15 July 07:26
Nvidia has confirmed it will begin chip shipments after the US government promised to grant the necessary licenses.
Gabriel Dumitrache
International
Foto: Shutterstock
Nvidia CEO Jensen Huang announced that the US government has assured the company that it will receive the necessary licenses to begin chip shipments to China. Huang, who was in Beijing for talks with Chinese officials, emphasized the importance of US firms being competitive in the Chinese market. Although Nvidia has reached a market value of $4 trillion, the US-China trade rivalry, including export restrictions, continues to hurt the industry.
Sources
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