Jensen Huang says U.S. chip restrictions have cut Nvidia's China market share nearly in half

Nvidia CEO Jensen Huang said overnight that U.S. chip export controls are a "failure" and warned that the restrictions are doing more damage to American business than to China. Huang said in a press conference at Computex, an artificial intelligence exhibition in Taiwan, that the policies have cut the AI chip leader's China market share from 95% to 50% and motivated Beijing to make its own chips faster. Huang's comments came as the truce between the U.S. and China over tariffs and semiconductors continues to be delicate. The Chinese Commerce Ministry responded to the Trump administration's recent chip policy change on Monday, calling the U.S. policy "overreaching" and "bullying," and demanding that the White House "correct its mistakes." "The U.S. abuses export control measures, imposing unjustified restrictions on Chinese chip products and even interfering with Chinese companies' use of domestically produced chips within China," the ministry said. The White House scrapped the tie ... Read full article.