated that Nvidia had informed its customers in China about the delay in launching a new China-focused AI chip until the first quarter of next year. When asked about the Reuters article, Huang declined to confirm its contents but emphasized Nvidia's collaboration with the US government.

Huang stated, "Nvidia has been working very closely with the US government to create products that comply with its regulations. Our plan now is to continue to work with the government to come up with a new set of products that comply with the new regulations that have certain limits."


He further mentioned that Nvidia needs to seek advice from the market, and the process is ongoing. Huang also acknowledged Huawei as a formidable competitor in the industry.


During its November earnings report, Nvidia warned of a significant decline in fourth-quarter sales in China due to the new US rules. Huang noted that China's contribution to Nvidia's revenue has traditionally been around 20%, but it is challenging to predict how much that will change with the implementation of the new US export restrictions.


In addition to its efforts in China, Nvidia is also engaged in discussions with Singapore regarding potential significant investments. The company is exploring opportunities to collaborate with the city-state in developing its own large language model called Sealion. Singapore's Infocomm Media Development Authority recently announced a S$70 million ($52 million) initiative to develop Southeast Asia's first large language model.


Huang highlighted Singapore's vibrant AI ecosystem and its role as a major data center for many Asian markets. The collaboration between Nvidia and Singapore aims to leverage the city-state's technological capabilities and drive innovation in the field of AI.

 
  • Nvidia is working closely with the US government to ensure compliance of its new chips for the Chinese market.

  • The company aims to create products that adhere to the new regulations and limits imposed on chip exports.

  • Nvidia expects a significant drop in fourth-quarter sales in China due to the implementation of the US rules.


Source: REUTERS



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