(CTN News) – On Wednesday, Nvidia’s CEO Jensen Huang announced that the company will persist in developing a fresh range of products that adhere to the U.S. government’s regulations concerning the export of high-end chips to China.
As the leading artificial intelligence chip designer based in California,
Nvidia currently dominates over 90% of China’s $7 billion AI chip market.
However, experts have predicted that the tightening restrictions on chip exports imposed by the U.S. will create opportunities for Chinese competitors to gain ground.
Huang stated during a press conference in Singapore that Nvidia has been working closely with the U.S. government to ensure their products comply with the regulations.
He further emphasized their commitment to collaborating with the government to devise a new line of products that meet the requirements of the updated regulations, which include certain limitations.
In November, Nvidia, a leading technology company, issued a warning about an expected substantial drop in sales during the fourth quarter in China.
This decline was attributed to the introduction of new regulations by the United States. Sources familiar with the matter revealed that Nvidia informed its customers in China last month about the delay in launching a new artificial intelligence (AI) chip. The reason behind this postponement was to ensure compliance with U.S. export rules.
The release of the AI chip has now been rescheduled for the first quarter of next year, as reported by Reuters.
Furthermore, Nvidia’s CEO, Jensen Huang, mentioned on Wednesday that the company is currently involved in discussions with Singapore.
These discussions revolve around the possibility of making significant investments in the country. The details of these potential investments are yet to be disclosed, but they indicate Nvidia’s interest in expanding its presence and operations in Singapore.
Overall, Nvidia’s cautionary statement about declining sales in China, the delay in launching the new AI chip, and the ongoing discussions with Singapore highlight the company’s efforts to navigate the challenges posed by changing regulations and exploring new investment opportunities in different markets.