Nvidia CEO Jensen Huang expressed confidence on Wednesday that the AI chip giant can navigate the challenges posed by US President Donald Trump’s trade tariffs.
Speaking at Nvidia’s annual developers conference in San Jose, California, Huang emphasized the company’s diversified supply chain.
“We have a really agile network of suppliers; they are not just in Taiwan or Mexico or Vietnam,” he told journalists. “If we add onshore manufacturing by the end of this year, we should be quite good.”
Huang stated that tariffs are unlikely to have a significant short-term impact on Nvidia’s financial performance, though the full effect will depend on which countries are targeted by Trump’s policies.
Trump, who returned to office in January, has imposed tariffs on key US trading partners, including Mexico, Canada, and China, and is considering additional levies in April. Among the affected industries is semiconductor manufacturing, a sector crucial to Nvidia’s operations.
Despite the pressure to shift production to the US—part of Trump’s push to make America a “manufacturing superpower”—Huang acknowledged that building chip fabrication facilities takes years.
Since its founding in 1993, Nvidia has evolved from making graphics processing units (GPUs) for gaming to dominating AI infrastructure. Huang quipped, “We’re not making chips anymore; those were the good old days. What we do now is build AI infrastructure.”
Nvidia’s high-end AI chips face US export restrictions to China, a key market, as Washington aims to curb Beijing’s progress in strategic technologies.
Asked about the impact of these restrictions, Huang said Nvidia, like other companies, must comply with national regulations.
