Nvidia to Release Three New AI Chips for China, Report Says
Nov 09, 2023 - news.bensbites.co
Nvidia Corp. is set to release three new artificial intelligence chips for China, as reported by state-affiliated news outlet Chinastarmarket. This comes after the US imposed further restrictions on China's access to advanced semiconductors. The new AI chips were developed based on the design of Nvidia's flagship H100 product.
Chinese firms are expected to receive these chips in the coming days, according to unnamed supply chain sources cited by Chinastarmarket. Following the report, shares of Chinese server supplier IEIT Systems Co. rose by the daily limit of 10%.
Key takeaways:
Nvidia Corp. is set to release three new artificial intelligence chips for China.
The move comes after the US further restricted China's access to advanced semiconductors.
The new AI chips were developed based on the design of Nvidia's flagship H100 product.
Chinese firms are expected to receive the chips over the next few days, leading to a surge in shares of Chinese server supplier IEIT Systems Co.
