Nvidia CEO Jensen Huang warns China has ‘all the chips they need’ despite US bans

Nvidia CEO Jensen Huang warns China has ‘all the chips they need’ despite US bans

By Kristen Altus
Publication Date: 2026-05-21 13:44:00

In a stark warning to Washington policymakers, Nvidia CEO Jensen Huang revealed that U.S. technology export bans may be triggering unintended consequences, declaring that China already has “all the chips they need” while state-backed rival Huawei is actively “flourishing in our absence.”

“Critics would say that selling advanced chips to China helps China close the gap and perhaps beat the U.S. in AI,” FOX Business host Maria Bartiromo told Huang, “and yet the other angle is the fact that if we block all sales, then China does it anyway, simply accelerating the growth coming out of companies like Huawei.”

“You’ve summarized it really well… The president would like us to win in every aspect,” Huang responded. “The United States has to be absolutely certain and determined to lead the world in every aspect, every layer of that five-layer cake, from energy, of course, from chips.”

“China obviously has all the chips they need. That’s the reason why they don’t need ours. And Huawei has done a very good job there, obviously, one of the largest companies in the world. They had a record year. They’re flourishing in our absence. And they’re now exporting their technology out to the rest of the world, competing with American companies around the world,” he continued.