Nvidia CEO Jensen Working on Chips That Comply with US Regulations
NVIDIA’s CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023. REUTERS/Edgar Su
Nvidia CEO Jensen Huang on Wednesday said that the company will keep working on a new range of products that follow the U.S. government’s rules on exporting high-end chips to China.
Nvidia is a leading artificial intelligence chip maker based in California, and it has dominated China’s $7 billion AI chip market with more than a 90% share. However, analysts have said that the U.S. restrictions on chip exports could create chances for Chinese competitors to gain ground.
Huang told reporters in Singapore at a press conference that Nvidia has been collaborating closely with the U.S. government to create products that follow its regulations.
He said, “Our plan now is to continue to work with the government to come up with a new range of products that follow the new rules that have certain limits.”
The company warned in its November earnings that it expects a sharp decline in sales in China in the fourth quarter due to the new U.S. rules. Reuters reported last month that Nvidia had informed its customers in China that it was postponing the launch of a new AI chip it designed to follow the U.S. export rules until the first quarter of next year, citing sources familiar with the matter.
Huang also said on Wednesday that the company was in discussions with Singapore about potential large investments in the country.
