The U.S. risks causing “enormous damage” to its tech industry if it continues restrictions on trade with China, according to the chief executive of the chipmaker Nvidia.
The Guardian reports that Jensen Huang said curbs introduced by the Biden administration, which include restricting the export to China of advanced chips made with U.S. technology, had left the business with “our hands tied behind our back.”
In an interview with the Financial Times, Huang said: “If [China] can’t buy from… the United States, they’ll just build it themselves. So the U.S. has to be careful. China is a very important market for the technology industry.”
Nvidia said in August 2022 that U.S. officials had told it to stop exporting two artificial intelligence chips to China, although the company later announced the development of a product that would meet U.S. government restrictions. Nvidia’s chips are a key tool in the development of the large language models that underpin chatbots such as ChatGPT.
In October 2022, the Biden administration published further export controls on the technology, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. tools.
