00:00It's Benzinga bringing Wall Street to Main Street.
00:02Video CEO Jensen Wong criticized U.S. chip export controls in a Computex 2025 interview,
00:08calling them exactly wrong for America.
00:10Wong said that the company walked away from $15 million in potential China sales
00:13or up $5.5 billion in inventory due to its restrictions on H2O chips.
00:18Wong said Chinese AI researchers are world-class
00:20and were the locking U.S. companies out of China,
00:23home to half the world's AI developers, undermines U.S. competitiveness.
00:26Here's that American companies be allowed to compete in China to reduce the trade deficit
00:31and boost U.S. jobs and tax revenue.
00:33Wong's remarks follow escalating U.S.-China tensions over technology exports,
00:37especially AI chips.
00:39More than borrowing U.S. firms from China's emerging $50 billion AI market
00:42could result in major financial losses.
00:45For all things money, visit Benzinga.com slash GSTV.
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