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Technology
Oscar Gonzalez

Jensen Huang says Nvidia will 'continue serving the Chinese market' despite tariffs

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. Dubbed the Woodstock festival of AI by Bank of America analysts, GTC this year is set to draw 300,000 in-person and virtual attendees for the debut of Nvidia Corp.'s B100. Photographer: David Paul Morris/Bloomberg via Getty Images.

When President Donald Trump announced his tariffs on April 2, tech was one of the sectors hit the hardest. Billions of dollars in market value were lost in days, and Nvidia was among the most affected companies.

This past week, Nvidia submitted a filing to the U.S. Securities and Exchange Commission stating that the U.S. government's requirement to obtain a license to export H20 chips to China would cost the company $5.5 billion.

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