U.S. chip giant Nvidia, which was ordered by the U.S. government to stop selling its most advanced chips to China as part of the U.S. “chips war” on China, is reported by Global Times on Aug. 10, to have “reached a $1 billion deal with Chinese tech giants for A800 processors…. The A800 is a less-powerful version of Nvidia’s cutting-edge model, after U.S. officials asked the company to stop exporting its two top computing chips to China for work related to artificial intelligence (AI)....”
“Experts said that these deals underscore the industry’s challenges and the restrictions imposed on regular chip trade due to the U.S.’ decoupling strategy, aimed at curbing China’s technological progress.”
GT adds: “Nvidia has received orders worth $1 billion from Baidu, ByteDance, Tencent and Alibaba for approximately 100,000 A800 processors, as reported by the Financial Times on Thursday [Aug. 10], citing sources familiar with the matter. These orders are expected to be delivered this year.”
They also point to the fact that the U.S. policy is damaging the U.S. companies severely. “For the quarter ended on July 1, Intel’s revenue fell 15% year-on-year to $12.9 billion, marking the sixth consecutive quarter of declining sales, according to the company’s second-quarter report.” (https://www.globaltimes.cn/page/202308/1296061.shtml)
