Despite export restrictions, Nvidia reported record-breaking revenue of $18 billion in Q3 2023, largely driven by generative AI. The company's new chip for China, the RTX 4090 D, is 5% slower in gaming and creating compared to its banned predecessor. It is priced at 12,999 yuan ($1,842), making it slightly more expensive than the second most advanced chip in the product series available to Chinese consumers.
Key takeaways:
- Nvidia has introduced a modified version of its advanced gaming chip, the GeForce RTX 4090 D, tailored to comply with US export controls focused on China. The chip is set to hit the Chinese market in January.
- The release of the GeForce RTX 4090 D is Nvidia's first venture into China-centric chips following the Biden Administration's October announcement of export regulations.
- China is a significant market for Nvidia, contributing over 90% to the country's $7 billion AI chip market. Despite export bans, Nvidia reported record-breaking revenue of $18 billion in the third quarter of 2023.
- The China-focused RTX 4090 D is reportedly "5% slower in gaming and creating" compared to its banned predecessor, and is priced at 12,999 yuan ($1,842), making it slightly more expensive than the second most advanced chip in the product series available to Chinese consumers.