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Nvidia CEO hails Trump's plan to rescind some export curbs on AI chips to China

  • Nvidia CEO Jensen Huang praised President Trump's plan to rescind export controls on AI chips to China at the Computex 2025 tech event in Taipei on May 22, 2025.
  • The Biden administration's AI diffusion rule had blocked advanced AI chip exports to China, causing Nvidia's market share there to drop from 95% to 50% and billions in lost sales.
  • Huang stated the export controls were a failure that pushed Chinese companies to innovate locally, while also noting China houses half the world's AI researchers and a $50 billion AI market next year.
  • Huang stated that the original premises underpinning the AI diffusion rule were deeply flawed and emphasized that the U.S. Should accelerate the spread of AI technology to sustain its leadership position.
  • The reversal of export curbs suggests a shift toward a global licensing regime and indicates that isolating China has not effectively contained AI competition.
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Nvidia CEO praises Trump move to scrap some AI export curbs

U.S. export controls on artificial intelligence chips to China were "a failure" as they have cost American companies billions of dollars in lost sales, Nvidia Chief Executive Jensen Huang said on Wednesday.

·United Kingdom
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Market Screener broke the news in on Wednesday, May 21, 2025.
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