NVIDIA CEO says China’s AI chip market could reach $50 billion, vital for US companies

['Technode Feed', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] TechNode 2025-05-07 00:00:00

NVIDIA CEO Jensen Huang told CNBC on Tuesday that China’s AI chip market could reach $50 billion in the coming years, making it crucial for US companies to gain access. “It would be a tremendous loss not to be able to address it as an American company,” Huang said in an interview on the US network. “It’s going to bring back revenues. It’s going to bring back taxes. In April, due to stricter regulations, the company took a $5.5 billion writedown on its H20 chip, a lower-powered processor for China that now needs special approval before it can be shipped.