Nvidia(US:NVDA) 程序员的那些事·2025-10-17 14:37Core Viewpoint - The article discusses the impact of U.S. export controls on NVIDIA's operations in China, highlighting the significant loss of market share and potential revenue due to legislative changes and restrictions on AI chip sales [1][2]. Group 1: Legislative Impact - The U.S. Congress is pushing for legislation that requires chip manufacturers like AMD and NVIDIA to prioritize domestic supply for AI chip products [1]. - NVIDIA's CEO, Jensen Huang, stated that due to U.S. export controls, the company has completely exited the Chinese market, with its market share dropping from 95% to 0% [1]. Group 2: Financial Consequences - Following the U.S. export controls initiated in October 2022, NVIDIA faced ongoing challenges in selling high-end AI chips in China [1]. - The introduction of compliant AI chips for China, such as A800, H800, and H20, was not sufficient to mitigate losses, as new regulations in April 2025 forced the discontinuation of the H20 chip, resulting in approximately $4.5 billion in inventory losses and $8 billion in potential revenue losses [1]. Group 3: Future Outlook - Despite the challenges, NVIDIA remains hopeful for a policy change and is actively communicating with the U.S. government regarding its operations in China [2]. - Huang emphasized that the U.S. has lost access to one of the largest markets globally, suggesting that policies aimed at China could also harm U.S. interests [2]. - He noted that China possesses about 50% of the world's AI researchers and has a strong focus on AI development, indicating the competitive landscape [2].