Nvidia’s Jensen Huang thinks U.S. chip curbs failed — and he’s not alone

Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty Images Replacing Nvidia is a tall order. While Chinese competitors are years behind the company's cutting-edge technology, many analysts and insiders warn they are catching up, thanks to U.S. export restrictions. U.S. chip restrictions on the sale of advanced semiconductor technology, especially those used in artificial intelligence, have been rolled out over several years, with the initial aim of curbing China's military advancement and protecting US dominance in the AI industry. However, according to Nvidia CEO Jensen Huang, U.S. semiconductor export controls on China have been "a failure," causing more harm to American businesses than to China. While the goals of cutting back the Chinese military's access to advanced U.S. technology and maintaining U.S. leadership in AI appear to have had some success on paper, loopholes and existing semiconductor s ... Read full article.