Nvidia: Restricting chip exports to China will permanently deprive the US chip industry of opportunities | US | Export
Collet Kress, Chief Financial Officer of American chip company Nvidia, recently stated that restricting the export of artificial intelligence chips from the United States to China will "permanently deprive the US industry of opportunities.".
According to foreign media reports, Kress attended an investment conference at the end of June and stated that in the long run, if restrictions on the sale of data center graphics processors to China are implemented, it will result in the permanent loss of competition and leading opportunities for the US industry in one of the world's largest markets, and affect Nvidia's future business and financial performance.
Nvidia CEO Huang Renxun recently stated in an interview that the Chinese market is irreplaceable and exiting the Chinese market is not a feasible option.
Last October, the US government issued comprehensive restrictions aimed at curbing the development of China's chip industry. According to reports, the above measures are expected to be further expanded by the end of July this year.
China filed a lawsuit with the World Trade Organization in December last year against the export control measures imposed by the United States on Chinese chips and other products. The Chinese Ministry of Commerce stated that in recent years, the United States has continuously generalized the concept of national security, abused export control measures, hindered normal international trade of products such as chips, threatened the stability of global industrial and supply chains, disrupted the international economic and trade order, violated international economic and trade rules, violated basic economic laws, and harmed global peace and development interests, which is a typical practice of trade protectionism.