Wed, 21 May 2025

Wed, 21 May 2025 Nvidia boss calls US chip policy a 'failure'

His comments come as the White House says it will overhaul rules restricting sales of advanced chips.

* Nvidia boss Jensen Huang called US export rules blocking advanced computing chips to China a "failure" and said they were backfiring against American companies.
* The Trump administration dropped rules blocking exports to China entirely, but restricted sales to dozens of other countries.
* During Biden's presidency, Nvidia's share of the Chinese market dropped from 95% to 50%, due to US export restrictions.
* Huang argued that the restrictions had pushed Chinese companies toward home-grown alternatives and spurred investment in the industry.
* The US is trying to balance global business interests with economic and national security concerns, amid tensions with China.
* The White House has tightened restrictions in other ways, including imposing new licensing requirements for exports of certain Nvidia chips.
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