Nvidia founder Jensen Huang has again called on Washington to let American technology firms compete aggressively in China, saying that this kind of engagement would be good for both countries.
On the tech podcast BG2, presented by investors Brad Gerstner and Bill Gurley, Huang insisted that having a competitive presence in China would assist the US "proliferate the technology around the world" and "maximise America's economic success and geopolitical influence."
Huang also was optimistic that China would remain open to foreign investment, citing Beijing's pledge to an "open market." "What's in the best interest of China is for foreign companies to invest in China, compete in China and for them to also have vibrant competition themselves," he said.
Highlighting the rapid growth and immense potential of China’s chipmaking sector, Huang cautioned that the country is just "nanoseconds behind" the US. "We’ve got to go compete," he said, citing China’s deep talent pool, hardworking culture, and intense internal competition across provinces.
He described the sector as a "vibrant, entrepreneurial, hi-tech, modern industry."
Nvidia's Graphics Processing Units (GPUs), used for training and executing artificial intelligence (AI) models, have been a driving force for Nvidia's record-high market capitalization. However, geopolitical tensions have made this success more complicated by far, impacting sales significantly in China, which is one of the world's largest markets.
Earlier this year, the US briefly blocked sales of the H20, a watered-down chip for use in compliance with curbs, before permitting sales following the payment of a 15% fee to the US government. In August, the White House said President Donald Trump and Huang reached an agreement under which Nvidia would be granted export licenses in return for 15% of Chinese H20 sales to the US government.
Read also| iPhone 17 Pre-Orders in India Outpace iPhone 16 Launch: Report
