TSMC is currently prohibited from producing advanced processors for China, as it uses American chipmaking tools, and hence falls under the purview of recent sanctions

The server chip will likely focus on running AI models, also known as inference, rather than in training AI models, where Nvidia is dominant

The US memory chip giant has partnered with local telco firm Indosat as it looks to expand in the key region

Chinese carmakers are turning to Nvidia for advanced technology in an effort to compensate for what they currently lack in global brand recognition

Thanks to artificial intelligence tools like ChatGPT, Nvidia’s valuation has rocketed from $1 trillion to more than $2 trillion in just nine months

Nvidia’s chief executive said AI can already pass legal bar exams and could be able to tackle specialised medical tests in five years’ time

The firm consolidated its position as the US’s third most valuable firm after its market valuation jumped from $1 trillion in just eight months

Chinese cloud firms have previously told Nvidia they don’t want its slower AI chips and that they would prefer using homegrown chips from companies such as Huawei

Local governments in Shanghai and Anhui will fund a variety of semiconductor-related projects this year — ranging from the development of DRAM chips to building facilities for chipmaking and its tools

US-listed shares of the chip designer, seen as benefitting from investors' hunt for the "next Nvidia", have surged more than 95% in just the last seven trading sessions alone

"If you just assume that computers never get any faster, you might come to the conclusion we need 14 different planets and three different galaxies and you know four more Suns to fuel all this."

China's fast-growing electric vehicle market is set to be the key battleground for the chip makers