Copyright indiatimes
PTINvidia CEO Jensen Huang is embracing President Trump as the chipmaker company seeks to balance complicated geopolitical tensions while maintaining its dominant role in the AI world. Nvidia CEO Jensen Huang has warned the US government that America cannot win the AI battle if the world, if China fully excludes Nvidia from its vast developer ecosystem. He was speaking at first Nvidia's developers conference. Huang highlighted how Beijing has effectively shut down Nvidia’s operations in China and urged US policymakers to rethink restrictions that could make Nvidia lose half of the world’s AI talent to Chinese rivals.Last week, Trump said most advanced Nvidia (NVDA) chips will be reserved for US companies and kept out of China and other countries. "The most advanced, we will not let anybody have them other than the United States," Trump said.China will suspend additional export controls on rare earth metals and end investigations into US chip companies, according to the release. Meanwhile, the US will pause some of Trump’s "reciprocal tariffs" on China for another year and will halt plans to slap a 100% tariff on Chinese exports to the US that was set to take effect this month.ALSO READ: Who is Alexis Wilkins? FBI chief Kash Patel’s Girlfriend who faces explosive allegations of being an Israeli spyNvidia's CEO big warning on AI"They've made it very clear that they don't want Nvidia to be there right now," Nvidia CEO Jensen Huang said at the news conference, revealing that the company has not even applied for US export licenses for its latest chips due to Beijing’s hostile stance. Speaking at the GTC conference, Huang said he hopes the situation changes, calling China “a very important market.” He further warned that US policies isolating China’s developers could hurt America more in the long run and weaken Nvidia’s role in global AI infrastructure.Time and again, Nvidia CEO has voiced his concerns about shrinking Nvidia's market share in China. At a Citadel Securities event in New York earlier this month, he said the company has been banned from selling its high-performance AI chips — including the A100, H100, and H200 models — to Chinese firms since 2022. As a result, Nvidia’s share in China’s advanced chip market has plunged from 95% to zero.Live EventsBut despite these challenges, the chipmaker giant reported $500 billion in bookings for advanced chips and announced seven new supercomputers for the U.S. Department of Energy (DOE). The largest system, built with Oracle and powered by 100,000 Blackwell chips, will support nuclear maintenance, fusion energy research, and other national projects.ALSO READ: JPMorgan's Jamie Dimon invoked Steve Jobs to 'warn' employees on 'work from home', says 'creativity comes from...'Nvidia CEO praises TrumpNvidia CEO Jensen Huang is embracing President Trump as the chipmaker company seeks to balance complicated geopolitical tensions while maintaining its dominant role in the AI world. In the first nine months of the administration, Huang has developed a strong relationship with the president that has proved key to navigating an on-again, off-again trade war between the US and China, according to The Hill.“Who the hell is he? What’s his name?” Trump said in July, recounting when he first learned of Huang. “His name is Jensen Huang of Nvidia. I said, ‘What the hell is Nvidia?’” Nvidia, which originated as a chipmaker for video games, has seen its profile and market value explode over the past few years as its chips became integral to the AI boom. Jensen Huang praised Trump, crediting his “America First” policies for reviving US manufacturing. He noted that Nvidia’s chips are now produced in Arizona by TSMC, servers assembled in Texas, and networking gear made in California. “Putting the weight of the nation behind pro-energy growth completely changed the game,” Huang said.ALSO READ: Goldman Sachs CEO David Solomon joins JPMorgan’s Jamie Dimon and warns about US national debt problem, says 'should be concerned'The two have publicly traded compliments in recent months, with the president lauding the Nvidia chief as a “brilliant man” and Huang calling Trump “America’s unique advantage.” “No one works harder. No one,” Huang said of Trump during a question-and-answer session with reporters Tuesday. “One-hundred percent of his phone calls to me are at 10:30 at night, his time, not my time. And this president is working like mad to help America be great and for America to win.” The Nvidia CEO spoke openly about his relationship with the U.S. administration, saying it is important for industry leaders to guide policymakers in Washington because technology now plays a major role in politics and global affairs.“It’s a completely new adventure for me, but I come with only one purpose, only, which is to inform and to be in service of the president as he thinks about how to make America great and do the best thing for America,” Huang said.ALSO READ: JPMorgan CEO Jamie Dimon's fiery response at employees’ work from home petition, says 'not making fun of Zoom but...'Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onnvidia ceo Jensen HuangNvidia AI warningJensen Huang AINvidia advanced chipsChina Nvidia operationsUS export licenses NvidiaNvidia supercomputers Department of EnergyNvidia market share ChinaTrump Nvidia relationshipNvidia (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onnvidia ceo Jensen HuangNvidia AI warningJensen Huang AINvidia advanced chipsChina Nvidia operationsUS export licenses NvidiaNvidia supercomputers Department of EnergyNvidia market share ChinaTrump Nvidia relationshipNvidia(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Explore More Stories123
