Actually lunatic Trump should be the one saying sorry to Jensen Huang and Nvidia for ending its good run to make more money from China. Nvidia is as good as PNG in China, Persona Non Grata. Its business with China has grinded to zero. The best chip maker, with the most advanced chips that every country wants, cannot sell a single chip to China, its former biggest customer. Billion dollars of profits just vanished from thin air. Nvidia is now faced with over capacity and an over flowing warehouse of H200 chips begging for customers.
And which joker to blame? No prizes for guessing right. China would be very happy to buy as many H200 chips as it could afford and Nvidia would be laughing to the banks. This is the cruelest joke lunatic Trump pulled on Nvidia. And Nvidia will not only report on lower profits, but may have to scale down production with retrenchment, and many high earning Americans will lose their jobs.
Clown Trump thinks he can switch on and switch off the sale of high end chips to China depending on whether he wets his diapers the right side or wrong side. China now has many serious questions and concerns about using Nvidia chips. Reliability of supplies, vicious kill switches or bugs embedded in the chips are serious issues that China cannot risk. The stakes are too high and pervasive. And why pay overpriced chips just because Trump added a 15% to the price for himself?
The bigger strategic decision, China needs to be totally independent and self sufficient in its own chip infrastructure, cannot be held hostage by the American manufacturers. The decision has been made, no more foreign chips. China will make and control its own chips that span across all industries and products and services, completely free from American control and coercion. Period.
Jensen Huang can kiss the Chinese market goodbye. He may want to start a joint manufacturing plant in China with Chinese participation, transparency, equity and control in the future. China will be fully decoupled from the Americans when chips are concerned.
Trump does not care a wee bit or would have sleepless night on the fate of Nvidia and its employees. He will continue to clown around and amuse himself as long as he is in the White House. China will not care who will be the next POTUS as it would not change anything. The hillbillies are hillbillies.
The damage to Nvidia and the chip manufacturing industries is as widespread and long lasting as the weaponising of the dollar. Trust is gone and will never return. The Washington clowns are really good in bringing down America in double quick time.