Nvidia CEO calls Trump re-industrialisation policies 'visionary'

[Daniel Nenni]

By Supantha Mukherjee

NORRKOPING, Sweden (Reuters) -Nvidia CEO Jensen Huang on Saturday praised U.S. President Donald Trump's efforts to boost U.S. technology as the leading chipmaker announced a partnership with a group of Swedish businesses to develop AI infrastructure in Sweden.

Nvidia will provide its latest generation AI data centre platform to a group of Swedish companies, including telecoms gear maker Ericsson and drug developer AstraZeneca.

Nvidia has announced a number of similar partnerships in recent weeks in Saudi Arabia and the UAE after the Trump administration rescinded a rule put in place by previous President Joe Biden that would have restricted exports of AI chips.

Huang, who had earlier called controls "a failure," said President Donald Trump wanted U.S. firms to "win".

"American technology companies were very successful in China four years ago, we have lost about 50% of the market share and competitors have grown," he said on Saturday in Norrkoping, where he was due to receive an honorary doctorate from Linkoping University.

"The President would like American technology to win with Nvidia and American companies to sell chips all over the world and to generate revenues, tax revenues, invest and build in the United States," he said.

The Trump administration has introduced sweeping tariffs saying they would stimulate growth, bring home manufacturing jobs and raise tax revenues.

Many businesses and economists, though, have warned tariffs could have the opposite effect and lead to a recession in the United States and a global downturn by pushing up costs, upending supply chains and hurting consumer and business confidence.

Huang said many policies related to re-industrialisation were "very visionary".

"Manufacturing in the United States, securing our supply chain, having real resilience, redundancy and diversity in our manufacturing supply chain - all of that is excellent," he said.

Nvidia CEO calls Trump re-industrialisation policies 'visionary'

NORRKOPING, Sweden (Reuters) -Nvidia CEO Jensen Huang on Saturday praised U.S. President Donald Trump's efforts to boost U.S. technology as the leading chipmaker announced a partnership with a group of Swedish businesses to develop AI infrastructure in Sweden. Nvidia will provide its latest...

www.aol.com

 

[Daniel Nenni]

In my experience semiconductor professionals are some of the smartest people in the world. We solve incredibly complex problems on a daily basis and some of us can foresee the future. US politicians have no chance at beating us now that semiconductors run the world. Just my opinion of course so feel free to prove me wrong. But before you try take a close look at:

CC Wei
Lisa Su
Lip-Bu Tan
Jensen Huang
Hock Tan

Just to name a few...

 

[KevinK]

Great way to urge Trump in the right direction - compliment him, about his one right aspirational snippet.

 

[Daniel Nenni]

Great way to urge Trump in the right direction - compliment him, about one right snippet.

Here is the thing about semiconductor CEOs, they have to play the long game and the successful ones are very good at it. Re-industrialization is the long game and other countries had better take note. The US "coerced" China into doing it and now China is "coercing" the US to do it. Hopefully other countries will follow now that the tariff card has been played.

Unfortunately, US Presidents can't play the long game because they only have 4 years to make big changes in a hugely bureaucratic and slow moving process. Even if you do make change the next person in line can reverse everything you do.

Listen to what Jensen has said about TSMC being the only viable partner for leading edge wafers and packaging. Even with fabs around the world, the TSMC/Taiwan Silicon Shield is stronger than ever.

 

[KevinK]

Unfortunately, US Presidents can't play the long game because they only have 4 years to make big changes in a hugely bureaucratic and slow moving process. Even if you do make change the next person in line can reverse everything you do.

Agree with that. But hopefully all US presidents are guided by a realistic economic vision of what is possible over the long term (economics are somewhat immutable) and what the possible consequences are of the vision. But Trump is offering two diametrically opposed visions:

* Fair Trade - he has assiduously assured that he is negotiating for fair trade agreements with all the countries of the world where there are seemingly no tariffs and no internal subsides to specific industries. In that world, it's a game of scale and national advantage. Countries will use their scale and natural advantages (natural resources, agriculture, education/innovation/immigration, plus other people and geographic resources) to win in the marketplace. But that means the US can only re-industrialize in areas where we have natural advantage. One of those might be general manufacturing, especially if the robot revolution is around the corner. But that also means that the number of manufacturing workers will continue to drop, while productivity continues to climb. The good news is that this is a world the market-driven, flexible, US economic system is built for. The downside is that we probably have to focus on our strengths and perhaps a few defense-oriented protected industries.

* Tariff protections and revenue - he also offers a worldview where tariffs are used to protect all US industries against the natural advantages and government intervention of other global suppliers, as well as to generate government revenues in lieu of taxes. But this crazy world can't really exist either for a number of reasons. Just because we go on a tariff binge, that doesn't mean the rest of the world will. And it looks like China is the main party benefiting with us out of loop - they just turn their export machine onto other economies, while our prices in the US go through the roof. And the tariff revenues stay minimal if the tariffs are really protecting our industries.

The long term path is absolutely in between those two, preferably in the direction of education/innovation/immigration and high-value or agriculture-linked industries.

 

[tooLongInEDA]

In my experience semiconductor professionals are some of the smartest people in the world. We solve incredibly complex problems on a daily basis and some of us can foresee the future. US politicians have no chance at beating us now that semiconductors run the world. Just my opinion of course so feel free to prove me wrong. But before you try take a close look at:

CC Wei
Lisa Su
Lip-Bu Tan
Jensen Huang
Hock Tan

Just to name a few...

Rather sceptical about those sort of generalisations myself.

It's very common to assume that because someone is an expert in one domain (and may indeed over a period of time appear to be able to predict the future) that their opinions and predictive ability beyond their own field of expertise are at the same level. In general, experience suggests this is not the case.

Similarly, the "smartest people" are often highly adept across a range of areas, but have corresponding blind spots in other areas. The "smartest people" outside semiconductors are smart in different ways. But likely no less smart.

And the "incredibly complex problems" we solve tend to be primarily technical in nature, so we don't have to deal quite so much with the added complexity that's involved in things like politics and government where greater compromises are usually needed and the solutions offered appear less complete and satisfying. I'm far from convinced that we're really dealing with the most complex problems. Nor that we should believe ourselves to be fundamentally better or more gifted than people in other domains.

 

[Daniel Nenni]

Rather sceptical about those sort of generalisations myself.

It's very common to assume that because someone is an expert in one domain (and may indeed over a period of time appear to be able to predict the future) that their opinions and predictive ability beyond their own field of expertise are at the same level. In general, experience suggests this is not the case.

Similarly, the "smartest people" are often highly adept across a range of areas, but have corresponding blind spots in other areas. The "smartest people" outside semiconductors are smart in different ways. But likely no less smart.

And the "incredibly complex problems" we solve tend to be primarily technical in nature, so we don't have to deal quite so much with the added complexity that's involved in things like politics and government where greater compromises are usually needed and the solutions offered appear less complete and satisfying. I'm far from convinced that we're really dealing with the most complex problems. Nor that we should believe ourselves to be fundamentally better or more gifted than people in other domains.

I do think a person who is an expert in one domain is smarter than a person who is an expert in none but that is not the point. Look at the average education of a semiconductor professional. Look at the TSMC executive staff, or the C level of the average semiconductor success story. Of course education does not mean you are smart, politicians for example. Quite a few billionaires are college dropouts and they are smart I guess but then again I do not work with them so they are not included when I said "In my experience".

 

[blueone]

I do think a person who is an expert in one domain is smarter than a person who is an expert in none

I agree, so long as the expert in a given domain doesn't get so used to be the smartest person in the room that they think they're always the smartest person in every room. I've run into so many people like this over the years. The smartest overall people I know are often the ones who know what they don't know, and are open and explicit about it.

 

[blueone]

I find it frustrating that I often agree with Trump's high-level objectives, but I seldom agree with his methods for achieving those objectives. How he negotiates with allies is beyond frustrating, and walks well into embarrassing.

I also don't agree with limiting chips we sell to China. That is so obviously misguided - and bi-partisan, no less - I can't believe no one with the appropriate stature has explained this to Trump.

 

[Barnsley]

Agree with that. But hopefully all US presidents are guided by a realistic economic vision of what is possible over the long term (economics are somewhat immutable) and what the possible consequences are of the vision. But Trump is offering two diametrically opposed visions:

* Fair Trade - he has assiduously assured that he is negotiating for fair trade agreements with all the countries of the world where there are seemingly no tariffs and no internal subsides to specific industries. In that world, it's a game of scale and national advantage. Countries will use their scale and natural advantages (natural resources, agriculture, education/innovation/immigration, plus other people and geographic resources) to win in the marketplace. But that means the US can only re-industrialize in areas where we have natural advantage. One of those might be general manufacturing, especially if the robot revolution is around the corner. But that also means that the number of manufacturing workers will continue to drop, while productivity continues to climb. The good news is that this is a world the market-driven, flexible, US economic system is built for. The downside is that we probably have to focus on our strengths and perhaps a few defense-oriented protected industries.

Trade isnt done on a Government level though.

What does it have to do with a Govt how much a company/person imports/exports?

Do you believe trade is a zero-sum game?

 

[Daniel Nenni]

I agree, so long as the expert in a given domain doesn't get so used to be the smartest person in the room that they think they're always the smartest person in every room. I've run into so many people like this over the years. The smartest overall people I know are often the ones who know what they don't know, and are open and explicit about it.

I am very fortunate, out of the thousands of meetings I have been in I have never been the smartest in the room. We do have an ego problem in the semiconductor industry which has been the downfall of many smart people. I have seen the first hand too many times.

I don't recall who I heard it from but a wise person once told me "you don't know what you don't know" words to live by.

My credo as a young man was: If it is possible I can do it. If it is impossible I cant still do it but it will take longer. My wife never liked that one!

 

[Barnsley]

I find it frustrating that I often agree with Trump's high-level objectives, but I seldom agree with his methods for achieving those objectives. How he negotiates with allies is beyond frustrating, and walks well into embarrassing.

I also don't agree with limiting chips we sell to China. That is so obviously misguided - and bi-partisan, no less - I can't believe no one with the appropriate stature has explained this to Trump.

The folk who he has employed dont seem to understand the role they have have been given , how could they explain anything to him?

 

[Barnsley]

By Supantha Mukherjee

NORRKOPING, Sweden (Reuters) -Nvidia CEO Jensen Huang on Saturday praised U.S. President Donald Trump's efforts to boost U.S. technology as the leading chipmaker announced a partnership with a group of Swedish businesses to develop AI infrastructure in Sweden.

Nvidia will provide its latest generation AI data centre platform to a group of Swedish companies, including telecoms gear maker Ericsson and drug developer AstraZeneca.

Nvidia has announced a number of similar partnerships in recent weeks in Saudi Arabia and the UAE after the Trump administration rescinded a rule put in place by previous President Joe Biden that would have restricted exports of AI chips.

Huang, who had earlier called controls "a failure," said President Donald Trump wanted U.S. firms to "win".

"American technology companies were very successful in China four years ago, we have lost about 50% of the market share and competitors have grown," he said on Saturday in Norrkoping, where he was due to receive an honorary doctorate from Linkoping University.

"The President would like American technology to win with Nvidia and American companies to sell chips all over the world and to generate revenues, tax revenues, invest and build in the United States," he said.

The Trump administration has introduced sweeping tariffs saying they would stimulate growth, bring home manufacturing jobs and raise tax revenues.

Many businesses and economists, though, have warned tariffs could have the opposite effect and lead to a recession in the United States and a global downturn by pushing up costs, upending supply chains and hurting consumer and business confidence.

Huang said many policies related to re-industrialisation were "very visionary".

"Manufacturing in the United States, securing our supply chain, having real resilience, redundancy and diversity in our manufacturing supply chain - all of that is excellent," he said.

Nvidia CEO calls Trump re-industrialisation policies 'visionary'

NORRKOPING, Sweden (Reuters) -Nvidia CEO Jensen Huang on Saturday praised U.S. President Donald Trump's efforts to boost U.S. technology as the leading chipmaker announced a partnership with a group of Swedish businesses to develop AI infrastructure in Sweden. Nvidia will provide its latest...

www.aol.com

I guess when you are not American this kind of speech sounds very weird and smacks of the desire to control the world.

 

[Daniel Nenni]

I find it frustrating that I often agree with Trump's high-level objectives, but I seldom agree with his methods for achieving those objectives. How he negotiates with allies is beyond frustrating, and walks well into embarrassing.

I also don't agree with limiting chips we sell to China. That is so obviously misguided - and bi-partisan, no less - I can't believe no one with the appropriate stature has explained this to Trump.

We have been limiting chips/equipment we sell to China for years now so it was not just Trump, Biden did it as well. For politicians to get elected in the US there must be an evil doer. In the Regan years it was Russia. Now it is China.

I remember hearing Colin Powell (famous Army General) speak at a book promotion. He told a story about his Russian counterpart telling him to stay the course so they both could keep their jobs and keep their economies running. It did not work out that way but it seems we always have to have an enemy for politicians to be elected and spend money with impunity.

 

[blueone]

We have been limiting chips/equipment we sell to China for years now so it was not just Trump, Biden did it as well. For politicians to get elected in the US there must be an evil doer. In the Reagan years it was Russia. Now it is China.

I know. It was stupid then, and it's still stupid.