Chinese automakers and chip companies are accelerating efforts to replace products from Nvidia (NASDAQ:NVDA) and other foreign chip leaders in automotive applications, fearing that further U.S. export restrictions could derail the development of self-driving and related technologies.
Xpeng (NYSE:XPEV) and Nio (NYSE:NIO), two emerging car companies supplied by Nvidia, are reducing their reliance on the U.S. AI titan by developing their chips for smart driving, Nikkei Asia reported on Wednesday.
