Nvidia\u00a0CEO Jensen Huang downplayed the negative impact from President\u00a0Donald Trump\u2019s tariffs, saying there won\u2019t be any significant damage in the short run.<\/p>\n
\u201cWe\u2019ve got a lot of AI to build \u2026 AI is the foundation, the operating system of every industry going forward. \u2026 We are enthusiastic about building in America,\u201d Huang said Wednesday in a CNBC \u201cSquawk on the Street\u201d interview. \u201cPartners are working with us to bring manufacturing here. In the near term, the impact of tariffs won\u2019t be meaningful.\u201d<\/p>\n
Trump has launched a new trade war by imposing tariffs against Washington\u2019s three biggest trading partners, drawing immediate responses from Mexico, Canada and China. Recently, Trump said he would not change his mind about\u00a0enacting sweeping \u201creciprocal tariffs\u201d\u00a0on other countries that put up trade barriers to U.S. goods. The White House said those tariffs are set to take effect April 2.<\/p>\n
\u201cWe\u2019re as enthusiastic about building in America as anybody,\u201d Huang said. \u201cWe\u2019ve been working with\u00a0TSMC\u00a0to get them ready for manufacturing chips here in the United States. We also have great partners like Foxconn and Wistron, who are working with us to bring manufacturing onshore, so long-term manufacturing onshore is going to be something very, very possible to do, and we\u2019ll do it.\u201d<\/p>\n
Shares of Nvidia have fallen more than 20% from their record high reached in January. The stock suffered a massive sell-off earlier this year due to concerns sparked by Chinese artificial intelligence lab DeepSeek that companies could potentially get greater performance in AI on far-lower infrastructure costs. Huang\u00a0has pushed back\u00a0on that theory, saying DeepSeek popularized reasoning models that will need more chips.<\/p>\n
Nvidia, which designs and manufactures graphics processing units that are essential to the AI boom, has been restricted from doing business in China due to export controls that were increased at the end of the Biden administration.<\/p>\n
Huang previously said the company\u2019s percentage of revenue in China has fallen by about half due to the export restrictions, adding that there are other competitive pressures in the country, including from Huawei.<\/p>\n<\/p>\n
Nvidia\u00a0CEO Jensen Huang downplayed the negative impact from President\u00a0Donald Trump\u2019s tariffs, saying there won\u2019t be any significant damage in the short run. \u201cWe\u2019ve got a lot of AI to build \u2026 AI is the foundation, the operating system of every industry going forward. \u2026 We are enthusiastic about building in America,\u201d Huang said Wednesday in […]<\/p>\n","protected":false},"author":0,"featured_media":16058,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/16057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=16057"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/16057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/16058"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=16057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=16057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=16057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}