Nvidia CEO Warns of 'Tremendous Loss' from U.S. Export Restrictions, Cites Huawei's AI Chip Development and $5.5B Charge

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Updated May 7, 2025, 12:16 AM

Nvidia Corp. CEO Jensen Huang has expressed concerns over U.S. export restrictions on AI chips to China, warning that such measures could lead to a 'tremendous loss' for the company and the U.S. AI industry. Huang highlighted that the Chinese AI market is expected to reach $50 billion in the next few years, underscoring the significant opportunity being missed.

Huang emphasized that Nvidia's inability to sell into the Chinese market would not only affect the company's revenue but also hinder the creation of jobs in the U.S. He suggested that without Nvidia's presence, competitors like Huawei, which is developing its own AI chips, could dominate the market, potentially leading to a shift in global AI leadership. Nvidia has reported a $5.5 billion charge due to these restrictions.

Speaking at the Milken Institute Conference and the ServiceNow Knowledge 2025, Huang discussed the broader implications of AI development, noting that every job will be affected by the technology. He advocated for the U.S. to adopt a national strategy to retrain workers and secure a lead in the global AI race, citing the rapid advancements being made by Chinese companies. Huang also mentioned the Trump administration's restrictions on Nvidia's H20 chips to China.

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Sources

cnbc.com(3)finance.yahoo.com(3)milkeninstitute.org(2)yna.co.kr

Wind Info

@WindInfoUS

Nvidia CEO Jensen Huang said at the ServiceNow Knowledge 2025 conference that China's AI market could hit USD 50 billion in 2-3 years. Missing it would be a "huge loss," he warned, as sales to China drive revenue, taxes, and U.S. jobs. His solution? He also believed that the best https://t.co/JJEQAef5Lt

연합뉴스

@yonhaptweet

Jensen Huang “China's AI chip market is $50 billion within a few years... Huawei will take over” https://t.co/z5UhBpfWQA

CNBC's Closing Bell

@CNBCClosingBell

"We're effectively just handing the entire AI market in China over to Huawei by not allowing Nvidia to compete there," says @BernsteinRasgon https://t.co/Tg8f4UJoig