"Most of our competitors don't really care where I am. They want to compete with us everywhere we go."
Image credit: Jamesonwu1972 / Shutterstock
In a recent statement made in Singapore, NVIDIA's CEO Jensen Huang said that Shenzhen-based Huawei company is one of the "formidable" rivals to their company. Huang is very anxious when it comes to competitors, as we previously reported. If you are not sure what I'm talking about, recently we discussed how Huang is afraid of losing everything, waking up worried that the company he built will fail.
According to Huang, Huawei, Intel, and other semiconductor startups made it difficult for the company to keep the world's dominant position in the market for AI chips.
"We have a lot of competitors, in China and outside China. Most of our competitors don't really care where I am. They want to compete with us everywhere we go," said Huang.
During Huang's visit to Singapore, there were also lots of questions about China as he met with Prime Minister Lee Hsien Loong to discuss their AI strategy.
NVIDIA's chips have been in high demand for AI technology, but the US has placed barriers on their sale to China, limiting their access to these chips. This has become increasingly challenging due to US-China trade tensions, as NVIDIA serves Chinese customers in Singapore, including major firms such as ByteDance Ltd, Tencent Holdings Ltd, and Alibaba Group Holding Ltd. Sales to customers in the city-state, including Chinese firms, accounted for about 15% of NVIDIA's revenue in the past three months. Singapore is focused on expanding its digital economy and sees the development of AI technology as crucial to its overall growth.
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