Nvidia chief executiveJensen Huanghas said US export restrictions on advanced semiconductors helped Chinese technology companies accelerate the development of their own artificial intelligence industry. Speaking during an interview with CNA in Taipei, Huang said restrictions on Nvidia's chip sales to China created opportunities for domestic firms including Huawei and several local AI startups.

The comments come as tensions continue between Washington and Beijing over advanced semiconductor technology and artificial intelligence development. The United States has introduced multiple export controls in recent years aimed at limiting China's access to high-performance AI chips and related technology.

However, Huang suggested the restrictions may also have strengthened China's domestic AI industry by encouraging local companies to develop alternatives more quickly. He said Nvidia still intends to remain involved in the Chinese market despite increasing trade restrictions and competition from Chinese firms.

During the interview, Huang said export controls prevented Nvidia from fully participating in the Chinese market, allowing local companies to expand rapidly in the company's absence.

'When we were banned from going to China through export controls, it left a vacuum that the Chinese companies were able to fill,' Huang said during theCNA interview.

He added that companies including Huawei and Chinese AI startups had experienced 'record years' and were now 'growing at an incredible pace'. Huang acknowledged that Nvidia's technology remained more advanced in some areas but argued that Chinese firms would continue improving whatever technology remained available to them.

The Nvidia chief also said governments naturally wanted local companies to succeed and suggested China's large domestic market would continue helping local AI firms develop rapidly.

Huang's comments came shortly after Huawei announced new semiconductor developments that Chinese state media said could help narrow the technology gap with Taiwan Semiconductor Manufacturing Company over the coming years despite ongoing sanctions.

AlthoughNvidia remains one of the world's leading AI chipmakers, restrictions on exports to China have increasingly limited the company's access to one of the world's largest technology markets.

HUAWEI's He Tingbo presents a sustainable evolutionary path for semiconductors enabled by shifting from geometric to time scaling, delivering benefits across the industry as a whole.pic.twitter.com/LdWqeqZ6ca

Source: International Business Times UK