NVIDIA CEO "Trump will reach a good deal with China"

JH Kim

Summary

Jensen Huang, NVIDIA CEO, said regarding U.S.-China trade talks that President Trump will reach a good agreement with China.
He said that NVIDIA's revenue in China will be close to zero for the time being.
The market said Huang's remarks are being interpreted as a signal of reduced dependence of the semiconductor industry on China and that the Trump administration's policy stance toward China could ease.

Jensen Huang (Jensen Huang), NVIDIA (NVIDIA) CEO, said of U.S.-China trade negotiations, "I am confident President Trump will reach a good agreement with China." He added that NVIDIA's sales in China will be close to zero (0) for the time being.

On the 28th (local time), according to economic news channel Walter Bloomberg (Walter Bloomberg), CEO Jensen Huang said, "U.S. and China trade negotiations are moving in a positive direction," and "I believe President Trump will produce a mutually beneficial outcome."

However, he mentioned, "Considering the current export control environment, NVIDIA's sales in China will remain virtually at a zero level going forward." This suggests that restrictions on exports of artificial intelligence (AI) semiconductors remain strongly in place amid ongoing U.S.-China technological tensions.

The market sees Huang's remarks as raising hopes that the Trump administration's policy stance toward China could ease, while also interpreting them as a signal that the semiconductor industry's reliance on China continues to be reduced.