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Nvidia CEO warns US chip bans help China tech grow, Huawei thrives amid restrictions

Market News
21 May 2026
Fox Business
View Source
Neutral
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Nvidia CEO Jensen Huang warned that US export bans on advanced chips to China may backfire, as China already has sufficient chips and Huawei is thriving without US technology. Huang highlighted that aggressive decoupling has pushed China towards tech self-sufficiency, making Chinese companies global competitors. He emphasized Nvidia's role in US national security and defense, noting their technology supports military systems. Huang stressed the importance of American tech leadership and manufacturing as a national treasure for the US economy and security.

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