US stock market · May 24, 2024 0

NVIDIA (NVDA.US) Cuts H20 Chip Price in CN Mkt to Combat Competition from Huawei

NVIDIA Corporation (NVDA.US)      cut the price of H20, its best performing chip in the Chinese market, according to Reuters. The sources said that the abundant supply of the chip in the market reflects weak demand.

Therefore, H20 is needed to be sold at a lower price than its rival Huawei. In some cases, the selling price is over 10% lower than Huawei's strongest chip, Ascend 910B.
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