“Huawei is one of the most formidable corporations in the world. If we do not supply them with (AI semiconductors), they will take that place.”
Jensen Huang, chief executive officer (CEO) of American artificial intelligence (AI) chip leader Nvidia, expressed his criticisms of the U.S. government policy that bans the export of Nvidia chips while forecasting explosive growth in AI chip demand in China.
During the 'Milken Conference 2025' held in Los Angeles on the 6th (local time), CEO Huang noted that “there is logic in (the U.S. government) restricting access to technology for economic or national security reasons, but they will still secure (AI semiconductors) through the computing resources they already possess.”
He added, “If we do not supply products to the (Chinese) market and completely withdraw, someone else will take that place,” stating, “For example, Huawei is one of the most formidable corporations in the world, and they will take that place.”
CEO Huang also mentioned, “While our exports to China are limited, the Chinese market will likely reach about $50 billion (approximately 69 trillion won) in a few years,” stating, “The market we are missing is incredibly vast.”
He further emphasized, “This is the business opportunity we could have enjoyed,” asserting that if such revenue could be brought back to the U.S., “we could receive tax refunds in dollars, create jobs, and advance our technology much further.”
CEO Huang's comments appear to express dissatisfaction with the fact that the company's AI chip exports to China are effectively under complete control. Nvidia holds 90% of the advanced AI chip market but is blocked from selling to China due to U.S. export restrictions. Last month, the Trump administration also restricted exports to China of lower-spec H20 chips that perform worse than the high-performance 'H100' chips.