Speaking to the Financial Times, Jensen Huang, who is preparing for NVDA's earnings call after the close today, said US export controls introduced by the Biden administration to slow Chinese semiconductor manufacturing had left the Silicon Valley group with "our hands tied behind our back" and unable to sell advanced chips in one of the company's biggest markets.
At the same time, he added, out of necessity Chinese companies have no choice but to start building their own chips to rival Nvidia's market-leading processors for gaming, graphics and artificial intelligence.
"If [China] can't buy from . . . the United States, they'll just build it themselves. So the US has to be careful. China is a very important market for the technology industry."Biden's efforts to prevent China buying or developing advanced chips has become the most aggressive front in a new cold war between the two powers. Ironically, this comes at a time when the confused, senile president is talking about a "thaw" with China, something even the socialist New York Times was making fun of.












Comment: Biden lost his chips long ago. Unrepairable damage is his thing.