Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
US sanctions money laundering network aiding Iran as...
Musk feud presents ‘unprecedented’ dynamic compared to past...
TSA tells Americans their Costco cards won’t fly...
Trump announces China will restart rare earth mineral...
FLASHBACK: Musk accused Trump, GOP leaders of not...
‘Right down the line’: Medicaid reform in ‘big,...
TIMELINE: Inside the evolving relationship between Trump and...
Deadly drone wars are already here and the...
Call with China’s Xi, and Trump-Musk exchange fueled...
Trump’s conservative allies warn Congress faces critical ‘test’...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

Nvidia says it is not sending GPU designs to China after reports of new Shanghai operation

by admin May 17, 2025
May 17, 2025
Nvidia says it is not sending GPU designs to China after reports of new Shanghai operation

Nvidia said it won’t be sending graphics processing unit plans to China following a report that the artificial intelligence chipmaker is working on a research and development center in Shanghai in light of recent U.S. export curbs.

“We are not sending any GPU designs to China to be modified to comply with export controls,” a spokesperson said in a statement to CNBC.

The Financial Times was the first to report the news, citing two sources familiar with the matter. CEO Jensen Huang discussed the potential new center with Shanghai’s mayor, Gong Zheng, during a visit last month, the FT reported.

The center will assess ways to meet U.S. restrictions while catering to the local market, although production and design will continue outside China, according to the report.

AI chipmakers such as Nvidia have been hit with major China roadblocks since 2022 as the U.S. began cracking down on sending advanced chips to China because of concerns of possible military use.

Last week, the Trump administration said it would replace restrictions put in place under President Joe Biden with a “much simpler rule that unleashes American innovation and ensures American AI dominance.” Nvidia said last month that it would take a $5.5 billion charge tied to selling its H20 GPUs in China and other countries.

Huang has previously commented on the significance of China, which is one of the company’s major market after the U.S., Singapore and Taiwan. He told CNBC this month that getting shut out of the world second-largest economy would be a “tremendous loss,” estimating that China’s AI market could hit $50 billion over the next two to three years.

“We just have to stay agile,” Huang told CNBC’s Jon Fortt, in an interview alongside ServiceNow CEO Bill McDermott. “Whatever the policies are of the government, whatever is in the best interest of our country, we’ll support,” he added.

This post appeared first on NBC NEWS

previous post
Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal
next post
Crypto Market Recap: Coinbase Hit by US$400 Million Hack, GENIUS Act Under Scrutiny

You may also like

OpenAI releases Sora, its buzzy AI video-generation tool

December 11, 2024

This California startup is cleaning water and removing...

June 5, 2025

Goodbye to ‘bags fly free’ on Southwest Airlines,...

March 17, 2025

How sustainable diaper brand Kudos is taking on...

August 7, 2024

JetBlue talking to ‘multiple airlines’ about a new...

February 21, 2025

Disney debuts its latest cruise ship, Treasure, as...

November 21, 2024

NFL’s next big media rights payday is years...

September 6, 2024

Burger King targets families through movie partnerships in...

May 23, 2025

Home Depot expects sales to weaken as consumers...

August 14, 2024

Mars to acquire snack maker Kellanova in $36...

August 15, 2024

Recent Posts

  • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA
  • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert
  • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs
  • Trump announces China will restart rare earth mineral shipments to US after productive call
  • FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (765)
    • Investing (2,275)
    • Politics (2,806)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.