US President Trump has blocked the sale of NVIDIA’s latest Blackwell AI chips to the Chinese market. This move has ended the tech giant’s hopes of re-entering the Beijing market. The government has temporarily halted NVIDIA’s plans for AI markets in the region.

NVIDIA’s China dream postponed: Blackwell AI chips banned

In an interview with foreign media, President Trump stated that the US would not allow other nations, such as China, to access its “high-end” AI chips. “We will not allow anyone but the US to get the most advanced ones,” Trump said. “We are not giving the (Blackwell) chip to anyone else.” This clear statement has now brought the situation between NVIDIA and China to an impasse.

These latest statements were met with surprise. President Trump had recently stated that the NVIDIA-China dispute was entirely between the two parties, with the US government merely acting as a “referee.” However, the situation in China is becoming increasingly difficult for NVIDIA. The company faces not only US government restrictions but also the Chinese government’s negative attitude towards AI chips.

NVIDIA CEO Jensen Huang previously stated that revenue from China had fallen to “zero” and that returning to the market would be a “bonus.” Despite this statement, the company is known to have lost “tens of billions of dollars” in revenue from the Chinese AI market. Before the export controls were imposed, China accounted for a significant portion of NVIDIA’s total revenue.

With President Trump’s latest announcement, NVIDIA appears to be stuck with the Hopper H20 AI chip it developed for the Chinese market. However, this model is reportedly not gaining widespread adoption in the Chinese market. With these developments, the company’s hopes of making another breakthrough in the Chinese market have fallen to an all-time low. What are your thoughts on these US restrictions on high-tech exports?