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Jensen says Nvidia now has 'zero percent' market share in China, says US export policy 'has already largely backfired'

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Nvidia CEO Jensen Huang said that the company's market share of AI accelerators in China has now dropped to 0%.

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Summary

"In China, we have now dropped to zero," said Jensen Huang Special Competitive Studies Project, a bipartisan initiative by American lawmakers aimed at ensuring long-term competitiveness of the U.S. "Conceding an entire market the size of China probably does not make a lot of strategic sense, so the reporter thinks that has already largely backfired. Earlier this year, Bernstein estimated that Nvidia’s share of China’s AI GPU market could fall from 66% in 2024 to roughly 8% in the coming years, both due to restrictions imposed by the U.S. government and because domestic vendors are moving to cover up to 80% of demand. Meanwhile, Huang warns that even without leading AI GPUs and software stacks developed in America, China remains a formidable competitor when it comes to frontier AI models. "American companies win around the world," Huang said.

Read full article at Tom's Hardware →

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