Nvidia Loses China Market as Export Controls and Bureaucracy Block Sales (xataka.com)

• Nvidia's China market share collapsed from dominant to ~0% per CEO
• BIS staff cuts (20% in semiconductor division) delayed export licenses to 76 days average
• Chinese firms Huawei, Cambricon, Moore Threads now competitive in AI chips
• Smuggling of Nvidia GPUs via Hong Kong and Singapore undermines controls
• Huang joins Trump-Xi summit to push for looser export rules

"Nvidia's CEO Jensen Huang says the company's market share in China has fallen from dominant to nearly 0%, due to US export restrictions, slow licensing by the Bureau of Industry and Security (BIS), and rising Chinese rivals like Huawei, Cambricon, and Moore Threads. Nvidia's attempt to sell modified H20 chips was hampered by 76-day average license delays and a 20% staff cut at BIS. Smuggling of Nvidia GPUs via Hong Kong and Singapore persists, but Nvidia does not benefit. Huang will accompany Trump to a summit with Xi Jinping to seek a resolution."