Overview

• Republican Sen. Jim Banks and Democratic Sen. Elizabeth Warren requested detailed disclosures by June 20 on the planned Shanghai R&D center’s research focus, chip types, staffing and budget.
• The lawmakers warned that expanded operations could inadvertently support China’s defense-industrial complex by transferring advanced semiconductor knowledge.
• Nvidia maintains that the new site merely provides space for existing employees and will not broaden its research scope.
• The company has begun advertising for AI talent in China, reflecting CEO Jensen Huang’s view that Chinese researchers account for half of the global AI workforce.
• Nvidia reported a 69 percent jump in first-quarter revenue to $44 billion even as tighter U.S. export rules force it to forgo an estimated $5.5 billion in H20 chip sales to China.