Nvidia's CEO, Jensen Huang, announced the company's approval from the US government to sell advanced chips for artificial intelligence to China. The company plans to begin shipping H20s shortly, as Chinese buyers express strong interest in these semiconductors. Huang emphasizes the importance of competition and innovation in the dynamic Chinese market, noting that a significant portion of the world's AI researchers are based in China. Despite the success and high market value of Nvidia, the company continues to navigate challenges posed by US-China trade tensions.
Nvidia has won approval to sell advanced chips for AI development to China, with licenses to start shipping H20s granted by the US government.
Chinese buyers are eager to purchase semiconductors from Nvidia, as the company aims to compete in a dynamic and innovative market.
Half of the world's AI researchers are located in China, making it crucial for American companies to serve this market.
Nvidia's market value surpassed $4 trillion last week due to the rapid adoption of AI, despite ongoing US-China trade tensions.
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