NVIDIA AI chips worth $1B smuggled into China
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Nvidia has cautioned against using unauthorized chips in data centers. This follows reports of AI chip smuggling into China. Chinese firms are finding
The Commerce Department allows Nvidia to sell H20 AI chips to China despite security concerns, and experts are divided on the U.S. technological advantage.
Nvidia recently became the first company to reach a $4 trillion market valuation, driven by its near-monopoly in AI chip technology.
Last week, Nvidia CEO Jensen Huang said it would soon resume selling its H20 chips to China after a breakthrough with the Trump administration on regulations.
Nvidia CEO Jensen Huang is no stranger to Beijing, but his most recent visit, his third to China this year, cemented his rock star status in the country, where fans mingled freely with the AI titan on the streets of the capital.
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The demand for Nvidia's data center GPUs is impossible to overstate. Between fiscal 2020 and fiscal 2025, the company's total revenue increased at a compound annual rate of 64%. And during the first quarter of fiscal 2026 (ended April 27), the top line soared 69% year over year to $44.1 billion.
Huang often mingles at street food stalls, barber shops, signs autographs, poses for photos, and once seen singing with Taiwan street performers.