Further cementing China’s position, Jensen Huang, the CEO of Nvidia, emphasized China’s importance to the worldwide AI ecosystem. He recently shared this account at the My Congressth ishopen conference in Washington, D.C. He cautioned that should the company be shut out of the Chinese AI market, it risks huge topline losses. Given that the U.S. For example, Nvidia—that dominant supplier of generative AI’s engine: graphics processing units (GPUs)—has seen its stock market capitalization skyrocket to almost $3 trillion. Much of this incredible expansion is a result of the unprecedented demand for AI technology.
Yet, at the heart of his remarks, Huang proclaimed that, one way or another, China is “not behind” in artificial intelligence. He highlighted the capabilities of Chinese tech giants, particularly Huawei, which he described as “one of the most formidable technology companies in the world.” Yet his comments come just as Nvidia faces its own regulatory troubles. The Trump administration-era restrictions now mean that H20 chips shipped to Chinese fabless customers would need a license.
Huang said that these limitations risk stifling business and job growth. He focused in particular on how much selling into China could bring in. In addition, this step would dramatically increase tax revenues and create millions of new, good-paying American jobs. He remarked, “The world is right now hungry, anxious to engage AI,” underscoring the global appetite for advancements in this sector.
In an interview with CNBC’s Jon Fortt, Huang noted that Nvidia must “stay agile” in response to changing market conditions and regulatory landscapes. He underscored that the company would support policies that are in the best interest of the nation. The state says they are fully committed to steering through these tough headwinds.
Nvidia has already experienced the loss of business that presently imposed limitations have wrought. In reply, the semiconductor maker revealed a whopper of a $5.5 billion quarterly write down due to its inability to export H20 processors to China. This financial setback underscores the potential consequences of ongoing trade tensions and regulatory challenges facing technology firms operating on a global scale.
These observations were made by Huang in an interview at ServiceNow’s Knowledge 2025 conference in Las Vegas. He was on stage with ServiceNow’s CEO Bill McDermott. The discussion reflected a growing concern among tech leaders about the implications of geopolitical dynamics on innovation and economic growth.