Core Viewpoint - Nvidia is facing significant challenges in the Chinese market due to intensified antitrust investigations and regulatory actions that may halt the procurement of its AI chips by major Chinese companies [1][3][6] Group 1: Regulatory Challenges - The Chinese market regulator has announced an investigation into Nvidia for potential antitrust violations, particularly related to its acquisition of Mellanox and practices such as bundling sales and differential treatment of customers [3][6] - Major Chinese internet companies have been instructed to stop purchasing Nvidia's "special supply" AI chips, effectively blocking Nvidia's primary sales channel in China [3][6][10] Group 2: Market Dynamics - Nvidia's special supply chips, such as the RTX Pro 6000D, are reportedly unpopular among large clients due to their performance-to-price ratio and the availability of alternative chips in the market [7][10] - The ongoing geopolitical tensions and fluctuating U.S. policies regarding chip exports to China complicate Nvidia's operational strategy, as the company must navigate both regulatory scrutiny and competitive pressures [10][11] Group 3: Strategic Implications - Despite the challenges, it is unlikely that Nvidia will completely exit the Chinese market, as it remains a crucial area for AI computing power and data center development [5][6] - Nvidia may need to adjust its business model in China, potentially lowering prices, opening interfaces, and dismantling its bundling sales strategy to comply with local regulations [6][14] Group 4: Broader Industry Context - The semiconductor industry is experiencing a three-layered competition involving manufacturing capabilities, total computing power, and ecosystem influence, with both the U.S. and China vying for dominance [10][11] - China's regulatory actions are not solely aimed at foreign companies but also serve to accelerate domestic chip development and reduce reliance on foreign technology [10][14]
黄仁勋摊牌,或将退出中国市场?美媒:特朗普让美国失去了唯一优势