Domestic chip firms riding out tariff storm

Executives from US, China tech sector point to unintended consequences of policies

Washington's restrictions on high-tech exports, including advanced chips and tariffs, are causing significant losses for US companies, while simultaneously accelerating breakthrough innovations in China's technology sector, industry leaders and experts said.

Executives across US and Chinese tech firms pointed to the unintended consequences of the policies, while they called for a more rational approach to ease trade tensions and pursue win-win cooperation for both sides.

Jensen Huang, CEO of US semiconductor firm Nvidia, said the US government's export controls on artificial intelligence chips to China were "a failure", at a tech forum in late May.