Nvidia Concedes AI Chip Market in China to Huawei Amid Export Restrictions

Nvidia CEO Jensen Huang stated that the company has 'largely conceded' the Chinese AI chip market to Huawei due to U.S. export restrictions, which have limited Nvidia's access to this key region. Despite reporting a strong financial performance with an 85% revenue increase and announcing an $80 billion share buyback program, China remains a critical challenge for the company.

By Lee Ying Shan · CNBC · May 21, 2026, 00:54 UTC

Tickers: $NVDA

Topics: AI chips China market semiconductors U.S. export restrictions

Read the full article at CNBC

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