At a conference hosted by The New York Times last week, Jensen Huang explained that the world’s most valuable semiconductor company’s products are made up of countless components, coming from different parts of the world — not just Taiwan, where the most important parts are made.

Current developments show there is a long way to go for the Biden administration's key goal of bringing semiconductor manufacturing back to the United States.

So far, the US President has backed bipartisan legislation to support the construction of manufacturing facilities in the country.

Many of the world's largest semiconductor companies are planning to expand operations in the US, including TSMC - Nvidia's top manufacturing partner, as well as Samsung Electronics and Intel.

But the US is also facing competition from European countries as the EU plans to increase its domestic manufacturing base, after decades of globalization that dispersed manufacturing around the world, leading to bottlenecks in places like Taiwan and South Korea.

“We are still about one to two decades away from supply chain independence,” Huang said.

Nvidia’s CEO also reaffirmed his commitment to China, which remains the largest chip market. The semiconductor maker is currently barred from selling its most powerful artificial intelligence processors after the US Commerce Department imposed export restrictions and then tightened them further last month.

Huang said Nvidia is working on products specifically for the world's second-largest economy that don't violate the restrictions.

“We have to create new chips that are compliant and then we can get back into the market,” Nvidia CEO said. “We always try to do business with as many partners as possible, but national security is also very important.”

The semiconductor company’s chief also warned of unintended consequences from export restrictions, saying as many as 50 companies in China are currently working on technology that could compete with Nvidia’s products.

(According to SCMP)

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