Nvidia (NVDA.US) CEO Jensen Huang stated that the company is evaluating how to deal with the Chinese market following the U.S. government's restriction on the sale of its Hopper H20 chips in China, according to foreign media reports. Huang revealed that the company will not launch another version of the Hopper series for the Chinese market, as the Hopper series can no longer be modified. Related NewsCN Grants Export Licenses to At Least 4 Rare Earth Material Producers for First Time Since Apr: WireNvidia plans to introduce a downgraded version of the H20 chip for the Chinese market within the next two months, according to earlier Reuters report. The previous AI export regulations by the U.S. government were incorrect, opined Huang, saying it should focus on maximizing the impact of American technology globally instead.As of the fiscal year ending January 26, China contributed US$17 billion in sales to Nvidia, accounting for 13% of the company's overall sales. (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)Related NewsJensen Huang: No Evidence of Nvidia AI Chips Flowing into CN