The U.S. semiconductor industry has faced a significant setback with new restrictions on selling advanced computer chips to China, impacting major companies like Nvidia, AMD, and Intel. Jensen Huang, CEO of Nvidia, attempted to advocate for the industry directly to President Trump, but the administration's recent measures have effectively diminished U.S. businesses' market prospects in China. Shares for these companies have dropped sharply, and industry experts predict that Chinese chipmakers may dominate the market by 2030, reflecting a broader reorganization of global economic relations driven by U.S.-China tensions.
The fallout has set off a scramble among chipmakers to reset expectations for a future with less sales to China and prompted fears that their retreat could turn the Chinese tech giant Huawei into a global chip-making powerhouse.
The Trump administration said on Tuesday it was taking measures to restrict the sale of A.I. chips by Nvidia, Advanced Micro Devices and Intel.
For the U.S. semiconductor industry, China is gone, said Handel Jones, a semiconductor consultant at International Business Strategies, which advises electronics companies.
He projects that Chinese companies will have a majority share of chips in every major category in China by 2030.
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