In a stark admission, NVIDIA CEO Jensen Huang revealed that the company’s AI accelerator market share in China has plummeted from a dominant 95% to “absolutely 0%.” The statement was made during his appearance at the Citadel Securities “Future of Global Markets 2025” event.
This collapse is a direct result of stringent US export restrictions designed to prevent China from obtaining high-end AI chips.
Image: Citadel Securities
“Right now, we are 100% out of China, so our share in China is 0%,” Huang stated. “We went from a 95% market share to 0%, so I can’t imagine any politician believing that this is a good idea.”
NVIDIA had previously attempted to navigate the sanctions by creating less powerful, compliant chips, such as the H20. However, these efforts largely failed. Reports indicated the H20 was not competitive in either price or performance compared to the rapidly emerging domestic solutions.
As NVIDIA is forced to the sidelines, local Chinese competitors like Huawei and Cambricon are aggressively filling the vacuum. Huawei, in particular, has made significant strides with its own Ascend-series AI chips, making NVIDIA’s downgraded offerings increasingly unattractive to Chinese firms.
Jensen Huang confirmed that the company now projects its future revenue assuming “zero for China.” He concluded pessimistically, “If anything happens in China, it will be a bonus.”
Source: WCCFTech
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