Nvidia to make $12bn from AI chips in China this year despite US controls

- Nvidia is set to sell $12bn worth of AI chips in China this year, despite US export controls. - Nvidia's H20 chips are designed to bypass restrictions on selling AI processors to Chinese customers. - The H20 chips are projected to outsell Huawei's Ascend 910B. - The US-China tensions are affecting the AI chip supply chain in China. - Each H20 chip costs $12,000-$13,000, potentially generating over $12bn in sales. - Nvidia's revenue in China was impacted by restrictions, but the H20 chip is gaining popularity with Chinese customers. - Analysts expect China to account for around 10% of Nvidia's sales this year. - Despite lower sales in China, Nvidia is seeing significant growth in the US tech market. - Nvidia is expected to sell $12 billion worth of AI chips in China this year despite US export controls - The company is forecasted to deliver over 1 million of its new H20 chips to China - The H20 chips, costing between $12,000 and $13,000 each, are designed to bypass US restrictions - Nvidia's sales in China could reach over $12 billion, exceeding its entire China business revenue - China is a significant market for Nvidia, accounting for around 9% of its total revenues - Nvidia faces competition from Huawei's Ascend 910B, but the H20 chip is proving popular in China - US-China tensions and export controls have impacted Nvidia's business, prompting the development of the H20 chip - Nvidia's sales in China have decreased since the imposition of export controls, but the H20 chip is seeing strong demand despite performance differences compared to US chips.