Nvidia He said it will be to send plans of the graphics processing unit to China after a report that the artificial intelligence chips manufacturer is working in a research and development center in Shanghai in the light of the recent export curbs of the United States.
“We are not sending any GPU design to China to modify to meet the export controls,” said a spokesman in a statement to CNBC.
A source familiar with the matter told CNBC that the company is renting a new space for current employees, but does not send any IP or GPU design there. The source said that this is a continuation of the company’s long presence in China.
Financial Times was the first to inform the news, citing two sources familiar with the matter. CEO Jensen Huang discussed the new potential center with the mayor of Shanghai, Gong Zheng, a visit to the last month, the FT reported.
The center will evaluate the ways to meet restrictions in the United States while attending to the local market, Allheh Production and Design will continue outside China, cordination to the report.
The AI chips manufacturers have been beaten with the main obstacles of China since 2022 when the United States began taking energetic measures in sending advanced chips to China due to the conerns of possible military use.
Last week, the Trump administration said it would replace the restrictions established under President Joe Biden with a “much simpler rule that unleashes US innovation and guarantees the domain of the American AI.” Nvidia said the last place that would take a charge of $ 5.5 billion to sell its H20 GPU in China and other countries.
Huang has previously commented on the importance of China, which is one of the company’s main markets after the United States, Singapore and Taiwan. He told CNBC this month to exclude from the second largest economy in the world would be a “tremendous loss,” estimating that China’s market could reach $ 50 billion in the next two or three years.
“We just have to stay agile,” Huang told Jon Fortt from CNBC, in an interview with the CEO of Serviceenow, Bill Mcdermott. “Whatever the Government’s policies, whatever the best for our country, we will support,” he added.
Read the FT full report here.
– Kristina Partsinevelos de CNBC contributed to this report
