Nvidia CEO Jensen Huang called U.S. export controls on advanced chip sales to China a “failure,” arguing they have accelerated China’s push for AI independence. According to The Wall Street Journal, Huang said the restrictions cost Nvidia market share and fueled Chinese innovation through government backing. The Biden administration imposed restrictions on U.S. chip sales to China over national security concerns, heavily impacting Nvidia’s AI chip business. Many curbs remain under Trump, who added a new restriction in April, prompting Nvidia to take a $5.5 billion charge. Huang noted that China is the world’s second-largest computer market and could become a $50 billion AI market next year, generating U.S. tax revenue and jobs. Huang praised Trump for rescinding the AI diffusion rule that would have capped global AI chip sales.
