Chipmaker set to surpass China sales by local rival Huawei by selling product designed to fall outside of export restrictions
Nvidia is on course to sell $12bn worth of artificial intelligence chips in China this year despite US export controls that have throttled its business in one of the world’s biggest semiconductor markets. The $3tn Silicon Valley group will over the coming months deliver more than 1mn of its new H20 chips, which are designed to fall outside of US restrictions on selling AI processors to Chinese customers, according to analyst forecasts.
” Colette Kress, Nvidia’s finance chief, said on the same call that revenue from its data centre segment — which includes AI chips — in China in the latest quarter was “down significantly from the level prior to the imposition of the new export control restrictions in October”. As recently as 2021, before the US began imposing export controls, China accounted for more than a quarter of Nvidia’s total revenues.
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