Nvidia once controlled over 90% of China's AI chip market. That figure now stands at zero. Speaking on the Special Competitive Studies Project's Memos to the President podcast last month, CEO Jensen Huang stated the number plainly: "Nvidia had, you know, call it 90-some odd percent of the world's market share. Today, in China, we have now dropped to zero."

According to Reuters, companies like Alibaba, Tencent, ByteDance, and JD.com received US Commerce Department clearance to purchase Nvidia's H200 chips.

How did Washington shut Nvidia out?

China........

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