NVIDIA CEO Jensen Huang: The Chinese AI chip market is expected to reach $50 billion in the next few years, and the absence of American companies will result in significant losses
NVIDIA CEO Jensen Huang stated that the scale of China's artificial intelligence (AI) chip market is expected to reach $50 billion in the coming years, making it crucial for American companies to enter this market. In an interview, Huang said, "For an American company, not being able to enter this market would be a huge loss. It can bring revenue and taxes, and also create a large number of jobs in the U.S." Currently, Huang is lobbying the U.S. government against further tightening restrictions that would hinder NVIDIA and its peers from entering the Chinese market. China is the largest semiconductor market in the world. Huang believes that such measures would actually harm U.S. national security and go against the original intentions of the U.S. government. Recent escalations in restrictions have led NVIDIA to account for a $5.5 billion loss related to the H20 chip. The H20 is a chip designed by NVIDIA specifically for the Chinese market. Currently, NVIDIA needs to obtain special permission from U.S. regulators to ship to Chinese customers. Huang stated, "The best practice is to let Americans leverage their strengths to compete for and win this market. The world craves AI, so let's showcase America's AI to everyone."
According to Zhitong Finance APP, NVIDIA (NVDA.US) CEO Jensen Huang stated that the scale of China's artificial intelligence (AI) chip market is expected to reach $50 billion in the coming years, making it crucial for American companies to enter this market. In an interview, Huang said, "For an American company, not being able to enter this market would be a huge loss. It can bring revenue and taxes, and also create a large number of jobs in the United States."
Currently, Huang is lobbying the U.S. government against further tightening restrictions that would hinder NVIDIA and its peers from entering the Chinese market. China is the largest semiconductor market in the world. Huang believes that such measures would actually harm U.S. national security and go against the original intentions of the U.S. government.
Recent escalations in U.S. restrictions have led NVIDIA to account for a $5.5 billion loss related to the H20 chip. The H20 is a chip specifically designed by NVIDIA for the Chinese market. Currently, NVIDIA needs to obtain special permission from U.S. regulators to ship to Chinese customers. Huang stated, "The best approach is for Americans to leverage their strengths to compete for and win this market. The world is eager for AI, so let's showcase American AI to everyone."
