Hello and welcome to today’s tech briefing. I’m your host, and here’s the story: Nvidia’s CEO Jensen Huang says U.S. chip controls on China have backfired. These rules, aimed at limiting China’s access to advanced AI chips, “gave Chinese companies the spirit, the energy and the government support to accelerate their development,” Huang told reporters in Taipei. “All in all, the export control was a failure.”

Since 2022, the Biden administration has forced Nvidia to downgrade its top GPUs for China or secure special licenses. That move cost Nvidia a $5.5 billion inventory write-off and shrank its market share in China from 95 percent to just 50 percent. Meanwhile, Huawei and other domestic firms have stepped in, proving Huang’s point: “If they don’t have enough Nvidia, they will use their own.”

Huang insists Nvidia will keep selling AI chips in China, warning that Beijing’s advances could eventually challenge U.S. leadership. He also praised the Trump administration’s more open policy, quoting President Trump: “Sell as many GPUs as possible all around the world.” That’s our update—thanks for listening.
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