Amid controversy caused by US President Donald Trump’s export policies, technology bosses have had mixed reactions, and Nvidia CEO Jensen Huang is one of them, expressing both criticism and praise for the Commander-in-Chief.
Indeed, Huang had earlier opined that Trump should revise his export rules surrounding the chip technology for training artificial intelligence (AI) models after the administration forbade it from selling its most advanced products to customers in China.
Nvidia CEO criticizes Trump’s export policies
In fact, the company itself expressed the same sentiment in its recent quarterly filing with the US regulators, in which it also said that US rules banning connected vehicle technology from China – where Nvidia’s previously struggling car chip business has finally taken off – could hurt its business as well.
At the same time, Nvidia CEO criticized new export curbs imposed by the current administration in April, effectively stopping the tech giant’s sales of its H20 chip developed for the Chinese market, leading to a $2.5 billion losses in sales during the fiscal first quarter, and could cost it another $8 billion in the next.
“The question is not whether China will have AI – it already does. The question is whether one of the world’s largest AI markets will run on American platforms. (…) US platforms must remain the preferred platform for open-source AI. That means supporting collaboration with top developers globally, including in China.”
Huang praises Trump’s other export decisions
Nonetheless, on a conference call with analysts, Huang applauded as “visionary” Trump’s decision to revoke the previous administration’s export rule that would have regulated the flow of Nvidia’s chips around the world, despite his company noting that there was no new rule to replace it and that a “replacement rule may impose new restrictions on our products or operations.”
Still, when CNBC host Jim Cramer asked him to explain his views, the executive said that he believed Trump saw China as an “important market, a very large market and the revenue it could generate for the United States is significant,” as well as highlighting his belief that the current US president “wants America to win.”
“The president laid out a bold vision for the United States, for America to reindustrialize the onshore manufacturing so that we can have a more resilient supply chain, so that we can create jobs locally, very importantly, so that we become great at manufacturing again at a time when manufacturing isn’t about labor-only, but about technology.”
Elsewhere, Nvidia’s technology continues to proliferate, including running AI-powered electric RVs, assisting biological and genetics research with its AI model Evo 2, alongside its main focus – rolling out new graphics cards and laptops, like the GeForce RTX 50 Series earlier this year.
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