Posted 1/7/2024, 12:07:00 PM
Nvidia Unveils Downgraded AI Chips for China, But Key Firms Show Little Interest
- Nvidia unveiled a slower, less powerful AI chip that complies with US export controls for sale in China
- Chinese firms like Alibaba, Tencent, Baidu, and ByteDance have suggested they're not interested in buying the downgraded chips
- Chinese companies may buy more locally-made chips instead due to smaller performance gap
- China has been crucial market for Nvidia, making up 20% of revenue
- Nvidia previously had over 90% share of China's $7 billion AI chip market