Nvidia is developing new chips for China to comply with US export curbs

The CEO of a prominent artificial intelligence chip company based in California has stated that the company is collaborating with the US government to ensure its new chips for the Chinese market adhere to recent export restrictions. With over 90% share of China’s $7 billion AI chip market, the company faces a significant challenge as the US curbs could pave the way for Chinese competitors.

Previously, it was reported that the company had postponed the launch of a new AI chip targeting the Chinese market until the next year, although the CEO did not confirm this information. He emphasized the company’s efforts to work with the US government to develop products that meet the new regulatory requirements.

The CEO highlighted the need for the company to consult the market, remarking that the process is still ongoing. He acknowledged that despite the close cooperation with authorities, predicting the impact of the new regulations on the company’s traditional 20% revenue from China is difficult.

The company has warned of an expected sharp decline in sales in China for the fourth quarter due to the US rules. In a separate matter, the CEO mentioned that the company is discussing potential substantial investments with Singapore and is assisting in the development of the country’s large language model. Singapore recently launched an initiative to develop Southeast Asia’s first large language model.

Praising Singapore’s dynamic AI ecosystem and its role as a key data center hub in Asia, the CEO discussed the ongoing collaboration and the future potential of the partnership.