Jensen Huang, CEO of Nvidia, criticized US chip export controls at a tech forum, stating they have backfired by invigorating Chinese AI developers rather than hampering them. He highlighted that China boasts a robust technology ecosystem and half of the world's AI researchers. Huang revealed Nvidia has suffered billions in lost sales due to these restrictions, with their market share in China significantly dropping from 95% to 50%. His recent visit to Beijing, amid tightening US regulations, underscores the growing tensions in tech between the two superpowers.
Huang noted that the export controls have instead spurred on Chinese developers, affirming that they are very talented and determined, leveraging support from their government.
Nvidia, impacted by US chip export controls, has written off billions in sales, with its share in China's AI chip market falling from nearly 95% to 50%.
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