Nvidia CEO Jensen Huang Says He's Disappointed By China Chip Curbs
The CEO of Nvidia, which faces tight restrictions on selling its chips to China amid the US-China battle over trade and tech, said he's disappointed about the situation.
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London:
Nvidia's Chief Executive Officer expressed disappointment regarding the restrictions on selling the company's chips to China amidst ongoing US-China trade and technology tensions.
Jensen Huang mentioned he anticipates discussing recent developments with President Donald Trump during a state banquet hosted by the British government scheduled for Wednesday evening, which both will attend.
Based in Santa Clara, California, Nvidia, now the world's most valuable company, faces restrictions on exporting its advanced chips to China, products which are highly sought after for artificial intelligence development. This week, Chinese regulators additionally targeted the company with antitrust allegations related to its 2020 acquisition of an Israeli technology firm.
Further complicating matters, the Financial Times reported Wednesday, citing anonymous sources, that China's internet regulatory body is prohibiting domestic technology companies from purchasing a specific Nvidia chip model designed for the Chinese market.
When questioned about this report at a media briefing in London, Jensen Huang stated he had no immediate reaction but noted, "I think that we could only be in service of a market if the country wants us to be."
China represents the second largest AI computing market globally, and Nvidia has been a significant contributor to this sector, according to Huang.
"I'm disappointed with what I see, but they have larger agendas to work out, you know, between China and the United States, and I'm understanding of that, and we're patient about it," he remarked.
Huang indicated that the company will continue supporting both governments as they "sort through these geopolitical policies," adding there's "not very much anxiety there."
The CEO mentioned he hasn't yet discussed recent developments with Trump, "but I'll see him tonight, and he'll probably ask me. I'll probably say something similar."
Nvidia's mission is to "serve those markets the best we can, if we can," Huang explained. "There are a lot of places we can't go to. And it's fine."
The CEO is visiting London concurrently with Trump to announce several new investments coinciding with the president's visit, including an agreement to supply tens of thousands of processor chips for data centers that will form part of the UK branch of Stargate, a Trump-backed AI infrastructure initiative led by OpenAI.