After US curbs, Tencent and small chip designers chase Nvidia’s China crown 


Business & FinanceTechnology

Reuters exclusively reported that Chinese chip designers including Tencent Holdings (0700.HK) are aggressively pitching their AI chips as alternatives to Nvidia’s (NVDA.O), hoping U.S. export restrictions will prompt clients to switch, said four people familiar with such discussions. California-based Nvidia commands as much as 90% of China’s $7 billion market for chips used to process enormous amounts of data to develop artificial intelligence (AI) software. 

Market Impact

Technology firms in the world’s second-largest economy have started to move towards Nvidia alternatives. Tencent itself has said U.S. curbs sent it looking for domestic sources of AI training chips. 

Article Tags

Topics of Interest: Business & FinanceTechnology

Type: Reuters Best

Sectors: Business & FinanceTechnology

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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