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Core Viewpoint - The article discusses the recent interactions between NVIDIA's CEO Jensen Huang and Xiaomi's CEO Lei Jun, highlighting Huang's comments on U.S. export restrictions on AI chips to China and the implications for the semiconductor industry [1][3][4]. Group 1: Interaction and Context - Jensen Huang and Lei Jun were photographed together in Beijing, indicating a potential collaboration or discussion between NVIDIA and Xiaomi [1][3]. - Huang's remarks during a CNN interview suggest that the U.S. government should not worry about the Chinese military using NVIDIA's chips, as they are capable of developing their own technology [3][4]. Group 2: U.S. Export Restrictions - Huang criticized the U.S. government's restrictions on semiconductor sales to China, stating that these policies have significantly impacted NVIDIA's market share in China, which has nearly halved [4]. - He emphasized that China's advancements in AI cannot be hindered by U.S. export controls, asserting that the belief that restricting chip sales would limit China's AI capabilities is misguided [4]. Group 3: Industry Implications - Huang's comments reflect a broader sentiment in the semiconductor industry regarding the ineffectiveness of U.S. export controls on curbing China's technological progress [4]. - The article also notes that the U.S. restrictions, which began in April, are expected to result in significant financial losses for NVIDIA, amounting to hundreds of millions of dollars [4].