Nvidia CEO Jensen Huang Says Company Has Zero Market Share in China

Nvidia CEO Jensen Huang stated that the company's market share in China has dropped to zero. Huang made the comment during an interview on April 30 with the Special Competitive Studies Project. He noted that Nvidia previously held over 90% of the world's market share in certain areas, but U.S. policies have reduced its presence in China to nothing.

The U.S. government has alternated between permitting and prohibiting sales of high-powered chips by Nvidia and rival AMD to China. President Trump stated he would allow shipments of Nvidia's H200 chip, but Commerce Secretary Howard Lutnick said no such shipments have occurred yet.

Proponents of sales to China, including Huang, argue that restricting access encourages China to develop its own competing AI processors. Huang said conceding the Chinese market does not make strategic sense and that the policy has backfired. He suggested the policy should be dynamic and adapt to current conditions.

Opponents of sales state that the chips could assist China's military in developing AI software potentially used against the U.S. Nvidia's annual filing indicated that as of the end of fiscal year 2026, the company was effectively excluded from China's data center computing market.

Nvidia reported $19.67 billion in revenue from China, including Hong Kong, for the full fiscal year 2026. The company stated it does not anticipate any revenue from China in its first quarter. Nvidia received a U.S. license in February to ship the H200 chip to China but has not generated revenue from such sales and is uncertain about receiving an import license from China.

In its filing, Nvidia said the exclusion from the China market has allowed competitors to build larger ecosystems, challenging the company worldwide. The company added that without a product approved by both the U.S. and Chinese governments, the lost opportunity will have a material adverse impact on its business, operating results, and financial condition.