【Text by Observers Network, Qi Qian】

Recently, NVIDIA CEO Huang Renxun has been speaking frequently, seeking to return to the Chinese market. Previously, he mentioned that NVIDIA's share in China's advanced chip market had dropped from "95% in the past to zero," and "China no longer wants our chips."

According to Reuters and Bloomberg, on November 7, Huang Renxun arrived in Taiwan, China, and is expected to visit long-term partner TSMC.

On the same day, Huang Renxun gave an interview in Taiwan, stating: "When China hopes for NVIDIA products to return to its market depends on them. I look forward to them changing their policies and hope we can serve the Chinese market again."

He also warned again that U.S. export controls might backfire, forcing China to create strong competitors in AI chips and technology.

During the interview, Huang Renxun also clarified a statement reported by the Financial Times, which quoted him as saying "China will win the AI competition."

He added: "That was not my intention. What I meant was that China has very excellent AI technology, with many AI researchers... so they are developing very quickly. The United States must continue to move at an extremely fast pace, otherwise the world competition is very fierce, and we must run fast."

Before this trip, Huang Renxun said at the AI Future Summit hosted by the Financial Times, "China will win the AI competition," which caused heated discussions. The Financial Times described it as his "starkest comments yet" (the starkest comments yet).

On November 5, in London, UK, Huang Renxun attended the Elizabeth Queen Engineering Award reception. Oriental IC

The report mentions that Huang Renxun has maintained his position as the world's most valuable company by making deals with enterprises seeking to utilize its AI expertise. Recently, it became the first company to reach a $5 trillion market value, surpassing tech peers like Apple and Microsoft. However, NVIDIA faces challenges from competitors such as AMD, and investors are concerned about the sustainability of investing billions of dollars in AI, worrying that AI may not fulfill its promise of creating new revenue streams to support hundreds of billions in capital expenditures.

Huang Renxun stated in August's financial report that if NVIDIA could sell more advanced products in China, the market opportunity in China could reach $50 billion, and the huge demand for AI systems means the market would grow by 50% annually.

Bloomberg reports that NVIDIA's difficulty in entering the Chinese market has increased concerns among some Wall Street investors about the sustainability of massive AI spending. They worry that AI may not deliver on its promise of creating new revenue streams, unable to support hundreds of billions in capital expenditure.

Earlier this year, the U.S. government banned NVIDIA's exports to China of H20 chips until NVIDIA agreed to pay 15% of its sales in China to the U.S. government, after which the export license for the chip was restored.

However, NVIDIA faces issues such as security vulnerabilities and monopoly risks in China. In July, Chinese authorities interviewed NVIDIA, requiring it to explain and submit relevant proof materials regarding the security risks of backdoors in H20 computing chips sold to China. In September, Chinese regulatory authorities issued a statement saying that NVIDIA violated the anti-monopoly law and decided to implement further investigations.

Chinese companies are striving to develop domestic AI chips that can replace NVIDIA, seizing the market share that NVIDIA once dominated. For example, Huawei announced the product iteration roadmap for Ascend AI chips over the next three years in September. Internet giants such as Alibaba, Tencent, Baidu, and ByteDance have also increased investments in chip R&D and design, aiming to gain greater control over the supply chain.

Huang Renxun is deeply anxious and has been speaking frequently recently to seek a return to the Chinese market.

On October 28, at the inaugural NVIDIA Developer Conference held in Washington, Huang Renxun further addressed the Trump administration, stating that only when global markets, including China, adopt NVIDIA systems can the U.S. prevail in the AI competition. Conversely, if NVIDIA continues to be excluded from the mainland Chinese market, the U.S. will suffer more than China. He hopes the government will recognize the damage that restrictions on chip exports to China are causing to the U.S.

On November 2, Huang Renxun said in an interview that he hopes Sino-U.S. relations improve, giving NVIDIA an opportunity to return to the Chinese market.

Huang Renxun also said that the U.S. underestimates China's potential in developing the tech industry. Now, China can rely on its own industry without depending on U.S. technology. He pointed out: "China can now produce millions of AI chips. Clearly, they no longer depend on U.S. technology. In fact, China no longer needs us to return to the Chinese market."

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Original: https://www.toutiao.com/article/7570185167278326299/

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