Jensen Huang: Nvidia has basically handed over the Chinese AI chip market to Huawei

Glonghui, May 21 — NVIDIA CEO Jensen Huang said that as US export restrictions continue to reshape the global AI semiconductor landscape, the company has essentially handed over the Chinese AI chip market to Huawei. In an interview with CNBC, Jensen Huang said: "The demand in the Chinese market is extremely large... Huawei is very strong. They set a record last year and are very likely to perform exceptionally well in the coming year. Due to our exit from this market, the ecosystem of domestic Chinese chip companies has also developed quite well." Jensen Huang added: "We have basically given that market to them." Last week, Jensen Huang joined a delegation of US business leaders visiting China with President Trump at the last minute. This development has led investors and China hawks in Washington to speculate that NVIDIA may be making breakthroughs in exporting AI chips to China.