Nvidia says it has ‘largely conceded’ China’s AI chip market to Huawei
Nvidia has acknowledged that it has largely conceded the AI chip market in China to Huawei. Despite this, Nvidia's CEO expressed a willingness to return to the market if conditions improve. The company is focusing on expanding its supply chain and investing in various aspects of the AI industry.
- ▪Nvidia has largely conceded the AI chip market in China to Huawei.
- ▪The CEO expressed a desire to return to the market if conditions improve.
- ▪Nvidia is expanding its supply chain to support growth in the AI sector.
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"I don't have any expectation, which is the reason why we put all of our guidance, all of our numbers, all the expectations that I've set with all of our analysts and investors to invest nothing, to expect nothing," Hang said.Still, he suggested Nvidia remained eager to return should conditions improve."We would be more than delighted to serve the market," Huang said. "We have a lot of customers there, we have a lot of partners there, and we've been there for 30 years."Huang was a last-minute addition to President Donald Trump's China summit last week, though the visit did little to clarify whether Nvidia's H200 chips will be permitted in the country. Reuters reported last week that some Chinese companies had received approval from the U.S.
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