Nvidia, the Santa Clara-based chip maker, is trying to maintain its business presence in China despite increasing challenges from U.S. trade restrictions and homegrown rivals. The company plans to build a research and development facility in Shanghai as part of efforts to expand its employee base.
Tightening U.S. regulations and local competition have made it difficult for Nvidia to compete with Huawei, the country’s top chip manufacturer. To stay ahead, Nvidia aims to attract top artificial intelligence talent in China. By establishing a presence in Shanghai, the company hopes to strengthen its position in the world’s second-largest economy.
Nvidia plans to lease new space to accommodate existing employees and build its research facility in the coming months. This move is aimed at helping the company navigate the complexities of doing business in China.
Source: https://www.marketwatch.com/story/nvidia-is-trying-to-hold-on-to-its-business-in-china-even-as-it-gets-harder-to-compete-with-huawei-95595392