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Nvidia Will Stop Including China in Its Forecasts Amid US Chip Export Controls, CEO Says
- Nvidia CEO Jensen Huang announced on Thursday that the company will stop including China in its revenue forecasts due to US export restrictions.
- This decision follows expanded US export controls in April that halted shipments of China-specific H20 AI chips, costing Nvidia $2.5 billion in Q1 revenue.
- To offset losses, Nvidia is building Europe’s first industrial AI cloud in Germany equipped with 10,000 GPUs and pledging 20 AI factories across Europe to support manufacturers.
- Nvidia anticipates a revenue shortfall of up to $8 billion in its second quarter ending in July, and CEO Huang commented that the intended outcomes of the export restrictions are not being realized.
- These efforts reflect Nvidia's shift to grow in Europe amid China challenges, while Huang warns restrictions may help Huawei advance and accelerate China's AI progress.
25 Articles
25 Articles
Nvidia is nixing China from its financial forecasts because U.S. restrictions on chip sales have tightened so much, Jensen Huang says
Nvidia is not including the Chinese market in its financial forecasts as a result of strict export controls hampering business with the country, CEO Jensen Huang told CNN on Thursday. Huang has repeatedly criticized the Trump administration’s export restrictions as limiting U.S. manufacturing and growth opportunities. Export controls may loosen as a result of a trade deal with China in exchange for greater access to rare earths. AI chipmaker Nvi…
Nvidia Drops China From Guidance After $2.5 Billion Q1 Revenue Hit, CEO Jensen Huang Says He's 'Not Counting' On US Lifting Export Controls, 'But If It Happens, It Will Be A Great Bonus' - NVIDIA (NASDAQ:NVDA)
Chip giant Nvidia Corporation (NASDAQ:NVDA) has revised its financial strategy after U.S. export controls blocked AI chip sales to China, resulting in a multibillion-dollar revenue shortfall in the first quarter of 2025. What Happened: Speaking to CNN in Paris on Thursday, Nvidia CEO Jensen Huang said the company will no longer include China in its revenue or profit forecasts due to ongoing U.S. export restrictions. "I'm not counting on it, but …
Nvidia to exclude China from forecasts amid US chip export curbs
KUALA LUMPUR: Nvidia will no longer include the China market in its revenue and profit forecasts following stringent US trade restrictions on chip sales to the region, CEO Jensen Huang told CNN on Thursday. © New Straits Times Press (M) Bhd
The technology giant Nvidia has made a far-reaching decision: it will exclude the Chinese market from its revenue and profit projections.This movement, which is no less, responds to the restrictions imposed by the US government in relation to chip sales to the Asian giant.For those following the trail of trade tensions between the two countries, this is a significant move in the geopolitical chess of technology.Restrictions that change the gameA…
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