Nvidia Expands Global Presence Amid U.S. Scrutiny and Rising Competition
The AI chipmaker plans to deepen ties in Vietnam and faces scrutiny over its AI accelerators for China while also dealing with competition from Chinese chip designers.
- Nvidia is expanding its global presence, with a particular focus on Vietnam and China. The company has already invested $250 million in Vietnam and is planning to establish a base there to attract global talent and contribute to the country's semiconductor industry.
- Nvidia's CEO, Jensen Huang, has announced plans to deepen ties with Vietnam's top tech firms, including Viettel, FPT, Vingroup, and VNG, with a focus on developing AI and digital infrastructure.
- In China, Nvidia's AI accelerators are under scrutiny by the U.S. Commerce Secretary, Gina Raimondo. The U.S. is examining every aspect of the new chips to ensure no breach of export controls.
- Nvidia has significantly increased its investments in AI startups this year, participating in 35 deals in 2023, marking a nearly sixfold increase from the previous year. This surge in activity positions Nvidia as the most active large-scale AI investor, surpassing major Silicon Valley venture firms.
- Despite dominating up to 90% of China's $7 billion AI chip market, Nvidia faces competition from Chinese chip designers, including Tencent Holdings, who are pitching their AI chips as alternatives to Nvidia's, hoping U.S. export restrictions will prompt clients to switch.
Benzinga 
Business Insider 
South China Morning Post 
CNA 
Investopedia 
Cointelegraph 
