The CEO of the US manufacturer of graphics cards and hardware components Nvidia, Jensen Huang, believes that the US technology industry risks suffering “enormous damage” as a result of the escalation in tensions between Washington and Beijing over the microprocessor industry.
The executive of Taiwanese origin points out in an interview with ‘Financial Times’ that the export restrictions introduced by the Biden administration to curb Chinese semiconductor manufacturing have left the multinational with “its hands tied behind its back” and unable to sell advanced components in one of the main markets for the company.
Also, the CEO of Nvidia expresses his concern that Chinese companies were starting to manufacture their own chips to compete with the company’s processors in areas such as video games, graphics and artificial intelligence.
“If they can’t buy from…the United States, they will just make it themselves,” says Huang, for whom China is a “very important market for the technology industry” and bets that legislators act prudently when imposing more restrictions on trade with the Asian giant.
“If we are deprived of the Chinese market, we don’t have a contingency for that. There is no other China,” he says, warning that there would be “enormous damage to US companies” if they can sell in the country.
Likewise, for the executive, blocking the access of the US technology industry to China would be detrimental to the recent Chip Law, the aid package approved by Washington to boost the national manufacture of semiconductors, since the loss of the Chinese market would make it unnecessary increased US manufacturing capacity.
“If the US technology industry requires a third less capacity [debido a la pérdida del mercado chino]no one will need American factories, we will be swimming in factories,” defends Huang, for whom “if they are not thoughtful with regulations, they will harm the technology industry.”