US Risks ‘Enormous Damage’ With China Chip War: Nvidia CEO – FT


US chipmaker Nvidia’s chief Jensen Huang told the Financial Times in an interview that the Biden Administration’s ongoing chip war with China could cause “enormous damage” to US technology companies.

Huang stressed that the Chinese market was crucial to Silicon Valley, which has no “contingency” for being “deprived of the Chinese market”, adding that prohibiting American companies from accessing the Chinese market would cut the $52-billion US CHIPS Act off “at the knee”.

“We can theoretically build chips outside of Taiwan, it’s possible [but] the China market cannot be replaced. That’s impossible,” Huang told FT.

Read the full story: Financial Times


Also read:


Access to China ‘Essential’ as it Develops Chips: ASML CEO


China Warns Japan to Reverse its Ban on Chipmaking Gear


China’s Micron Ban Adds to Asian Chipmakers’ Investment Woes


US Chip Sanctions Have Hardly Impacted China’s AI Capability


US-China Rivalry May Spur Decoupling of Chip Sector – BBC


Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has been working as a digital journalist since 2013, and is an experienced writer and multimedia producer. As an eager stock market trader and investor, she is keenly interested in economy, emerging markets and the intersections of finance and society. You can tweet to her @saxenavishakha

Recent Posts

India Buying Russian Oil at 30% Above Western Price Cap

India has become the top buyer of seaborne Russian oil, mainly Urals, since Western sanctions…

2 mins ago

Furious China Terms US a ‘True Empire Of Lies’

Rejecting a US report from last week outlining an alleged global disinformation campaign funded by…

3 hours ago

World Bank Says Asia Faces Worst Outlook in 50 Years – FT

China has been hit by retail sales slumping below pre-pandemic levels, stagnant house prices, greater…

3 hours ago

Evergrande Chief Suspected Of Transferring Assets Offshore: WSJ

Police scrutiny of Evergrande, and now its chief, has complicated debt restructuring efforts by the…

4 hours ago

US, Euro Firms Blame Beijing for China Uncertainty – Guardian

A survey has revealed business confidence among foreign company chiefs in China’s private sector is…

4 hours ago

Japan Shuts Down Lucrative Used Car Sales with Russia

Tokyo banned exports of all vehicles to Russia but subcompact cars in August, hitting a…

5 hours ago