Nvidia denies China joint venture report after CEO’s whirlwind visit to Beijing, Shanghai
The denial of joint venture plans comes as the US chip giant is trying to navigate its way through an intensifying US-China tech war
Artificial intelligence (AI) chip supplier Nvidia has denied a report that it is planning to set up a Chinese joint venture to maintain its business presence on the mainland, as it copes with US export restrictions on its graphics processing units (GPUs).
Taiwanese tech media Digitimes reported on Monday that Nvidia’s CEO Jensen Huang was considering establishing a joint venture in mainland China to maintain the operations of the company’s CUDA computing platform, as well as other business interests in the country, which contributed US$17.1 billon in company revenues in the previous financial year.
An Nvidia representative denied the report on Tuesday.
There is no basis whatsoever for any of these claims, the person told the Post, adding that it was irresponsible to publish baseless claims and speculation as fact
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Nvidia denies China joint venture report after CEO’s whirlwind visit to Beijing, Shanghai, source
