NVIDIA (Nvda, Financial) has responded to allegations regarding plans to limit or halt exports to China, emphasizing their commitment to maintaining a strong foothold and ongoing support for consumers in the region. The company has labeled these allegations as false and reaffirmed its dedication to the Chinese market.
This situation arises amidst ongoing investigations by Chinese government officials, including an antitrust inquiry into Nvidia’s acquisition of Mellanox Technologies. The review of the $6.9 billion deal concerning potential competition issues adds to the regulatory challenges facing the company in one of its largest international markets.
Despite these legal challenges, NVIDIA is increasing its significance in China by hiring more employees, particularly for research and development in autonomous driving technology. According to Bloomberg, the company has around 200 staff members in Beijing, bringing its total workforce in China to nearly 4,000.
To enhance AI’s problem-solving capabilities, CEO Jensen Huang has introduced the concept of “long thought” within AI research, which is expected to drive significant investment in AI infrastructure and applications.
This article was originally published on Gurufocus.