Nvidia CEO Jensen Huang praises Donald Trump over Biden-era's 'fundamentally flawed' policy

Nvidia CEO Jensen Huang has publicly praised President Donald Trump while sharply criticising the Biden administration’s export controls on artificial intelligence (AI) chips to China, calling the policy 'a failure' that cost US companies billions. Speaking at the Computex 2025 tech conference in Taipei, Huang applauded Trump’s plan to roll back the Biden-era AI export restrictions, saying the prior policy was based on “fundamentally flawed” assumptions.“President Trump realises it’s exactly the wrong goal,” Huang said, referencing the Biden administration’s approach that blocked exports to China entirely and categorised countries into three tiers, news agency Reuters reported. Trump officials are now considering replacing that system with a global licensing regime aimed at preserving US leverage in trade talks.Under the Biden rules, Huang said Nvidia’s share of the Chinese AI market plummeted from 95% to 50%, while Chinese firms like Huawei capitalised, accelerating the country’s domestic semiconductor industry.“All in all, the export control was a failure,” Huang stated. “The assumptions that led to the AI diffusion rule have been proven to be fundamentally flawed,” he added.Despite US efforts to slow Chinese AI development, Huang noted that research there continues at scale, powered by massive domestic investment. He estimated China’s AI market could hit $50 billion in 2025—representing a critical opportunity for Nvidia, if re-entry is allowed.“The competition in China is really intense. They would love for us never to go back,” Huang added.Nvidia has already taken a $5.5 billion hit due to the chip restrictions and projects an additional $15 billion in revenue loss related to its restricted H20 AI chips. The company is now designing a version of its next-generation Blackwell chip with slower memory to comply with current rules.Earlier this week, Beijing slammed Washington for what it called “discriminatory” measures after US authorities warned firms against using Chinese chips like Huawei’s Ascend.