Previously, mentions of NVIDIA computing accelerators specifically adapted to the new anti-Chinese sanctions came either from unofficial sources or from the company’s CFO, but this week the fact of the preparation of such solutions was confirmed by the company’s founder Jensen Huang.
Accordingly Reuters, the CEO of NVIDIA confirmed that the company will continue to develop a range of products that meet the current requirements of US authorities regarding the export of high-performance chips to China. Outside experts estimate the size of China’s artificial intelligence accelerator chip market at $7 billion, and NVIDIA has so far captured more than 90% of that revenue, but in October, U.S. sanctions restrictions were revised toward tightening, hurting the business of NVIDIA in China impaired risk in the previous scale. In general, China generates more than 20% of NVIDIA’s revenue, so the company is interested in maintaining the ability to ship its accelerators to this country.
Recall that at the end of last week, US Secretary of Commerce Gina Raimondo called as counterproductive the attempts of individual companies to adapt to export restrictions in order to continue doing business in China, and in this context directly mentioned NVIDIA’s alleged activities to create special offers Versions of accelerators that meet the requirements of new US export control regulations with minimal inventory.
The head of NVIDIA said the following at a press conference in Singapore: “Our plan is to continue to work with the government to develop a new range of products that comply with the rules, which have some restrictions.”. As the company’s chief financial officer, Colette Kress, explained last week, the creation of such accelerators, adapted to the new requirements of US authorities, will take time. According to unofficial information, such products will appear no earlier than next quarter. The head of NVIDIA also added at a conference in Singapore that the company is considering the possibility of large investments in the local economy. At the end of the third quarter, Singapore contributed 15% of NVIDIA’s revenue, so this small country plays an important role in the company’s business.