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  • 1 year ago
Nvidia is modifying the design of its AI chips to continue selling them to major Chinese firms without violating U.S. export restrictions, according to Reuters. The chip giant has reportedly discussed its redesigned AI chips with major Chinese clients, including Alibaba, ByteDance, and Tencent. CEO Jensen Huang reportedly informed clients of the revised chip strategy during his mid-April visit to Beijing, shortly after the U.S. government barred exports of Nvidia’s H20 chips to China. Those curbs are expected to cost the company $5.5 billion. Nvidia told customers a new chip sample could arrive by June and that it is still developing a China-specific version of its next-generation Blackwell chip.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02NVIDIA is modifying the design of its AI chips to continue selling them to major Chinese firms
00:06without violating U.S. export restrictions, according to Reuters.
00:10Chip China has reportedly discussed its redesigned AI chips with major Chinese clients,
00:14including Alibaba, ByteDance, and Tencent.
00:17CEO Jensen Huang reportedly informed clients of the revised chip strategy
00:21during his mid-April visit to Beijing,
00:24shortly after the U.S. government barred exports of NVIDIA's H2O chips to China.
00:28But those curbs are expected to cost the company $5.5 billion.
00:32NVIDIA told customers a new chip sample could arrive by June,
00:35and that it's still developing a China-specific version of its next-generation Blackwell chip.
00:39For all things money, visit Benzinga.com slash GSTV.
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