Nvidia CEO Jensen Huang says his company will continue to develop products for China that comply with U.S. export controls. Huang's comments in Beijing followed the U.S. government’s recent decision to block sales of Nvidia’s H20 chip, a product specifically designed to meet earlier export rules. Nvidia estimates a US$5.5 billion revenue loss from the ban.
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00:00The CEO of the world's leading chip designer, NVIDIA, says the company will continue to make products for China, despite U.S. regulations clamping down on their sale.
00:10So we're going to continue to make significant effort to optimize our products that are compliant with the regulations and continue to serve the Chinese market.
00:25Huang is in Beijing after the U.S. announced it will ban the sale of NVIDIA's H20 chips to China.
00:32The H20 is an AI chip specifically made to conform to earlier U.S. export controls.
00:37NVIDIA says it will lose 5.5 billion U.S. dollars in revenue from the ban.