Symbolic imageHuang exit puts $3bn of Chinese AI projects at risk as Beijing warns against new US chip curbs
Reuters reports that about $3bn of Chinese AI data-centre projects relying on Nvidia are at risk after Jensen Huang left as chief executive. China's foreign ministry warned Washington against abusing export controls.
Reuters reported exclusively on Friday, 13 November that Huang's exit and US scrutiny imperil the Chinese projects. The Financial Times said Chinese AI shares sold off further on fears of tougher Nvidia chip restrictions, and described Huang as ousted and as a backer of keeping sales open to China. A Chinese foreign ministry spokesperson said Beijing opposes the abuse of export controls, responding to reported new US restrictions.
Chipmaker sees shortage ahead
The South China Morning Post reports that SMIC expects AI computing power to stay in short supply for the next two years. It adds that scrutiny of Huang could intensify Washington's curbs on Chinese access to advanced American processors.
Doubts over Nvidia's China business
According to company sources cited by the South China Morning Post, Huang's abrupt resignation stunned some Nvidia staff in China. It also raised questions about the company's future operations in the market.
Other opinions
Global Times, a Chinese state-affiliated outlet, frames the exit as a sign of mounting politicization of US tech. Its quoted experts say Washington may tighten curbs further but will not stop Beijing's innovation.