A partner at a Chinese semiconductor investment fund has welcomed the U.S. government's ban of certain advanced chip types to be exported to China, describing the move as "great news" which may stimulate a domestic ecosystem.
Nvidia's H100 chip, used by AI firms in the U.S., was banned for sale in earlier U.S. government restrictions.
Wang said the fund invests in semiconductor companies, including those in the AI training and autonomous vehicle sectors.
One AI chip company Yang Cheng has invested in will launch its initial public offering this year, while a Shanghai-based AI chip firm is valued at more than $3 billion, Wang added, though she didn't name the firms.
"We believe those kind of upstream chipmakers — they will drive, or they will play the leading role in China, and they will create their own ecosystem," Wang added.
Persons:
Chloe Wang, Yang Cheng, Wang, Nvidia
Organizations:
U.S, CNBC's East Tech West, U.S . Department of Commerce
Locations:
China, Guangzhou, Nansha, U.S, Shanghai