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Nvidia reportedly plans to reenter the China AI chip market with a processor called the B40, a supplier said Thursday.

ZJK announced it will ramp up the production of AI hardware and critical parts to support Nvidia's B40 Project.

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Shares of ZJK Industrial climbed after the company said it is ramping up production to meet growing demand from Nvidia's B40 project. The stock jumped 12%, to $5.40, in morning trading Thursday.