Jensen Huang, the chipmaker’s top executive, said the attempt to cut off the flow of advanced A.I. chips spurred Chinese companies to “accelerate their development.”

Nvidia (NASDAQ:NVDA) is preparing to launch a new AI chip for China in the coming months that complies with U.S. export controls, according to Nikkei Asia. The upcoming chip will be a downgraded version from its

Nvidia CEO Jensen Huang criticized U.S. export controls blocking the sale of its AI chips to China. Last month, the chipmaker noted a $5.5 billion write-down to its inventory, after the U.S. demanded companies get a license to sell their AI chips to China.