April 15 (Reuters) - Nvidia (NVDA.O) on Tuesday said it would take $5.5 billion in charges after the U.S. government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips.
Nvidia’s AI chips have been a key focus of U.S. export controls as U.S. officials have moved to keep the most advanced chips from being sold to China as the U.S. tries to keep ahead in the AI race. After those controls were implemented, Nvidia began designing chips that would come as close as possible to U.S. limits.
Lol. They still need to sell their products to someone.
But go to China and you’ll see that they have the lead on cars and numerical technologies. They bring to market and adopt faster than anyone else.
They have 17% of the world’s population within their own borders. They have plenty of customers.
There are still huge disparities and not every Chinese citizen is a potential customer.
They still need foreign markets…
Europe has roughly half the population, but pretty much a similar consumer market for instance.