Donald Trump says that he thought of breaking Nvidia, then realized that it is not so easy
Donald Trump admitted that he once considered breaking the AI chip veteran Nvidia, but came back after knowing about its dominance and challenges in the industry, called it “not easy”.
Listen to the story
In short
- Trump recently did not know NVidia
- Wanted to break it, then closed
- CEO met Jensen Huang and changed his mind
US President Donald Trump says he once considered breaking the world’s most valuable technology company Nvidia, but left the idea after leaving more about the company and its dominance in the AI chip space. Speaking at an event at Washington, DC, about his AI action plan, Trump recalled his initial response to the discovery of close-rights of NVidia. “Before I learned the facts of life, I said,” We will break it, “he said, referring to NVDia CEO Jensen Huang. Trump admitted that he had never heard of Nvidia before a conversation with an anonymous advisor. “Who is that? What is his name?” He said. The advisor replied: “His name is Jensen Huang, Navidia.” “I said, ‘What is hell Navidia? I have never heard of it before,” Trump remembered. “He said,” You don’t want to know about it, sir. “
Trump explained that once he understood how effective Nvidia was in the market, he felt that it would be more complicated than breaking it as he thought. “I thought we could go in and we can break them a little, compete them a little,” he said. “And I came to know that this is not easy in that business.”
He said that he had considered creating a competitive company with top talent, but it was reported that it would take at least ten years to catch it, even if Nvidia was poorly run. “So I said,” Okay, let’s go on the next one. “
Trump said that he later met Nvidia CEO Jensen Huang and understood why the company was so ahead. “And then I came to know about Jensen, and now I see why,” he said.
Under Trump’s previous administration, NVIDIA allowed its H20 chips to sell its H20 chips to China. The Biden administration had previously banned such exports, fearing that technology may help China accelerate its AI ambitions. Approval for Nvidia is a big win. Even before the announcement, the company became the first publicly trading firm to reach a $ 4 trillion valuation.
Meanwhile, South Korean chipmaker SK Hinix, who is one of the main suppliers of Nvidia, said that it hopes for the high-end AI chips to keep the tech firms growing to launch a more powerful AI model. The company also confirmed that it was on track for dual sale of high-bandwidth memory (HBM) chips in 2025.
