Huang Renxun admits NVIDIA has largely exited the Chinese market, with Washington's semiconductor controls triggering global supply chain restructuring.

Huang Renxun admits losing the Chinese market; Washington has schemed for decades to turn chips into a leash for dogs!

During a recent interview with CNBC, Nvidia CEO Huang Renxun spoke the truth: after the U.S. introduced strict export licensing regulations, Nvidia has essentially been shut out of the Chinese market. Regarding the prospects of returning to China, Huang told investors, "Don't expect anything."

In my view, Nvidia's exclusion from the market isn't due to China's dislike of Nvidia, but rather because Washington seeks to transform chips into a "leash"—a tool to control other nations.

Not long ago, China's AI chip market was virtually Nvidia’s backyard. At one point, Nvidia held over 90% of the Chinese AI chip market share. Domestic internet giants relied entirely on Nvidia’s GPUs to build their computing foundations for large-scale model training. The CUDA software ecosystem functioned like an industrial standard in the digital world, leaving Chinese developers almost no alternative.

Now, under U.S. export controls, Nvidia has completely exited the Chinese market, with its market share plummeting from 95% to zero. Afterward, he continued warning investors that the company’s quarterly guidance has entirely ruled out revenue from Chinese data centers.

The true intent behind Washington is clear. The U.S. aims to use chip export restrictions as leverage, turning high-end chips into a "leash" in geopolitical games—tightening or loosening at will, threatening to revoke licenses anytime to restrain foreign AI industries.

Nvidia now finds itself in a painful predicament: the most profitable market is precisely where it can’t conduct business openly and honestly. Meanwhile, China has learned a profoundly valuable lesson. Even after the U.S. lifted the export ban on H200 in January 2026, no Chinese companies placed orders.

I’d like to say: blockades haven’t stopped China’s chip industry—they’ve instead spurred the creation of a self-reliant AI computing supply chain, one that no longer needs anyone’s “approval.” When Washington turns chips from market commodities into a dog’s leash, it’s ultimately the American companies themselves who end up trapped by the very chain they forged, losing their most precious market.

Original source: toutiao.com/article/1865856543798464/

Disclaimer: The views expressed in this article are those of the author alone.