AI chipmaker Nvidia will no longer include Chinese business in its financial forecasts after President Donald Trump’s efforts to tighten export controls to China.
“I’ve told all of our investors and shareholders that, going forward, our forecasts will not include the China market,” he said.
“The goals of the export controls are not being achieved,” Huang told CNN. “Whatever those goals are that were being discussed initially, [they] are apparently not working. And so I think, with all export controls, the goals have to be well-articulated and tested over time.”
The Department of Commerce did not immediately respond to Fortune’s request for comment. Nvidia declined to comment beyond Huang’s remarks.
“He’s 10% politician, 90% CEO,” Ives told Fortune. “He needs to be cautious on their financial guidance, given the China variable.”
“This is a work in progress,” Ives said. “For the first time in 30 years, the U.S. is ahead of China when it comes to tech. You don’t want to give China the opportunity to leapfrog the U.S. again.”
“The key point is that [the U.S. government] has now opened the door to negotiating away export controls, and so [China] (and others) will keep on pushing on this point,” he added.
