Nvidia Will Use Arizona Fabs To Make GPUs Says CEO
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Chip designer NVIDIA Corporation will use Intel Corporation's Arizona chip manufacturing facilities to manufacture its chip products, according to the firm's chief executive officer Mr. Jen-hsun Huang. The executive made the comments in an interview with CNBC, as his firm rides the hype train following the massive success of ChatGPT with the general public and firms alike. NVIDIA's products sit at the heart of the artificial intelligence powered chatbot, which uses existing data sets to generate life-like responses to queries.
Mr. Huang's interview with CNBC covered his firm's early bet on artificial intelligence and deep learning, which saw skepticism all around, including Wall Street. Since then, NVIDIA has come a long way, and its products are used in various applications such as ChatGPT, healthcare and even supercomputers.
The growth in popularity of ChatGPT has boosted sentiment in NVIDIA right at the time the firm is struggling financially due to weak macroeconomic conditions affecting the personal computing market. For NVIDIA, the troubles are two-fold, as it has to deal with reduced demand for its gaming graphics processing units from gamers and cryptocurrency miners in the wake of last year's market crash.
NVIDIA's latest earnings report for its fourth quarter of the fiscal year 2023 saw the firm report $1.8 billion in gaming revenues for the quarter, which marked a strong 46% annual drop. At the same time, in a small silver lining, the gaming revenues grew by 16% quarter over quarter, for the second strongest growth performance across NVIDIA's five business units.
The growth in
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