Nvidia Working 'Very Closely' With US to Comply With New Controls, CEO Says
American chip designer Nvidia is working with the Biden administration to make sure its products comply with U.S. export restrictions, CEO Jensen Huang said during a news conference in Singapore this week.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
"Nvidia has been working very closely with the U.S. government to create products that comply with its regulations," Huang said, according to a Dec. 6 Reuters report. "Our plan now is to continue to work with the government to come up with a new set of products that comply with the new regulations that have certain limits."
The company in recent months has rolled out new chips that fall just below the control threshold of U.S. export licensing requirements each time the government has updated those requirements (see 2211080005 and 2310240020). Commerce Secretary Gina Raimondo said last week that she wants to end that cycle and instead work more closely with Nvidia and other U.S. chip companies to better communicate the intent of the controls (see 2312040041).
She said the U.S. will place restrictions on any new chip developed by Nvidia or others that falls below the current control parameters but that still can be used by China in certain advanced artificial intelligence applications.
Huang declined to confirm whether the company plans to delay the launch of a new China-focused AI chip until it receives more clarity from the U.S. government. He added that Nvidia traditionally has derived about 20% of its revenue from sales to China, the report said, but that it’s difficult to predict how that figure will change with the new U.S. controls released Oct. 17 (see 2310170055).