Though it won’t end well in the long run.
The transcript of the event, which appeared shortly after the publication of NVIDIA’s quarterly report, makes it clear how formulaic the comments of the company’s management regarding US sanctions against China have remained compared to the end of June. The latter, we recall, since the fall of last year, deprived NVIDIA of the opportunity to supply Chinese customers with full-fledged versions of the A100 and H100 computing accelerators, and therefore they have to be adapted in terms of performance, supplying to China already under the names A800 and H800.
Image Source: NVIDIA
CFO Colette Kress admitted that she is aware of the upcoming new restrictions in this area, but continues to believe that in the short term they will not be able to significantly change NVIDIA’s revenue downwards, since the drop in the Chinese market will be offset by growth in sales in other directions. In the server segment, NVIDIA’s revenue continues to depend on the Chinese market by 20-25%. The current U.S. sanctions are achieving what the U.S. regulators want, according to an NVIDIA spokeswoman.
In the long term, however, the tightening of US sanctions against China will lead to the loss of the opportunity for American companies to lead and compete in one of the largest markets on the planet, according to NVIDIA’s chief financial officer.
