Nvidia CEO Jensen Huang says U.S. export restrictions have completely wiped out the company’s presence in China, reducing its market share there from 95% to zero.
Speaking in an interview with Citadel Securities, Huang said the U.S. government’s tough trade measures against China have «essentially closed» the Chinese market to Nvidia — once one of its most profitable regions.
«We went from 95% market share to 0%. I can’t imagine any policymaker thinking that’s a good idea,» Huang said.
He warned that Washington’s chip restrictions could hurt U.S. innovation more than China’s technological ambitions.