© Reuters. FILE PHOTO: A smartphone with a displayed NVIDIA brand is positioned on a pc motherboard on this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
By Fanny Potkin
SINGAPORE (Reuters) -Nvidia is working intently with the U.S. authorities to make sure new chips for the Chinese market are compliant with export curbs, CEO Jensen Huang stated on Wednesday.
The California-based synthetic intelligence chip designer has commanded greater than 90% share of China’s $7 billion AI chip market, however analysts have stated new U.S. curbs on chip exports are more likely to create alternatives for Chinese rivals to make inroads.
Reuters final month reported Nvidia (NASDAQ:) had advised prospects in China it was delaying the launch of a brand new China-focused AI chip till the primary quarter of subsequent yr.
Huang declined to substantiate the Reuters article.
“Nvidia has been working very closely with the U.S. government to create products that comply with its regulations,” Huang advised a information convention in Singapore.
“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 added Nvidia wants to hunt the recommendation of the market and the method is ongoing, including that Huawei was a “formidable” competitor.
Nvidia warned throughout its November earnings that it expects a steep drop in fourth-quarter gross sales in China within the wake of the brand new U.S. guidelines.
Huang famous that China’s income contribution to Nvidia has been historically round 20% nevertheless it was onerous to foretell how a lot that might change with the brand new U.S. export restrictions.
Separately, he stated Nvidia was in talks with Singapore about potential huge investments and dealing with the city-state to assist develop its personal giant language mannequin, Sealion.
Singapore’s Infocomm Media Development Authority (IMDA) introduced on Monday a S$70 million ($52 million) initiative to develop Southeast Asia’s first giant language mannequin.
Huang famous Singapore had a vibrant AI ecosystem and its function as a serious knowledge centre for a lot of Asian markets.