Singapore’s leading Chinese-language newspaper Lianhe Zaobao reported that Nvidia founder and CEO Jensen Huang said U.S. export restrictions have effectively halted the company’s chip sales in China. He expects Nvidia’s sales in the Chinese market to drop to zero for at least the next two quarters.
Huang urged Washington and Beijing to improve trade relations, arguing that access to the Chinese market is essential for maintaining U.S. competitiveness in artificial intelligence. “Being able to compete in China also helps us succeed globally,” he said, emphasizing that the U.S. needs to restore its market presence in China to sustain its global leadership in AI.
He noted that China’s AI chip market is currently valued at around US$50 billion and could expand to US$200 billion by 2030, yet American companies are currently shut out of this growth. China has long been a major revenue source that enables companies to reinvest and accelerate innovation, Huang said. “But for now, we have to assume our sales are zero.”
Source: Lianhe Zaobao, November 21, 2025
https://www.zaobao.com.sg/finance/china/story20251121-7853814?ref=global-finance