What you need to know
- NVIDIA's CEO, Jensen Huang believes the US is still a long way to go before it gets full independence from Chinese and Taiwanese chipmakers.
- Biden's administration recently imposed exportation rules on chipmakers like NVIDIA, banning them from shipping chips to China.
- The US government wants to reduce the country's dependence on external chipmakers by having some of its own within its borders, which will help boost its economy and national infrastructure technology.
- While some of the most profitable semiconductor chip brands in the world like Intel and Samsung have already started building advanced fabs in the US, the CEO can't picture a scenario where the US is fully independent and capable of providing all the components required to design NVIDIA products without support from other countries.
