TAIPEI (TVBS News) — Amid ongoing tensions in global trade, Nvidia's President Jensen Huang stated at the New York Times' DealBook Summit on Wednesday (Nov. 29) that achieving U.S. independence in the chip supply chain and reducing reliance on overseas manufacturing could take 10 to 20 years.
President Joe Biden's administration has not only called for chips to be made domestically but has also, citing national security, imposed a ban on chip exports to China, aimed at securing time for the U.S. to maintain its lead in the semiconductor industry.
Companies including Nvidia are impacted by these export control measures, which prevent them from selling advanced chips to China. Nvidia's financial results for the third quarter reflected concerns over the negative impacts the export controls are likely to have on the company's fourth-quarter revenue.
While acknowledging the necessity of Biden's efforts to safeguard national security and competitiveness, Huang also revealed that Nvidia is developing chips compliant with U.S. regulations for the Chinese market. Once these chips are ready, Nvidia plans to re-enter the Chinese market.
Furthermore, Huang warned that the export ban might accelerate China's domestic chip development, with as many as 50 Chinese companies already working on technologies that could compete with Nvidia's.
Addressing the competition in artificial intelligence technology, Huang remarked that Nvidia is already a decade ahead of the industry. He emphasized that AI and deep learning innovation go beyond just chips, involving supercomputing operations reform that cannot be solved by simply designing a new chip.
