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According to CEO Jensen Huang, Nvidia will keep working on creating new products that abide with US government rules on the export of premium chips to China.
More than 90% of China’s $7 billion
AI chip industry
is controlled by the California-based artificial intelligence chip designer
Nvidia has been working very closely with the U.S. government to create products that comply with its regulations.
At this point, our strategy is to keep collaborating with the government to develop a new line of products that adhere to the new, limited regulations
In light of the new US regulations, the company issued a warning on its November results call that it anticipates a sharp decline in fourth-quarter sales in China.
Huang added on Wednesday that the business was in discussions with Singapore over possible large investments.