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Nvidia’s AI chip sales in China stall, as local chipmakers like Huawei take the lead

Nvidia faces stalling AI chip sales in China as local competitors like Huawei gain ground and banned hardware prices surge on the black market.

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📍 Aftermath

Nvidia's AI chip sales in China stalled as local chipmakers like Huawei took the lead. Jensen Huang stated that China revenue fell to zero, while banned Blackwell GPUs saw price increases on the black market.

Epilogue added 48d ago, after coverage quieted.

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3210Jun 29 18:36Jul 1 10:19 UTC

What happened

Nvidia's AI chip sales in China have stalled, with CEO Jensen Huang admitting that China revenue has fallen to zero. This decline coincides with local chipmakers, specifically Huawei, taking a lead in the market. Simultaneously, banned Blackwell GPUs are seeing price increases in China.

Coverage from Reuters, AP News, and Yahoo Finance emphasizes the rise of local competition. Additionally, Reuters reports that banned AI chips have doubled in price on the Chinese black market, according to the FT. Wedbush has also highlighted the price increases for banned Blackwell GPUs.

Future developments center on a $20 billion comeback plan mentioned by Jensen Huang to address the revenue loss in the region.

Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 55d ago.

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Questions people are asking

What is the current state of Nvidia's revenue in China?

Jensen Huang stated that Nvidia's China revenue has fallen to zero.

Which local competitor is mentioned as taking the lead?

Huawei is identified as a local chipmaker taking the lead as Nvidia's sales stall.

What is happening to the price of banned Nvidia chips in China?

Banned AI chips have doubled in price on the black market, and Blackwell GPUs are seeing price increases.

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