HONG KONG (Reuters) – Nvidia is seeking a site in Shanghai for a research and development centre, three sources close to the matter said, reflecting the strategic significance of the Chinese market where U.S. curbs on advanced chip exports have hit sales.
The U.S. chipmaker began the search in early 2025 and is primarily evaluating locations in Shanghai’s Minhang and Xuhui districts, one of the sources said.
The project gained momentum after a surprise visit to China by Nvidia CEO Jensen Huang last month, said two of the sources.
Huang, who has consistently said China is critical to Nvidia’s growth, made his visit immediately after the U.S. placed new restrictions on China-bound shipments of its H20 chips, the only AI chip the company can sell legally in China.
Huang met senior Chinese officials, including Vice Premier He Lifeng and Shanghai’s mayor Gong Zheng.
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