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5h ago

Nvidia CEO Criticizes U.S. AI Chip Export Controls During Beijing Visit

Jensen Huang argues the restrictions have backfired, strengthening China’s domestic AI chip industry, as he meets Chinese officials to discuss future cooperation.

Men use their phones during the Saudi-US Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025.
US President Donald Trump, Saudi Crown Prince Mohammed Bin Salman and others listen during a Saudi-US investment forum at the King Abdul Aziz International Conference Center on May 13, 2025, in Riyadh, Saudi Arabia.

Overview

  • Jensen Huang, Nvidia's CEO, called U.S. export controls on AI chips to China a 'failure,' claiming they have accelerated China's AI development rather than curbing it.
  • Nvidia’s market share in China has dropped from 95% in 2021 to 50%, with a $5.5 billion write-down due to recent restrictions on its H20 chip.
  • China’s Commerce Ministry has condemned the U.S. policies as 'bullying' and threatened legal action against entities enforcing the restrictions.
  • Huang praised the Trump administration’s repeal of the Biden-era AI diffusion rule, which has enabled Nvidia to secure major chip deals in the Middle East.
  • During a visit to Beijing, Huang met with Chinese trade officials to explore ways to maintain Nvidia's presence in the Chinese market despite ongoing U.S. export restrictions.