{"id":22342,"date":"2025-07-26T00:14:16","date_gmt":"2025-07-26T00:14:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/22342\/"},"modified":"2025-07-26T00:14:16","modified_gmt":"2025-07-26T00:14:16","slug":"trump-says-he-wanted-to-break-nvidia-up-until-he-learned-who-jensen-huang-was","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/22342\/","title":{"rendered":"Trump says he wanted to break Nvidia up\u2014until he learned who Jensen Huang was"},"content":{"rendered":"

U.S. President Donald Trump said he considered breaking up AI darling Nvidia<\/a> before learning more about the chipmaker and its CEO, Jensen Huang.<\/p>\n

\u201cI said, \u2018Look, we\u2019ll break this guy up,\u2019 before I learned the facts of life,\u201d Trump said of Huang<\/a> during a Wednesday speech about his new AI Action Plan.<\/a> The U.S. president then appeared to recount an earlier conversation with an advisor about Nvidia\u2019s market share, its CEO, and potentially breaking up the company.<\/p>\n

\u201cI said, \u2018Who the hell is he? What\u2019s his name? \u2026 What the hell is Nvidia? I\u2019ve never heard of it before,\u2019\u201d the president said of the world\u2019s most valuable tech company.<\/p>\n<\/p>\n

\u201cI figured we could go in, and we could sort of break them up a little bit, get them a little competition, and I found out it\u2019s not easy in that business \u2026 Then I got to know Jensen, and now I see why,\u201d he said, inviting Huang, who was sitting in the audience, to stand up.<\/p>\n

The president made the comments during an AI summit hosted in Washington, D.C., on Wednesday, but it\u2019s unclear when the original conversation about potentially breaking up the company took place.<\/p>\n

Representatives for Nvidia did not immediately respond to Fortune\u2019s request for comment.<\/p>\n

Huang\u2019s relationship with Trump<\/p>\n

Huang scored a win for Nvidia from the U.S. president earlier this month.<\/p>\n

Following a meeting between Huang and Trump at the White House, the Trump administration lifted restrictions on Nvidia\u2019s H20 AI chip exports to China, allowing the company to sell the chips in the lucrative market and reversing previous administration restrictions.<\/p>\n

Per the New York Times<\/a>, Huang engaged in months of lobbying for the policy change, meeting with Trump, testifying before Congress, and working closely with White House allies like AI adviser David Sacks. The CEO argued that restricting chip sales would hurt U.S. tech leadership by allowing Chinese rivals to dominate, and emphasized that Nvidia\u2019s chips were crucial for global AI standards.<\/p>\n

The tech giant has been on something of a winning streak of late. Earlier this month, the company made history when it became the first in the world to reach a market value of $4 trillion. The company\u2019s stock has soared over the past five years, with a nearly 18% gain registered year to date. Nvidia\u2019s supercharged growth is driven by the AI boom and the company\u2019s near-monopoly on AI chip manufacturing. Nvidia\u2019s graphics processing units (GPUs) are used by all major tech companies to maintain and develop AI models.<\/p>\n

The company\u2019s dominance in AI hardware has made it a key player in global tech geopolitics, particularly as governments scrutinize the export of advanced semiconductor technology amid rising U.S.-China tensions.<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. President Donald Trump said he considered breaking up AI darling Nvidia before learning more about the chipmaker…\n","protected":false},"author":2,"featured_media":22343,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,2490,7030,2291,105],"class_list":{"0":"post-22342","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-au","12":"tag-australia","13":"tag-donald-trump","14":"tag-jensen-huang","15":"tag-nvidia","16":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/22342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=22342"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/22342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/22343"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=22342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=22342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=22342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}