Jensen Huang, CEO of Nvidia, criticized U.S. export controls on AI chip sales to China, claiming they have failed and prompted a surge in local Chinese semiconductor innovation. He highlighted that local companies like Huawei are quickly adapting, which has significantly reduced Nvidia's market share in China from nearly 95% to 50%. Huang supports the notion that U.S. restrictions have inadvertently energized China's tech development, while he also praised former President Trump's understanding of the international competitive landscape in AI.
Nvidia chief executive Jensen Huang noted, 'I think, all in all, the export control was a failure,' emphasizing that U.S. restrictions pushed China to strengthen its local talent in AI technology.
Huang mentioned that the export controls led to a decline in Nvidia's share of China's AI chip market, dropping from nearly 95% to 50% during Biden's administration.
Huang praised Trump's approach, asserting that 'President Trump realizes it's exactly the wrong goal' to hinder U.S. providers from competing internationally in AI technology.
Huang emphasized, 'The local companies are very, very talented and very determined,' noting that U.S. export controls have inadvertently fueled China's semiconductor innovation.
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