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The funding round also saw participation from existing investor MediaTek, AM Intelligence Labs and Intel Capital, among others.
Nvidia, which last agreed to invest $5 billion in Intel, currently holds the market lead for GPUs used by data centers.
The new chip, which is tentatively called as B30A, will be single die in nature.
The US government has assured Nvidia that licenses for the H20 AI chips will be granted, and it hopes to start deliveries soon, it said in a blog post.
