Nvidia CEO Jensen Huang said on November 20 that U.S. export controls will eliminate the company's AI chip sales to China for at least the next two quarters."China sales will be zero — zero next quarter and zero the quarter after that," he said in an interview with The Claman Countdown.

Huang stressed that access to China — the world's largest AI semiconductor market — is essential for maintaining U.S. technological leadership."The U.S. needs to re-enter the China market to compete globally," he said. "It benefits the American technology ecosystem."

Although the U.S. approved Nvidia's downgraded H20 chip for China, Huang said it lacks competitiveness and has little market demand.

Nvidia reported record quarterly revenue of US$57.01 billion, up 62 percent year-on-year. But Huang said export restrictions will keep China revenue at zero unless there is a policy breakthrough between Washington and Beijing.

He estimated China's AI chip market at US$50 billion today, potentially rising to US$200 billion by 2030.

U.S. Reviewing Possible Easing on Nvidia's H200 Exports

Despite President Donald Trump's public opposition to exporting advanced AI chips to China, the Commerce Department is quietly reviewing whether to allow Nvidia's H200 shipments, according to people familiar with the discussions.

A White House spokesperson declined to comment, saying only that the administration is committed to both national security and U.S. tech leadership.

Nvidia said current rules prevent it from offering a competitive data-center GPU in China, allowing non-U.S. rivals to expand rapidly.

The review follows the recent trade-tech truce reached by Trump and Chinese President Xi Jinping in Busan. But China hawks in Washington warn that cutting-edge AI chips could strengthen Beijing's military capabilities — the core reason behind the original restrictions.

The H200, introduced two years ago, offers larger HBM capacity and roughly twice the performance of the H20, the most advanced chip currently allowed for China.

Separately, the Commerce Department approved exports of up to 70,000 Nvidia Blackwell chips to Saudi Arabia's Humain and the UAE's G42 this week.