Quick overview

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Nvidia Corp. Chief Executive Officer Jensen Huang dismissed rumors that his company is attempting to engineer a return to the largest semiconductor market in the world by stating that it is not actively in talks to sell its Blackwell AI chips to Chinese companies.

Huang arrived in Taiwan on Friday in preparation for meetings with Taiwan Semiconductor Manufacturing Co., a longtime partner. took the chance to address recent remarks regarding the AI race between the US and China. In an interview with the Financial Times this week, the head of Nvidia caused a stir when he was quoted as saying that “China will win” that competition.

Huang clarified that his goal was only to highlight the Asian nation’s superiority in emerging technology. After visiting Washington and South Korea last week, the 62-year-old founder is still traveling the world and closing deals with businesses in various sectors that want Nvidia’s artificial intelligence hardware expertise. Huang has been plagued by persistent speculation.

Nvidia’s market value increased by $1 trillion, making it the first $5 trillion company in history.

Nvidia remains the most valuable company in the world, surpassing its tech rivals, Apple Inc. and Microsoft Corp., despite the stock’s recent decline. Huang is promoting AI adoption worldwide to expand the application of Nvidia’s technology in various industries and regions.

Additionally, the CEO is working to address concerns about an AI bubble and demonstrate that hardware investments totaling trillions of dollars, such as data centers and Nvidia chips, will be profitable.