Nvidia China market share collapse amid US export restrictions

Nvidia CEO Jensen Huang disclosed that the company's market share in AI accelerators in China has dropped to zero due to US export restrictions, calling the policy largely counterproductive. Separately, Hong Kong is pushing its own DeepSeek-based AI model running on Chinese chips, and the EU's €20B sovereign compute plan faces criticism for relying on Nvidia GPUs. These developments reflect a widening global fracture in AI chip supply chains.

Sources

• Jensen Huang said Nvidia's market share of AI accelerators in China has "now dropped to zero" and that US export policy "has already largely backfired" (Anton Shilov/Tom's Hardware) Techmeme · Global
• Hong Kong puts its own spin on DeepSeek with China-chip AI push abroad South China Morning Post · China
• Legislators and experts criticize the EU's €20B sovereign compute data center plan, questioning whether there is demand and the plan's reliance on Nvidia GPUs (Pieter Haeck/Politico) Techmeme · Global

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