Nvidia is working on a new graphics chip for the Chinese market, ruling out the use of the Hopper architecture that was previously driving their China-oriented H20 chip.
The company confirmed that they do not have a new chip ready at the moment but are considering it due to the ban on their previous product caused by export controls.
China accounts for about 14% of Nvidia's total revenue, and the loss of H20 revenues due to the export ban has created a significant impact on the company's business in the region.
Nvidia faces competition from domestic companies like Huawei in China, as the export ban has spurred the development of AI chip technologies by Chinese firms, challenging US-based companies in the market.