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Nvidia (NVDA.US) will increase its workforce in China to 4,000 to accelerate research into autonomous driving technology.

Market IntelThursday, Dec 12, 2024 4:10 am ET
1min read

NVIDIA (NVDA.US) has significantly strengthened its research team in China this year, particularly in the field of autonomous driving technology, by adding hundreds of new employees to achieve this goal. According to insiders, the total number of NVIDIA's employees in China is expected to increase from about 3,000 in early 2024 to about 4,000 by the end of this year, with about 200 new employees added in the Beijing area to strengthen research on autonomous driving. In addition, the company has expanded its after-sales service and network software development teams, reflecting its comprehensive expansion strategy in China.

NVIDIA's total number of employees in China has reached nearly 600, and it has set up a new office in the Zhongguancun Science and Technology Center to further consolidate its research and market position in China. As the second-largest semiconductor company in the world, NVIDIA is expanding its workforce globally to meet the high demand for AI chips. Despite being unable to sell its most advanced semiconductors due to US trade restrictions, NVIDIA's quarterly sales in China still reached US$5.4 billion, highlighting its role as an important market and research center.

Moreover, the strong support from the Chinese government for domestic EV manufacturers not only makes China a leader in EV technology but also effectively lowers the cost of new connected cars. As a deep-rooted player in the field of autonomous driving and AI software, NVIDIA's research team in China now has the ability to collaborate with domestic car manufacturers to advance technology and enhance product competitiveness, despite the fact that its decade-long efforts have not yet fully translated into significant results.

It is worth noting that NVIDIA previously faced an investigation by the State Administration for Market Regulation for suspected violation of China's anti-monopoly law. Despite facing regulatory challenges, NVIDIA still managed to obtain government approval to acquire Israeli network equipment maker Mellanox for US$7 billion, but it must comply with a series of conditions, including providing new product information to competitors and ensuring the compatibility of Chinese chipmakers' technologies.

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DoU92
12/12
$NVDA's growth in China despite trade restrictions is a testament to their adaptability. They're not just riding the wave, they're surfing it.
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Puginator
12/12
AI chips are the future, and $NVDA is expanding like crazy. China's EV market is a goldmine for them. 🚀
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skilliard7
12/12
Holding $NVDA long-term, AI demand is strong
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ImplementEither7716
12/12
NVIDIA's China expansion is lit. Autonomous driving tech collab with local carmakers could be a game-changer. 🚀
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EX-FFguy
12/12
NVIDIA's China expansion is a smart move.
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goodpointbadpoint
12/12
Autonomous driving tech in China is 🔥
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therealchengarang
12/12
4,000 employees in China? That's a serious play for $NVDA. Autonomous driving tech is the next big thing.
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Certain-Dragonfly-22
12/12
US-China chip politics are wild, stay informed.
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