黄仁勋换上了唐装

Core Viewpoint - The article discusses the strategic moves of NVIDIA and its CEO Jensen Huang in response to the evolving AI market in China, highlighting the importance of the Chinese market for NVIDIA despite U.S. export restrictions and competition from domestic companies [1][2][3]. Group 1: NVIDIA's Market Strategy - Jensen Huang has made multiple trips to China, emphasizing the significance of the Chinese AI market for U.S. companies [2][4]. - NVIDIA has received U.S. government approval to export its H20 chip to China, which is a modified version of its A800/H800 chips, with significantly reduced performance [7][8]. - Following the announcement of the export approval, NVIDIA's market value surged by over 1.16 trillion yuan, solidifying its position as the world's most valuable company [8]. Group 2: Challenges and Competition - Despite a significant reduction in market share in China, the country still accounted for 13% of NVIDIA's sales in the last fiscal year [16]. - Huang acknowledged that Chinese companies are rapidly advancing in AI applications, which poses a threat to NVIDIA's market dominance [17][20]. - The U.S. government's restrictions have led to substantial losses for NVIDIA, including a $5.5 billion inventory write-down due to the ban on the H20 chip, which was expected to generate $12 billion to $15 billion in revenue [24][25]. Group 3: Domestic Competitors - Chinese companies like Huawei are rapidly developing competitive AI chips, with Huawei's Cloud Matrix 384 reportedly outperforming NVIDIA's offerings [33][36]. - The domestic AI chip market is growing, with local companies capturing a significant share, as evidenced by Huawei's Ascend chips achieving a 24.8% market share in China [36]. - The increasing use of domestic chips in AI applications is reshaping the competitive landscape, with reports indicating that over 30% of AI model training is now done using domestic chips [38][43]. Group 4: Future Outlook - NVIDIA is reportedly preparing to launch a new AI chip based on the Blackwell architecture, priced significantly lower than the H20, to maintain its foothold in the Chinese market [47][48]. - The new chip's design reflects NVIDIA's attempts to comply with U.S. export regulations while still providing a viable product for Chinese customers [52][53]. - Huang's ongoing efforts to engage with U.S. officials suggest a strategic push to navigate the complex regulatory environment and secure NVIDIA's position in the Chinese market [57][65].