Huang Renxun: The $50 billion China market is effectively closed to us.

Huang Renxun: "The $50 billion China market is actually closed to us!"

On September 24, the South Korean media "Chosun Ilbo" published an article stating that NVIDIA's CEO Huang Renxun said, "The $50 billion China market is actually closed to us."

Recently, Huang Renxun stated during a post-earnings analyst conference call, "A platform that succeeds in China will have the capability to lead the world today."

Huang Renxun said, "China is the second-largest computing market in the world and a hub for artificial intelligence researchers. I believe it is very important for American technology companies to enter this market."

He believed that U.S. policies were based on the wrong assumption that China could not produce its own chips.

Huang Renxun said that export restrictions "stimulated China's innovation and scale."

Huang Renxun said he is discussing with the U.S. government the importance of U.S. companies entering the Chinese market.

NVIDIA's Chief Financial Officer Collette Kress said they are waiting for the formal regulations from the U.S. government regarding a plan to pay 15% of NVIDIA's sales in China.

Huang Renxun said that its latest Blackwell chip is ready to meet the revolutionary changes brought by artificial intelligence.

He said, "Agent AI models may require 100 times, 1,000 times, or even higher computing power. Agent AI has developed rapidly over the past year."

Original: www.toutiao.com/article/1844117079298055/

Statement: This article represents the views of the author."