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Nvidia reportedly planning to launch custom chipmaking unit – report

2024.02.09 08:04


© Reuters Nvidia (NVDA) reportedly planning to launch custom chipmaking unit – report

According to Reuters, Nvidia (NASDAQ:) is launching a brand new division geared toward designing custom-made chips for cloud computing entities and different sectors, together with slicing-edge AI processors.

NVDA rose 1% in premarket buying and selling Friday.

This transfer represents part of Nvidia’s effort to seize alternatives within the booming custom AI chip market and to safeguard its enterprise in opposition to rising competitors.

The firm, headquartered in Santa Clara, California, holds an roughly 80% share within the excessive-finish AI chip market. This dominance has considerably contributed to a 40% improve in its market worth this 12 months, reaching $1.73 trillion, following a greater than threefold progress in 2023.

Nvidia’s clientele, that includes a few of the world’s greatest firms like Microsoft, Alphabet, OpenAI, and Meta Platforms, are scrambling to purchase Nvidia’s chips, that are in restricted provide, for his or her ventures into the quickly evolving generative AI area.

Per Reuters, Nvidia has been partaking in discussions with main tech giants about producing specialised chips for his or her wants.

The chipmaker, which witnessed breakneck progress in 2023, is increasing its focus to embody sectors like telecom, automotive, and gaming, as well as to knowledge middle chips.

Research from 650 Group initiatives the info middle custom chip market may attain $10 billion this 12 months and doubtlessly double by 2025.

Elsewhere, analysts from Needham estimate the general custom chip market was valued at round $30 billion in 2023, representing about 5% of the worldwide annual chip gross sales.

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