Pat Gelsinger, CEO of Intel, recently travelled to China to attend the company’s Sustainable Development Summit Forum. During his visit, Pat stated that China is very important to them and one of the largest markets in the tech world. While the United States and its allies have imposed major technology sanctions on China, major technology companies are still operating within the country due to the enormous market potential.
NVIDIA and AMD continue to offer server and consumer-level products to Chinese players, and during Intel CEO Pat Gelsinger’s recent visit, he defended China as one of the world’s largest markets.
On April 12th, Intel’s CEO attended the Sustainable Development Summit Forum, which was hosted by the Blue team in Beijing.
Pat had previously visited China, but this was his first trip as the company’s CEO. The event’s main goal was to transition to 100% renewable electricity by 2030 and achieve net-zero greenhouse emissions by 2040. By funding external water body restoration projects in China, Intel will also meet a goal of saving 60 billion gallons of water.
Pat later mentioned in his speech that he was very optimistic about the Chinese market and that the growth in China looks very exciting from a technological standpoint. China currently has 5.2 million data centre racks deployed across the country, representing a 30% annual growth rate over the last five years, with this figure expected to rise to 6.7 million units by the end of 2022. Furthermore, the entire data centre industry accounts for 2.6% of total electricity consumption in the country.
Biren Tech, a Chinese startup, recently saw its co-founder leave the company for a variety of reasons, one of which was the company’s inability to use TSMC to manufacture its chip, which was intended to compete with NVIDIA and assist China’s military and data centre segments.
However, NVIDIA, Intel, and AMD have reworked their chips so that they can be sold in China while also meeting US requirements. Those chips are still in high demand as China’s tech sector expands, and it’s an opportunity no one wants to pass up.
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