Reuters exclusively reported that Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased small batches of Nvidia (NVDA.O), opens new tab semiconductors banned by the U.S. from export to China. 

Market Impact

The continued demand for and access to banned Nvidia chips also underlines the lack of good alternatives for Chinese firms despite the nascent development of rival products from Huawei(HWT.UL) and others. Prior to the bans, Nvidia commanded a 90% share of China’s AI chip market.

Article Tags

Topics of Interest: GovernmentTechnology

Type: Reuters Best

Sectors: Government & Public ServicesTechnology

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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