Jensen Huang-Led Nvidia Plans New Shanghai Research Hub To Stay Competitive In China As US Export Curbs Threaten AI Chip Sales: Report
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Nvidia Corporation is establishing a new R&D center in Shanghai to maintain its AI leadership amid U.S. export restrictions. CEO Jensen Huang discussed the plans with Shanghai's mayor, focusing on optimizing existing products and exploring applications like autonomous driving. While no GPU designs will be sent to China, the move highlights Nvidia's strategy to balance its presence in a key market, which accounted for 14% of its revenue in 2023. Nvidia shares fell slightly to $134.70 in after-hours trading.
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