Nvidia has been 100 percent out of China’s artificial intelligence chip market, the chip giant's founder Jensen Huang said, calling it a mistake for the US.

“We went from 95 percent market share to zero,” Huang said during a Citadel Securities event. “I can’t imagine any policymakers thinking that is a good idea. Whatever policy we implemented has caused America to lose one of the largest markets in the world.”

“China has about 50 percent of the world’s AI researchers, with incredible schools, incredible focus, and lots of passion for AI. I think it’s a mistake to not have those researchers build AI on American technology,” Huang said.

"What harms China could oftentimes also harm America, and even worse," he said.

Last week, China has intensified enforcement of its import restrictions on US chips, including Nvidia's artificial intelligence processors, the Financial Times reported, as Beijing sharpens its focus on promoting home-grown semiconductor production.

Chinese customs officials were dispatched to key ports to conduct strict checks on semiconductor shipments, the newspaper said, citing unidentified sources.

The newspaper said the inspections targeted Nvidia's H20 and RTX Pro 6000D, designed to adhere to US export controls, initially.

STAFF REPORTER and REUTERS

Nvidia 100pc out of China, harm to China could hurt US more, Jensen Huang says