Nvidia chief confident chip maker can weather US tariffs / Photo: JUSTIN SULLIVAN - GETTY IMAGES NORTH AMERICA/AFP
-
Pope Francis inspired IOC president Bach to create refugee team
-
Alexander-Arnold will be remembered for 'good things' at Liverpool: Van Dijk
-
US VP Vance meets Indian PM Modi for tough talks on trade
-
Pentagon chief dismisses reports he shared military info with wife
-
15 potential successors to Pope Francis
-
The papabili - 15 potential successors to Pope Francis
-
Zhao sets up all-China clash after beating 2024 world snooker finalist Jones
-
Ostapenko stuns Sabalenka to win Stuttgart title
-
Argentina mourns loss of papal son
-
African leaders praise Pope Francis's 'legacy of compassion'
-
Mehidy's five wickets help Bangladesh fight back in first Zimbabwe Test
-
'The voice of god': Filipinos wrestle with death of Pope Francis
-
Prayers, disbelief in East Timor after Pope Francis death
-
Real Madrid hold minute's silence as La Liga mourns Pope Francis
-
World leaders pay tribute to Pope Francis, dead at 88
-
World leaders react to the death of Pope Francis
-
Zimbabwe lead first Test despite Bangladesh spinner Mehidy's five wickets
-
Vatican postpones sainthood for 'God's influencer' after pope's death
-
Pope's death prompts CONI to call for sporting postponements, minute's silence
-
Stunned and sad, faithful gather at St Peter's to remember Francis
-
Asian scam centre crime gangs expanding worldwide: UN
-
Davos meet founder Klaus Schwab steps down from WEF board
-
Himalayan snow at 23-year low, threatening 2 billion people: report
-
The beautiful game: Pope Francis's passion for football
-
Clerical sex abuse: Pope Francis's thorniest challenge
-
Pope Francis's delicate ties with politics in Argentina
-
Russia resumes attacks on Ukraine after Easter truce
-
Pope Francis has died aged 88
-
Gaza civil defence describes medic killings as 'summary executions'
-
Francis: radical leader who broke the papal mould
-
Oscar stars, Max keeps mum, Sainz alive - Saudi GP talking points
-
Iyer, Kishan win back India contracts as Pant's deal upgraded
-
Vance lands in India for tough talks on trade
-
Inside South Africa's wildlife CSI school helping to catch poachers
-
Nigerian Afrobeat legend Femi Kuti takes a look inward
-
Kim Kardashian: From sex tape to Oval Office via TV and Instagram
-
Vance in India for tough talks on trade
-
Thunder crush Grizzlies as Celtics, Cavs and Warriors win
-
Vance heads to India for tough talks on trade
-
China slams 'appeasement' of US as nations rush to secure trade deals
-
'Grandpa robbers' go on trial for Kardashian heist in Paris
-
Swede Lindblad gets first win in just third LPGA start
-
Gold hits record, dollar drops as tariff fears dampen sentiment
-
As Dalai Lama approaches 90, Tibetans weigh future
-
US defense chief shared sensitive information in second Signal chat: US media
-
Swede Lingblad gets first win in just third LPGA start
-
South Korea ex-president back in court for criminal trial
-
Thunder crush Grizzlies, Celtics and Cavs open NBA playoffs with wins
-
Beijing slams 'appeasement' of US in trade deals that hurt China
-
Trump in his own words: 100 days of quotes
NYSE - LSE
| BCC | -3.19% | 90.58 | $ | |
| CMSC | -0.26% | 21.763 | $ | |
| CMSD | -0.43% | 21.865 | $ | |
| RIO | 0.02% | 58.18 | $ | |
| AZN | -0.25% | 67.42 | $ | |
| NGG | 0.71% | 72.625 | $ | |
| GSK | 0.61% | 36.15 | $ | |
| SCS | -4.33% | 9.355 | $ | |
| BTI | 0.55% | 42.605 | $ | |
| RBGPF | 0.22% | 63.59 | $ | |
| JRI | -0.77% | 12.305 | $ | |
| BCE | 0.23% | 22.09 | $ | |
| RYCEF | -0.96% | 9.41 | $ | |
| VOD | -0.38% | 9.275 | $ | |
| RELX | -0.12% | 52.135 | $ | |
| BP | -2.16% | 27.721 | $ |
Nvidia chief confident chip maker can weather US tariffs
Nvidia boss Jensen Huang expressed confidence Wednesday that the artificial intelligence (AI) chip giant can handle US President Donald Trump's trade war.
"We have a really agile network of suppliers; they are not just in Taiwan or Mexico or Vietnam," Huang said while meeting with journalists at Nvidia's annual developers conference in San Jose, California.
"If we add onshore manufacturing by the end of this year, we should be quite good."
Nvidia is not expecting tariffs to significantly affect its financial performance in the short term, according to Huang.
He noted that the tariff situation is evolving, and that what it does to Nvidia costs will depend on which countries are targeted by Trump.
Trump has threatened to slap extra tariffs on imports of computer chips to the United States, which will heap pressure on Nvidia's business, which depends on imported components mainly from Taiwan.
Since returning to power in January, Trump has imposed tariffs on Washington's three main trading partners, Mexico, Canada, and China.
Trump has talked of imposing "reciprocal tariffs" against other countries in early April, creating uncertainty for businesses and financial markets.
The White House recently put out a release saying Trump is intent on making the US a "manufacturing superpower," ramping up pressure to shift production back to this country.
However, chip fabrication facilities can take years to build.
Since its founding in 1993, Nvidia has specialized in graphics processing units (GPUs) coveted by video game enthusiasts.
GPUs are also ideally suited for AI and the rise of that technology has catapulted the Silicon Valley-based chip maker into the spotlight.
"We're not making chips anymore; those were the good old days," Huang quipped. "What we do now is build AI infrastructure."
High-end versions of Nvidia's chips face US export restrictions to the major market of China, part of Washington's efforts to slow its Asian adversary's advancement in the strategic technology.
Asked about this, Huang replied that his company is not alone in needing to respect each country's laws.
A.Mahlangu--AMWN