Overview

• Jensen Huang labeled U.S. export controls on AI chips to China a 'failure,' stating they have accelerated China's domestic chip development rather than curbing it.
• Nvidia's market share in China has dropped from 95% in 2021 to 50%, with the company incurring a $5.5 billion writedown due to recent restrictions on its H20 chip.
• Huang highlighted China’s projected $50 billion AI market in 2025 as a significant missed opportunity for U.S. companies and tax revenue.
• The Trump administration’s rescission of the Biden-era AI diffusion rule has enabled Nvidia to secure major chip deals in the Middle East, but ongoing export curbs remain a challenge.
• China’s commerce ministry condemned the export controls as 'unilateral bullying,' warning of potential legal violations for enforcing such measures.