Nvidia CEO Jensen Huang criticized U.S. export controls blocking the sale of its AI chips to China. Last month, the chipmaker noted a $5.5 billion write-down to its inventory, after the U.S. demanded companies get a license to sell their AI chips to China.

Jensen Huang, the head of Nvidia, said the United States’ export restrictions on AI chips have failed. Speaking on stage at the Computex tech conference in

Nvidia CEO Jensen Huang has called U.S. semiconductor export controls on China “a failure,” and many chip analysts and pundits think he has a point.