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

Nvidia chief Jensen Huang is hugely popular in Taiwan and has received a rock star welcome during his visit to Taipei. Photo: Reuters

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

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Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at vishakha.saxena@asiafinancial.com