Nvidia's Chief Financial Officer, Colette Kress, recently expressed concerns over the long-term consequences of US restrictions on artificial intelligence (AI) chips exported to China, stating that the US industry could "permanently lose opportunities."
Foreign media reports highlight Kress's remarks during an investment conference in late June, where she explained that implementing restrictions on sales of data center graphics processors to China could result in the US industry losing its competitive edge and leadership in one of the world's largest markets. This could, in turn, negatively impact Nvidia's future business and financial performance.
Nvidia CEO, Huang Renxun, emphasized the significance of the Chinese market in a separate interview, claiming that withdrawing from China is not a viable option.
In October of last year, the US government enforced comprehensive restrictions aimed at impeding China's chip industry development. These restrictions are anticipated to expand further by the end of July this year.
In response to the US export control measures on products such as chips from China, the country filed a lawsuit with the World Trade Organization (WTO) in December last year. China's Ministry of Commerce accused the US of repeatedly misusing the concept of national security, hindering normal international chip trade, threatening global industrial and supply chain stability, and violating international trade rules. The ministry characterized these actions as a typical example of trade protectionism that harms global peace and development interests.