2 days ago
- Business
- South China Morning Post
Nvidia to stop including China in profit, revenue forecasts amid US chip export controls
Nvidia will exclude the Chinese market from its revenue and profit forecasts following the imposition of tough US restrictions on chip sales to China, CEO Jensen Huang told CNN on Thursday.
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When asked whether the US will lift export controls after trade talks with China in London this week, Huang said that he was not counting on it.
'But, if it happens, then it will be a great bonus. I've told all of our investors and shareholders that, going forward, our forecasts will not include the China market,'
Huang said.
Nvidia did not immediately respond to a Reuters request for comment.
US President
Donald Trump said on Wednesday he was very happy with a trade deal that restored a fragile truce in the
US-China trade war , a day after negotiators from Washington and Beijing agreed on a framework covering tariff rates.
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