On Thursday, White House AI and Crypto Tsar David Sacks at Washington insisted on updating the export control policy, warning that limiting American companies such as Nvidia Corp. NVDA From selling chips abroad, Chinese companies can hand over Huawei Technologies The advantage in the worldwide race for dominance of artificial intelligence.
David Sacks says that export controls should be reconsider
In a post XSacks said that two developments in China are underline the urgency this week: Huawei revealed a new AI chip to compete with Nvidia and Beijing ordered domestic companies to stop buying certain Nvidia processors.
“Taken together, the message is clear: China is not desperately looking for our chips,” wrote Sacks. “It produces its own and plans to compete worldwide in the semiconductor market.”
While he acknowledges that Nvidia still has a substantial lead, he noted that Huawei is compensating for weaker chips by clustering them in large networks.
He warned: “Excessive bureaucratic delays are a gift for Huawei, who fills in purchase orders while American companies fill in forms.”
See also: Intel Growth Challenges are not over despite Altera Stake Sale: Analyst
Huawei reveals chiproadmap
Huawei has announced long -term chip plans for the first time and has announced his To rise Ai -chips and Kit peng Server processors follow a release cycle of one year, whereby the computing power is doubled for each iteration, reported Reuters.
Rotary chairman Eric XU Also said that the company has developed its own memory with a high bandwidth, a technology that was previously dominated by in South Korea SK Hynix And Samsung Electronics Co. SSNLF.
At the same time, the Cyberspace administration of China led major technology companies, including Bytedance And Alibaba Holdings Baba To put an end to the testing and orders of Nvidia’s RTX Pro 6000DA chip that is specifically designed for China to meet US restrictions, according to the Financial Times.
Wall Street votes skepticism
Market commentators pushed back on claims that Huawei surpasses Nvidia.
Earlier, CNBC’s Mad Money Host Jim Cramer Criticized Chinese media reports and said: “If their chips were so great, everyone would use them.”
Daniel NewmanCEO of FutureHas mentioned in the same way that China can continue without nvidia ‘nonsense at the next level’.
Earlier, Nvidia CEO Jensen Huang had called Huawei Formidable, although Huawei’s own founder Run zhengfei has admitted that the company still follows American chip technology.
Price promotion: NVIDIA shares climbed 3.49% during the regular session on Thursday, but fell 0.24% in pre-market trade on Friday, according to Petrol.
Benzinga’s Edge Stock Rankings Indicate that NVDA has an upward route in the medium and long term, while a backlog is shown. There are more detailed performance here.
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Indemnification: This content was partially produced with the help of AI tools and was assessed and published by Benzinga Editors.
Photo with thanks to: Chung-Hao-Lee / Shutterstock
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