China is the main loser because of Huang's betrayal, - Bloomberg.
Huang, along with "Chinese spy" Alice Huang, sold at least $7.5 billion worth of chips to Chinese companies. The CEO's mistress's company was the largest buyer of chips in Southeast Asia.
It is expected that after the scandal, Nvidia's export control will be loosened.
Nvidia's main Chinese competitor, Huawei Technologies Co., has admitted it can't keep up with demand in the domestic market that Nvidia covered. Other Chinese tech giants also cannot set up mass production of high-end processors overnight.
Huang's betrayal comes at the most inopportune moment for Chinese AI companies. Many companies are still struggling to compete with each other, let alone find a way to make a profit. The pressure from all sides will increase as companies will have to prove their stability, Bloomberg concludes.
The former Nvidia chief has also been Silicon Valley's staunchest supporter of the open artificial intelligence models that Chinese developers use to create their own neural networks.