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Nvidia has been hit with a series of restrictions on exports of its artificial-intelligence chips to China. However the chip maker isn’t giving up on a promising market for its AI processors.
Nvidia (ticker: NVDA) was told last month that it would face immediate licensing restrictions on the export of a series of data-center chips to China. The restrictions included the H800 chip and A800 chips the company had specifically designed for the Chinese market.
Now, Nvidia is lining up three new chips—named the HGX H20, L20 PCIe, and L2 PCIe—for the Chinese market which could be announced as early as next Thursday, according to Chinese publication The STAR Market Daily, citing people in the industry.
Notably, The STAR Market Daily said the chips were modified from the H100, Nvidia’s graphics-processing unit that has become the most in-demand chip among Western companies for training AI models.
Nvidia declined to comment on the report.
“Nvidia is perfectly straddling the line on peak performance and performance density with these new chips to get them through the new U.S. regulations,” wrote Dylan Patel, chief analyst at SemiAnalysis, in a blog post.
Nvidia stock was knocked in October by the initial news of tighter U.S. restrictions but has since more than recouped the losses as the company said it didn’t expect any near-term financial effects from the curbs.
Nvidia stock is up 2.3% in early trading on Thursday at $476.50.
Advanced Micro Devices
(AMD), which has also faced export controls on its chips, was up 1.4%.
“This upcoming announcement of the new Nvidia chips should help boost the entire chip sector since it will remove much of the uncertainty surrounding new Chinese export rules,” said Louis Navellier, chief investment officer at Navellier Calculated Investing.
Write to Adam Clark at [email protected]
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