Jensen Huang’s computer chip giant Nvidia was the first company to reach $4 trillion worth on the stock market.
Nvidia CEO believes that US tech companies will withstand tariffs
In an interview with USA Today, Jensen Huang, CEO of Nvidia, the world’s most valuable company, discussed President Trump’s tariffs and manufacturing.
- Nvidia CEO Jensen Huang said President Trump is delighted with the company’s record $4 trillion valuation.
- Fans have met Trump five times since the president took office in late January.
- “I think it’s President Trump’s vision, his bold vision for making it in the US,” fans told USA Today.
- Nvidia’s business is vulnerable to planned Trump tariffs on semiconductors imported from Taiwan.
WASHINGTON – US tech companies survive the tariffs of President Donald Trump. Just as they managed to overcome previous market disruptions, Jensen Fan, CEO of the world’s most valuable company, said in an interview that he emphasized the importance of increasing US production of computer chips.
“No one likes chaos, no one likes sudden change, but these settlements — President Trump will settle these deals and countries will reorganize and resettle.
Huang is heading Advanced Chip-Maker Nvidia, and this week will be the first company to reach a $4 trillion stock market value, worth more than knowledgeable rivals like Apple and Microsoft. He met with Trump at the White House on July 10, where the president was ecstatic about Nvidia’s milestone, he said.
Just as Trump negotiates with China and other top trading partners, fan businesses are sitting at the dead center at the crossroads of potentially expensive US tariffs, which is the artificial intelligence boom, and at the crossroads of computer chips that drive it.
The California-based company manufactures advanced chips and is then mass-produced by companies like Taiwan-based TSMC, which are heavily affected by the potential Trump fees for semiconductor imports.
However, Huang showed no signs of panic. According to Huang, tariffs, taxes, rules and regulations of all sorts were introduced long before Nvidia was established. And if Trump moves forward with sudden semiconductor tariffs, that’s no exception.
“Every year there were rules and taxes, tariffs, policies and regulations and we survived,” Huang said. “I have all the confidence that the world is trying to survive this. Companies will make the most of it, whatever it is.”
Nvidia became the first public company to achieve a market value of $4 trillion this week. During the artificial intelligence boom, this year alone it has achieved 22% value. Forbes estimates the fan’s own net worth is $143.6 billion, making him one of the richest men in the world.
Huang’s July 10th meeting with Trump was fifth in almost a few months, and sat down with Treasury Secretary Scott Bessent the following day.
In an interview with USA Today on July 11, Huang said he “absolutely” believes America needs to produce more semiconductors.
“Absolutely. President Trump’s vision, his bold vision to manufacture in the US, believes it’s great for our industry. It’s great for our society,” he said.
Born in Taiwan and educated in the US, Huang said manufacturing has economic and national security benefits, but also health and social benefits.
“We’ve lost a lot of manufacturing capabilities and skills. This is truly amazing for those who work together with skilled crafts and hands to build things together. We want to celebrate it. We want to bring it back to the US. It’s very important for national security, industrial security and supply chain resilience,” he said.
Trump referenced Nvidia’s record stock price on social media in a July 10 post ahead of his meeting with Han.
Huang told USA Today that Trump told the meeting that he was proud of his reputation.
“He congratulated me and congratulated everyone around me for it being a great achievement and spent a lot of time,” Huang said.
They also discussed how to help American tech companies stay competitive in their transition to AI and how to bring skilled manufacturing back to America. He said Nvidia makes supercomputers in Texas and packages them in Arizona.
Huang will be in China next week. He told Trump about the trip, but they said they didn’t discuss trade negotiations between the two countries and didn’t know when the final agreement could come to fruition.
