At NVIDIA’s third quarter results meeting, NVIDIA’s chief financial officer said,Currently working on solutions for export-restricted areas, it’s too early to say whether the U.S. government will issue a license. He also stated: "Export controls will negatively impact our China operations, we also don’t have a clear picture of the severity of this impact in the long term. "
Nvidia naturally does not want to give up on the strong demand for AI chips in the Chinese market, so it has developed H100 modified chips for markets in restricted regions such as China to make them comply with relevant US regulations.
According to the latest financial report data released by NVIDIA, its total revenue in the third quarter was US$18.12 billion (approximately 129.4 billion yuan), a year-on-year increase of 206%.
Data center revenue was US$14.514 billion (approximately 103.6 billion yuan),A year-on-year increase of 279%, about 20% of its revenue comes from the Chinese market.
Although this revenue and growth rate far exceeded external expectations, Nvidia has begun to worry and give warnings, sayingNVIDIA's sales are expected to decline sharply in the fourth quarter in China and other regions affected by the U.S. government's new export restrictions in October.