The trade war between the US and China is still going on. Both countries are working to control trade around the world and gain an economic edge over each other. Unfortunately, this is also causing problems in the tech industry. For example, Huawei got hit with US sanctions because of this tension and lost a lot of its share in the global smartphone market. Now, Nvidia faces a similar risk. The company has warned that it could lose a “permanent” business opportunity in China if the US government tightens export controls on chips. Here are the details…
Nvidia Sees ‘Permanent Loss’ of Business Opportunity in China if US Tightens Chip Export Controls
Nvidia has warned that it could lose a “permanent” business opportunity in China if the US government tightens export controls on chips. The company said that it is already prohibited from exporting its high-end artificial intelligence chips to China, but that it could also be prevented from selling less powerful chips that are used in data centers and other applications.
Nvidia CEO Jensen Huang said that the company has “strong demand” for its products worldwide, but that the loss of the Chinese market would be a “major setback” for its business. “If we are not able to sell our products in China, it will be a permanent loss of opportunity for us,” Huang said. “China is a major market for our products, and it is important for us to be able to compete there.”
The US government is considering tightening chip export controls to China in an effort to prevent the country from developing its own advanced chip industry. The Biden administration has said that the measures are necessary to protect national security, but critics have argued that they could harm the US economy and hurt American companies that do business in China.
Nvidia is not the only US company that is concerned about the potential loss of business in China. Other companies that could be affected include Intel, Qualcomm, and Apple. The US government is expected to make a decision on whether to tighten chip export controls to China in the coming weeks. The outcome of the decision could have a significant impact on the global chip industry.
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