Nvidia Unveils Lower-Priced AI Chip to Navigate US Restrictions in China

Facing U.S. sanctions, Nvidia is developing a new, more affordable AI chip tailored specifically for the Chinese market. This move aims to maintain its presence in a lucrative sector worth $50 billion despite American restrictions. The chip, priced at $6,500-$8,000, targets the growing demand in China while avoiding limitations on Nvidia’s products imposed by Washington. 2nd Chip: Amidst competition from Huawei, this new approach seeks to ensure the company’s continued presence in a market that represents 13% of its overall revenue.