On May 29, CNBC reported that during an earnings call, NVIDIA CEO Jensen Huang disclosed that the company stood to lose billions of dollars due to restrictions preventing the sale of related products to China. Huang critiqued the U.S. government's export control measures, asserting that they have detrimentally impacted both NVIDIA and the United States. He highlighted that China's progression towards independent chip and technology research and development would persist, irrespective of whether NVIDIA supplies chips. Huang emphasized that the U.S. policy, which is predicated on the misconception that China is incapable of manufacturing AI chips, is flawed, as China already possesses AI capabilities.
