英伟达 CEO 黄仁勋计划在推出中国特供版 AI 芯片前访问北京 — Nvidia’s Jensen Huang plans Beijing trip ahead of new China AI chip launch20250710

英伟达CEO⻩仁勋计划访华为在华发布新款AI芯⽚铺路 Semiconductors AddtomyFT 添加⾄我的FT 半导体 Nvidia’sJensenHuangplansBeijingtíipaheadofnewChinaAIchiplaunch ⾸席执⾏官将于下周与中国官员会⾯，⽬标是在9⽉推出符合美国出⼝管制要求的新处理器 CEOtotalkwithChineseofficialsnextweek,aimingforSeptemberunveilingofprocessorcompliantwithUSexportcontrols NvidiachiefJensenHuanghasbeenwithoutacompetitiveAIproductinChinasinceitsH20processorfellvictimtotightenedUSexportcontrolsinApril©AlexWheeler/FT/AFP/GettyImages ⾃4⽉H20处理器因美国收紧出⼝管制⽽受挫后，英伟达掌⻔⼈⻩仁勋在中国市场始终缺乏具有竞争⼒的AI产品©AlexWheeler/FT/AFP/GettyImages Save Share ⾹港的吴紫晶和冷成报道 Published 6MINUTESAGO 0 已发布 ZijingWuandChengLenginHongKong NvidiaplanstolaunchanewartificialintelligencechipdesignedspecificallyforChinaassoonasSeptember,withchiefexecutiveJensenHuangplanningavisittoreassertthecompany’scommitmenttothecountry. 英伟达计划最快于9⽉推出专为中国市场设计的新型⼈⼯智能芯⽚，⾸席执⾏官 ⻩仁勋计划访华以重申公司对中国市场的承诺。 ThechipisaversionofNvidia’sexistingBlackwellRTXPro6000processormodifiedtomeetUSPresidentDonaldTrump’stightenedexportcontrolrules,accordingtopeoplewithknowledgeoftheplans. 据知情⼈⼠透露，该芯⽚是英伟达现有BlackwellRTXPro6000处理器的改良版本，旨在符合特朗普政府收紧的出⼝管制规定。 Theproductwouldbestrippedofthemostadvancedtechnologies,suchashigh-bandwidthmemory(HBM)andNVLink,whichimprovesinterconnectionsforfasterdatatransfers. 这款产品将移除最先进的技术组件，例如⽤于提升数据传输速度的⾼带宽内存 (HBM)和NVLink互连技术。 HuangplannedtomeettopChineseleadersasheattendstheInternationalSupplyChainExpoinBeijingstartingnextWednesday,peoplefamiliarwithhisschedulesaid. 知情⼈⼠透露，⻩仁勋计划在下周三开始的北京国际供应链博览会上与中国⾼层领导⼈会⾯。 ThechipsgrouponWednesdaybecamethefirstcompanytohita$4tnmarketcapitalisation.ThestocktookaknockearlierintheyearwhentheUStightenedexportcontrolsbuthasrecoveredthankstoinvestorenthusiasmfortheglobalAImarketopportunityandimprovingUS-Chinarelations. 这家芯⽚制造商周三成为⾸家市值突破4万亿美元的企业。今年早些时候美国收紧出⼝管制时其股价曾受挫，但由于投资者对全球⼈⼯智能市场机遇的热情以及中美关系改善，股价已实现回升。关注微信公众号180K HuanghassteppeduphiseffortstoplayamorediplomaticrolewithChineseandUSleaders,asNvidiahasbecomecaughtinthemiddleofageopoliticalconflictwhiletryingtoretainapositioninacrucialoverseasmarket. 随着英伟达在试图保持关键海外市场地位的同时陷⼊地缘政治冲突漩涡，⻩仁勋 正加⼤⼒度在中美领导⼈之间扮演更重要的外交⻆⾊。 Nvidia’schiefisseekingtalkswithChina’spremierLiQiang,accordingtooneofthepeople.LiwouldbethemostseniorChineseofficialhehasmettodate. 据⼀位知情⼈⼠称，英伟达⾸席执⾏官正寻求与中国国务院总理李强会晤。这将成为他迄今为⽌会⻅的最⾼级别中国官员。 Ameetingwithvice-premierHeLifeng,whomhepreviouslyhelddiscussionswithinavisittoChinainApril,isalsobeingplanned.SchedulesarenotyetfinalisedandstillsubjecttoapprovalontheChineseside,thepersonadded. 据悉，⻩仁勋还计划与中国国务院副总理何⽴峰会⾯，两⼈曾在今年4⽉⻩仁勋访华期间进⾏过会谈。消息⼈⼠补充称，具体⾏程尚未最终确定，仍需获得中⽅批准。 SpeakingattheComputextechshowinTaiwaninMay,theCEOcondemnedUSexportcontrolsaimedatlimitingChina’saccesstoAIchipsas“afailure”. 今年5⽉在台湾举⾏的台北国际电脑展上，这位⾸席执⾏官曾谴责美国限制中国 获取AI芯⽚的出⼝管制措施"适得其反"。 HesaidtheyhadinspiredChinesecompaniestoacceleratethedevelopmentoftheirownAIproducts.Nvidia’smarketsharehadslippedfrom95percentfouryearsagoto50percent,helamented.ThecompanysaysitcouldbecompetinginaChinaAImarketworth$50bninthenearfuture. 他表示，这些限制措施反⽽激励了中国企业加速⾃主研发AI产品。他感叹英伟达的市场份额已从四年前的95%下滑⾄50%。该公司表示，未来或将在⼀个价值500亿美元的中国AI市场中参与竞争。 HuangisexpectedtoreaffirmNvidia’scommitmenttotheChinesemarketinthefaceofmultipleroundsofexportrestrictionsthathavecauseditbillionsofdollarsinlostbusiness. ⻩仁勋预计将重申英伟达对中国市场的承诺，尽管多轮出⼝限制已导致该公司损失数⼗亿美元的业务。 SalesofthenewproductwillnotcommencebeforeSeptember,asNvidiasoughtassurancesfromtheTrumpadministrationthatitwouldnotbefoundinbreachofnewexportrestrictionsandbannedshortlyafteritsintroduction,saidonepersonwithknowledgeoftheplans.Thechip’sspecificationscouldstillchangedependingontheoutcomeofdiscussionswithWashington. 新产品最早将于9⽉上市。知情⼈⼠透露，英伟达已寻求特朗普政府保证该芯⽚不会违反新出⼝限制，避免上市后遭禁售。该芯⽚规格仍可能根据与美⽅协商结果进⾏调整。 However,Nvidia’sclientsinChinahavebeentestingsamplesofthechipandexpressedinterestinsignificantorders,accordingtothetwopeoplewithknowledgeofthecompany’splans. 两位了解公司计划的⼈⼠表示，中国客户已对芯⽚样品进⾏测试，并表现出⼤规模采购意向。 Althoughitsperformancedoesnotcomparewithtop-of-the-lineproductsfromChineserivals,clientsarewillingtobuybecauseashiftawayfromNvidia’sCudasoftwaresystemtootherswouldsignificantlyincreaseoperatingcosts. 尽管其性能不及中国本⼟顶尖竞品，但由于从英伟达Cuda软件系统迁移⾄其他平台将⼤幅增加运营成本，客户仍愿意采购。 Demandforthechipisnotexpectedtobeashighasforitspreviousproduct,theH20,whichwasineffectbannedinAprilpromptingNvidiainitiallytotakea $5.5bnwritedown. 预计这款芯⽚的需求不会像其前代产品H20那样旺盛。H20芯⽚实际上已在4⽉ 遭禁，这促使英伟达最初计提了55亿美元的减值准备。 ChineseclientshavegrownconcernedabouttheriskofrelyingtoomuchonNvidiaproductsamidUSpolicyuncertainties,accordingtopeopleclosetotheirthinking.LeadingAIplayers,includingAlibaba,ByteDanceandTencent,havebeentestingalternativesfromlocalproducers. 据知情⼈⼠透露，由于美国政策的不确定性，中国客户对过度依赖英伟达产品的 ⻛险⽇益担忧。包括阿⾥巴巴、字节跳动和腾讯在内的头部⼈⼯智能企业已开始测试本⼟⼚商的替代产品。 推荐阅读 Recommended FTFilm Nvidia’sriseintheageofAI|FTFilm 英伟达在⼈⼯智能时代的崛起|FTFilm LaunchinganewChinaproductandensuringuninterrupteddeliverywouldrequirebuildingalargeinventory,posingfinancialriskstoNvidiaifexportpoliciesremainuncertain. Premium优质 推出针对中国市场的新产品并确保不间断供货，需要建⽴⼤量库存，若出⼝政策持续不明朗，将给英伟达带来财务⻛险。 ChinaisNvidia’sfourth-largestmarket,witharevenuebase