Nvidia CEO Jensen Huang to Skip Trump's Inauguration Amid AI Export Control Concerns

Nvidia CEO says not attending Trump's inauguration

TAIPEI (Reuters) - Nvidia's chief executive Jensen Huang said on Friday he will not be attending U.S. President-elect Donald Trump's inauguration, but will instead be "on the road" celebrating the Lunar New Year with employees and their families. Asked by reporters outside Nvidia's new year party in Taipei whether he had talked with the incoming Trump administration about the new artificial intelligence export control rules the outgoing Biden administration unveiled this week, Huang said, "not yet". "But I'll look forward to congratulating the Trump administration when they take office." He also said he had met C.C. Wei, the chairman of Nvidia's main supplier TSMC for lunch where they talked about ramping up production of Nvidia's most advanced AI chips Blackwell. Surging demand for chips has catapulted Santa Clara, California-based Nvidia into the ranks of the world's most valuable companies, with a market value exceeding $3 trillion. However, new U.S. government export restrictions on AI chips may complicate Nvidia's ability to deliver the robust revenue growth that investors expect. The regulations, announced by the administration of President Joe Biden on Jan. 13, limit AI chip exports to most countries except for a select group of close U.S. allies including Taiwan. They also maintain a block on exports to some countries, including China, as the U.S. tries to close regulatory loopholes and prevent Beijing from acquiring advanced chips that could bolster its military capabilities. On Monday, Nvidia criticised Washington's latest effort to tighten its grip on AI chip flows around the world, saying the regulation would jeopardise current U.S. leadership in AI. Trump will take over from Biden as U.S. President on Jan. 20. While it is unclear how his administration will enforce the new rules, the two sides share similar views on the competitive threat from China. The new regulations are set to take effect 120 days from publication, giving the new administration time to weigh in. Huang attended a Nvidia new year party in Shenzhen on Wednesday, according to Chinese social media posts. He is expected to visit Beijing on Monday for the company's party there, a source close to Nvidia said. Nvidia did not immediately respond to a request for comment. (Reporting by Ben Blanchard and Lee Wen-Yee in Taipei; Additional reporting by Laurie Chen in Beijing; Writing by Liz Lee and Brenda Goh; editing by David Evans and Emelia Sithole-Matarise)

Nvidia CEO Jensen Huang will skip joining fellow tech moguls for...

Nvidia CEO Jensen Huang said Friday he will not be going to President-elect Donald Trump's inauguration -- opting not to join several of his fellow tech titans slated to fly in to Washington, DC. Instead, Huang said he will be "on the road" celebrating the Lunar New Year with his employees and their families. The Taiwan-born Huang, whose company has ridden the AI wave to become the most valuable in the world, celebrated at an Nvidia party in Taipei on Wednesday. He said he has not spoken with the incoming Trump administration about President Joe Biden's new artificial intelligence export rules. "Not yet," Huang said. "But I'll look forward to congratulating the Trump administration when they take office." Huang attended an Nvidia new year party in Shenzhen on Wednesday, according to Chinese social media posts. He is expected to visit Beijing on Monday for the company's party there, a source close to Nvidia said. That same day, Tesla and SpaceX founder Elon Musk, Amazon founder Jeff Bezos, Meta CEO Mark Zuckerberg and OpenAI CEO Sam Altman are planning to attend the inauguration -- even skipping the opening of the World Economic Forum in Davos, Switzerland, to remain in DC. Huang also said he had met with C.C. Wei, the chairman of TSMC, Nvidia's largest supplier, for lunch and discussed expanding production of Nvidia's most advanced Blackwell AI chips. As demand for AI chips has skyrocketed, so has Nvidia's value. The chip makers has a market cap of $3.4 trillion, and its stock has soared more than 140% over the past 12 months. But on Monday, the Biden administration revealed new export restrictions on advanced computer chips that could put a dent in Nvidia's revenues. However, new U.S. government export restrictions on AI chips may complicate Nvidia's ability to deliver the robust revenue growth that investors expect. The regulations limit AI chip exports to most countries except for a select group of close US allies including Taiwan. They also maintain a block on exports to some countries, including China, as the US tries to close regulatory loopholes and prevent Beijing from acquiring advanced chips that could bolster its military capabilities. On Monday, Nvidia criticized Washington's latest effort to tighten its grip on AI chip flows around the world, saying the regulation would jeopardize current US leadership in AI. While it is unclear how the Trump administration will enforce the new rules, he shares similar views as Biden on the competitive threat from China. Trump's team did not immediately respond to a request for comment. The new regulations are set to take effect 120 days from publication, giving the new administration time to weigh in.

Nvidia CEO will be one of the few tech bigwigs to skip Trump's inauguration

Tech's shift to Trump: all the companies and execs kissing the ring Nvidia is estimated to control 90 percent of the market share of AI chips. The company criticized a new AI framework announced by the Biden administration last week that would limit how many AI chips companies can send to different countries. In its blog post, Nvidia praised the more lax regulatory environment put in place by the first Trump administration and said it looks forward to "a return to policies that strengthen American leadership."

Nvidia Unveils AI Safety Tools to Boost Enterprise Trust; CEO Jensen To Miss Trump Inauguration - NVIDIA (NASDAQ:NVDA)

NeMo Guardrails adopted by industries like automotive and retail to boost AI trust and customer satisfaction. President-elect Donald Trump is preparing to take charge on Monday. His tenure has triggered concerns about forthcoming semiconductor rules and regulations, including fears of possible tariffs on Mexico and China. Recently, Nvidia Corp NVDA CEO Jensen Huang criticized the Biden administration's latest AI technology regulations against countries like China and Russia. Nvidia chief Jensen Huang will likely miss the inauguration of Trump on January 20 due to his routine East Asia tour at this time of the year, rendering him unable to attend any prior inauguration ever, Bloomberg cites unnamed sources familiar with the matter. Big Tech giant leaders, including Apple Inc's AAPL Tim Cook, Amazon.com Inc's AMZN, and Tesla Inc's TSLA Elon Musk, will grace the occasion next week. Huang also told Bloomberg he expected Trump to bring less regulation. Also, on Thursday, Nvidia launched three new NIM microservices to help enterprises bring additional control and safety measures to their AI agents. The offerings are part of Nvidia NeMo Guardrails, an open-source collection of software tools and microservices designed to help companies improve their AI applications. NeMo Guardrails helps developers integrate and manage AI guardrails in large language model (LLM) applications. Also Read: Microsoft Launches CoreAI Division: Ex-Meta Exec To Supercharge Copilot And AI Innovations Amdocs, Cerence AI, and Lowe's leveraged NeMo Guardrails to safeguard AI applications. By being deployed in customer service across the automotive, finance, healthcare, manufacturing, and retail industries, the agents can boost customer satisfaction and trust. Nvidia stock surged over 138% in the last 12 months. Investors can gain exposure to the stock through Fidelity MSCI Information Technology Index ETF FTEC and VanEck Semiconductor ETF SMH. Price Action: NVDA stock is up 2.40% at $136.91 at the last check on Friday. Also Read: Taiwan Semi Chief To Skip Trump Inauguration, Calls US Semiconductor Sanctions 'Manageable' Image via Shutterstock NVDANVIDIA Corp$136.141.92%Overview Rating:Good75%Technicals Analysis1000100Financials Analysis600100WatchlistOverviewAAPLApple Inc$230.080.80%AMZNAmazon.com Inc$224.511.75%FTECFidelity MSCI Information Technology Index ETF$186.401.34%SMHVanEck Semiconductor ETF$256.361.61%TSLATesla Inc$425.252.76%Market News and Data brought to you by Benzinga APIs