<ul><li>Nvidia CEO, Jensen Huang, considers U.S. chip controls on China a failure, as Nvidia's market share in China dropped from 95% to 50% in four years.</li><li>The restrictions aimed to limit China's military access to AI chips and protect U.S. dominance, but analysts suggest China's loopholes and domestic innovation have narrowed the gap in AI capabilities.</li><li>U.S. chipmakers, such as Nvidia, have opposed these restrictions, warning about potential self-inflicted damage.</li><li>Increasing export controls under President Biden and earlier sanctions against firms like Huawei and SMIC have inadvertently fueled competition by encouraging Chinese firms to invest in domestic alternatives.</li></ul>

Nvidia CEO: U.S. Chip Controls on China Have Backfired, Fueling Competition

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