News Formal

Nvidia reportedly launching chips for China market

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

Nvidia is reportedly launching three microchips specifically for China, after getting blocked by the U.S. government from selling high-end chips there.

The Star Market Daily said three chips from Nvidia for China will be announced as early as next week, according to a Reuters report. In October, Nvidia disclosed that seven of its microchips were restricted from being exported to China. Nvidia said the licensing requirement may impact the company’s ability to complete development of products in a timely manner and support existing customers.

The move comes after Baidu BIDU, -0.55%, which operates a large language model called Ernie, was said to have ordered chips from Huawei instead of Nvidia, whose stock has surged this year on the back of demand for its artificial intelligence processing chips. Nvidia’s stock NVDA, +1.35% has rocketed 219% this year, though it’s down 7% from its highs of late August.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber notches earnings beat but comes up short on the top lineEmily Bary is a MarketWatch news editor based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »

Datadog’s stock rockets as earnings, forecast blow past estimatesEmily Bary is a MarketWatch news editor based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »

Snowflake, MongoDB shares rally sharply after Datadog earningsEmily Bary is a MarketWatch news editor based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »