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Nvidia Lowers AI Chip Prices in China Amid Huawei Competition

May 26, 2024 by Entreprenuer News Network Bureau

Nvidia has reduced prices for its AI chips in China due to oversupply, resulting in them being priced lower than similar chips from Huawei, according to sources. This development highlights Nvidia’s struggles in China amid U.S. sanctions and growing competition, affecting a market that contributed 17% to its revenue in fiscal 2024. Last year, Nvidia … Read more

Tesla Will Invest Usd 188 Million To Expand Its Plant Capacity In Shanghai

November 27, 2021 by Entreprenuer News Network Bureau

According to the state-owned Beijing Daily newspaper, Tesla Inc wants to invest up to 1.2 billion yuan to boost manufacturing capacity at its Shanghai factory, allowing it to hire 4,000 additional staff. The material was ascribed to a Shanghai government website for companies’ environmental information submissions, according to the newspaper. Tesla’s Shanghai factory was meant … Read more