U.S. chip restrictions have cut Nvidia’s China market share nearly in half
Nvidia CEO Jensen Huang said overnight that U.S. chip export controls are a “failure” and warned that the restrictions are doing more damage to American business than to China.
Huang said in a news conference at Computex, an artificial intelligence trade show in Taiwan, that the policies have cut the AI chip leader’s China market share from 95% to 50% and motivated Beijing to make its own chips faster.
Huang’s comments came as the truce between the U.S. and China over tariffs and semiconductors continues to be delicate.
The Chinese Commerce Ministry responded to the Trump administration’s recent chip policy change on Monday, calling the U.S. policy “overreaching” and “bullying,” and demanding the White House “correct its mistakes.”
“The U.S. abuses export control measures, imposing unjustified restrictions on Chinese chip products and even interfering with Chinese companies’ use of domestically produced chips within China,” the ministry said.
The White House scrapped the tiered “AI Diffusion Rule” rolled out by former President Joe Biden in January and promised to fully replace it in the future.
Nvidia is stuck in the middle, with Huang maintaining relationships with both sides in a deepening tech cold war.
Source: CNBC
