Three weeks after the US banned Nvidia from selling two high-end artificial intelligence (AI) chips and one of its best gaming chips to Chinese companies, local media reports state that the company is preparing to release three new chips for China.
According to the report, Nvidia could announce the chips as soon as November 16—the HGX H20, L20 PCIe, and L2 PCIe.
When contacted regarding the report, Nvidia chose not to comment. Last month, the US giant in AI chips announced that it would not be able to sell two of its modified advanced AI chips, the A800 and H800, which were made for the Chinese market in compliance with previous export regulations, due to new export restrictions announced by Washington.
The company also stated that it would have an impact on the L40S chip, one of its top-tier gaming chips that it had announced in August.
Since US regulators had accelerated the original deadline, Nvidia announced on October 24 that the curbs would go into effect immediately.
Analysts predict that the US curbs will open doors for domestic companies like Huawei Technologies to gain traction in China’s $7 billion AI chip market, where Nvidia currently holds a market share of over 90%.
This year, according to sources, the Chinese internet behemoth Baidu placed a sizable order for Huawei AI chips. According to one, Baidu had taken this action ahead of the announcement of the US curbs because it was planning for the possibility that it would no longer be able to buy from Nvidia.
During New York pre-market trading, Nvidia’s shares increased by 1.8%.