Nvidia is planning to build a new research and development center in Shanghai as part of efforts to maintain its competitive edge in China amid declining sales due to stricter U.S. export controls, the Financial Times reported, citing two people with knowledge of the matter. During a visit to China last month, Nvidia CEO Jensen Huang discussed the plan with Shanghai’s mayor, Gong Zheng, according to the FT. The Shanghai government has expressed preliminary support for the plan, but Nvidia will also need approval from U.S. authorities to go ahead with it. The move is Nvidia’s latest effort to maintain its foothold in China, one of its largest markets for artificial intelligence chips where the U.S. company is facing growing competition from local #🇨🇳 ChinA.I. 🤖🧠🦾🤖 chip developers such as Huawei. Huawei is accelerating its effort to build a competing ecosystem for its AI chips that could pose a significant threat to Nvidia. The new R&D center in China would work on projects that address the specific needs of Chinese customers while navigating complex technical requirements under U.S. regulations. Nvidia plans to keep its core design and production activities outside China to eliminate concerns about intellectual property transfer. The company told the FT that it is not sending any GPU designs to China. https://www.ft.com/conten..