Nvidia CEO Warns Export Curbs Cost $10 Billion Revenue China AI Advances

Nvidia CEO Jensen Huang has voiced concerns about U.S. export restrictions on advanced AI chips to China, highlighting significant financial losses and strategic risks for American tech leadership. The export curbs, particularly on Nvidia's H20 chips, have forced the company to halt shipments to China, resulting in billions in lost revenue and inventory write-downs. Huang warned that these policies, based on assumptions that China cannot produce competitive AI chips, are flawed as Chinese firms like Huawei rapidly advance, narrowing the technology gap and developing chips matching Nvidia's performance. He emphasized the importance of engaging with China due to its large base of AI developers and researchers, arguing that restricting exports only drives innovation and talent toward foreign competitors and domestic Chinese alternatives. Despite his criticisms of the export controls, Huang expressed trust in President Trump's broader vision for reshoring manufacturing and national security. Nvidia continues to seek dialogue with the U.S. government to find a balanced approach that supports U.S. competitiveness without ceding ground in the global AI market.