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Nvidia CEO says being locked out of China AI market would be 'tremendous loss'

  • On May 6, 2025, Jensen Huang, CEO of Nvidia, expressed that being excluded from China's AI market because of U.S. Export restrictions would represent a significant setback for the company.
  • The U.S. Government expanded export controls last month, limiting shipments of Nvidia's H20 AI chips tailored for China without a license, impacting Nvidia's market access.
  • Nvidia recently took a $5.5 billion quarterly write-off related to the H20 chip restrictions, while China accounted for about 14% or $17.1 billion of its revenue last year.
  • Huang noted China's AI market could grow to roughly $50 billion within two to three years and emphasized that selling there would bring back U.S. Revenue, taxes, and create jobs.
  • The restrictions suggest Nvidia’s historic growth may slow as the company remains flexible with policies but warns losing China could damage U.S. Economic and national security interests.
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Bloomberg broke the news in United States on Tuesday, May 6, 2025.
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