Washington’s chip controls are denying U.S. companies like Nvidia access to a huge and growing AI chip market in China, CEO Jensen Huang said Tuesday, weeks after the chipmaker admitted it’d take a $5.5 billion hit from blocked sales to the world’s second-largest economy.
“China is a very large market. It’s probably going to be a $50 billion market in the next couple or three years. It’ll be a tremendous loss not to address it as an American company,” Huang said in an interview with CNBC. He added that access to the Chinese AI market would create jobs in the U.S.
