Reports this year said the U.S. was considering new export restrictions to China of artificial intelligence-related chips, the likes of which Nvidia designs.
Nvidia previously introduced A800 and H800 chips — which are modified and slowed-down hardware — to comply with the U.S. export controls.that the U.S. semiconductor industry could be hit by further curbs on chip exports.
But the comment highlights the chipmaker's opposition to further restrictions in one of its most significant markets. China accounts for 20% to 25% of Nvidia's revenue in its data center business, its biggest unit — whose sales grew 171% year-on-year to a record $10.32 billion in revenue in the June quarter., with earnings and revenue smashing through expectations.
The U.S. has said its export restrictions aim to stop China from obtaining technology that could have military uses. The two superpowers have been locked into a battle over technology supremacy for the last few years, with semiconductors caught in the middle. By most accounts, Nvidia's chips — which go into data centers and are able to facilitate the training of the huge AI models such as those that underpin ChatGPT — are ahead of rival offerings. Chinese companies that train huge data sets also rely on these chips.
Despite the geopolitical overhang, Nvidia's stock has rallied more than 220% this year, and the company is expecting revenue growth to nearly triple year-on-year in the September quarter.
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