GovernmentTechnology
15 January 2024, 8:49 pm 1 minute
Reuters exclusively reported that Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased small batches of Nvidia (NVDA.O), opens new tab semiconductors banned by the U.S. from export to China.
Market Impact
The continued demand for and access to banned Nvidia chips also underlines the lack of good alternatives for Chinese firms despite the nascent development of rival products from Huawei(HWT.UL) and others. Prior to the bans, Nvidia commanded a 90% share of China’s AI chip market.
Article Tags
Topics of Interest: GovernmentTechnology
Type: Reuters Best
Sectors: Government & Public ServicesTechnology
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story