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Posted:
Nvidia doesnât think the U.S. will backpedal its chip export restrictions to China anytime soon.
The chipmaker is so convinced of that fact that itâs not going to include the Chinese market in its revenue and profit forecasts, CEO Jensen Huang told CNN on Thursday.
Huang said heâs not counting on the Trump administration reversing its chip export controls and that it would be a nice âbonusâ if they did.
The Trump administration introduced licensing requirements for Nvidiaâs H20 chips, the most advanced AI chip it could sell to China, in April. In its first-quarter results, the company said these restrictions would result in an $8 billion hit to its revenue in the second quarter.
When contacted about this development, a Nvidia spokesperson pointed to remarks Huang made about China on the companyâs Q1 earnings call.
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