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00:02NVIDIA CEO Jensen Huang said Wednesday in Beijing that the company hopes to deliver
00:07more advanced AI chips to China as regulations allow, according to Benzinga.
00:11Huang emphasized that technology evolves quickly,
00:14and NVIDIA wants its China offerings to keep pace.
00:17The H20 chip is specially modified to comply with U.S. export controls,
00:21which had been temporarily restricted.
00:24NVIDIA projects an $8 billion hit in Q2 from ongoing export constraints.
00:29Huang warned that prolonged restrictions could seed China's AI market,
00:33potentially worth $50 billion to competitors like Huawei.
00:37While supporting U.S. domestic chip production,
00:39he urged policymakers to consider the economic consequences of export controls,
00:44ill-processing final paperwork,
00:46though the government assured NVIDIA that licenses would be granted.
00:50He added that NVIDIA is working quickly to restore H20 production,
00:53but noted it takes about nine months from wafer order to delivery.
00:56Analysts say renewed H20 availability could ease concerns for Chinese firms
01:01developing large language models and boost foreign chip makers' market share in China.
01:05For all things money, visit Benzinga.com.
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