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Decoding Nvidia CEO's Visit to Shanghai: Impact on Gaming, Graphics, and AI Processor Market

Anusuya Lahiri
·2 分鐘文章

  • Nvidia Corp (NASDAQ: NVDA) CEO Jensen Huang could visit Shanghai, the first visit in four years.

  • Despite escalating geopolitical tensions, Nvidia CEO Jensen Huang may visit Shanghai on June 6.

  • Huang may meet executives from Tencent Holding Ltd (OTC: TCEHY), TikTok owner ByteDance Ltd, smartphone giant Xiaomi Corp (OTC: XIACY) (OTC: XIACF), and automobile makers BYD Co, Ltd (OTC: BYDDF) (OTC: BYDDY) and Li Auto Inc (NASDAQ: LI), SCMP reports.

  • The Taiwan-born American entrepreneur spent this week in Taiwan, having dinner with Morris Chang, founder of Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM).

  • Huang will likely meet the chairman of TSMC and Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC: HNHPF) Foxconn Technology Group on Friday.

  • Huang expressed immense confidence in China's ability to catch up in chip technology despite the U.S. embargo at the Computex expo in Taipei.

  • Huang had flagged immense damage to U.S. tech from its semiconductor chip embargo with China, one of the company's biggest and most important markets.

  • Huang said China made up roughly 33.33% of the U.S. tech industry's market and would be indispensable as both a source of components and an end market for its products.

  • China, including Hong Kong, accounted for more than 20% of Nvidia's sales in its latest financial year ending January 2023, while Taiwan represented more than 25%.

  • He emphasized how Chinese companies built their chips to rival Nvidia's market-leading gaming, graphics, and artificial intelligence processors.

  • Nvidia had altered its flagship product into a legal version to export to China.

  • Price Action: NVDA shares traded higher by 1.33% at $402.99 premarket on the last check Friday.

  • Photo via Wikimedia Commons

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This article Decoding Nvidia CEO's Visit to Shanghai: Impact on Gaming, Graphics, and AI Processor Market originally appeared on Benzinga.com

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