Nvidia(US:NVDA) Xin Lang Cai Jing·2025-09-28 13:27Core Viewpoint - The article discusses the ongoing competition between the U.S. and China in the semiconductor industry, highlighting the challenges faced by U.S. companies like NVIDIA due to export restrictions and the resilience of Chinese firms in developing their own technologies [1][3]. Group 1: U.S. Government Actions - The U.S. government has implemented a series of export restrictions aimed at curbing the development of China's semiconductor industry [1]. - Earlier this year, the U.S. government prohibited NVIDIA from exporting the H20 chip to China until the company agreed to pay 15% of its sales in China to the U.S. government [3]. Group 2: NVIDIA's Position - NVIDIA's CEO Jensen Huang stated that China is only "a few nanoseconds" behind the U.S. in the semiconductor field, emphasizing the need for competition in the global market [1]. - Huang believes that allowing U.S. tech companies to compete in China would enhance U.S. economic success and geopolitical influence [1]. - NVIDIA has faced declining demand for its specially designed AI chips for China, with major Chinese tech firms refusing to place orders for the RTX6000D chip [4]. Group 3: Chinese Companies' Response - In response to U.S. restrictions, Chinese companies are actively developing alternative AI chips to capture market share previously dominated by NVIDIA [3]. - Huawei has announced a three-year product iteration roadmap for its Ascend AI chips, aiming to meet the growing demand for computing power [3]. - Major Chinese internet companies like Alibaba, Tencent, Baidu, and ByteDance are increasing their investments in chip research and design to gain greater control over the supply chain [3]. Group 4: Regulatory Challenges - NVIDIA is under investigation by Chinese regulators for potential antitrust violations, with the Chinese government expressing concerns over the safety and environmental impact of its H20 chip [4]. - Huang has responded to the investigations by emphasizing the importance of the Chinese market and the need for dialogue to resolve issues [4]. - The Chinese government has reiterated its opposition to discriminatory practices in trade and technology against specific countries [4].