Trump Says He Considered Breaking Up Nvidia but Dropped Plan After Aides' Advice

Remarks at the "AI Competition Victory Summit"
Considered Breaking Up Nvidia to Encourage Competition
Aides Warned: "It Would Be Very Difficult"

U.S. President Donald Trump revealed that he had considered breaking up Nvidia, the leading AI chip company, but abandoned the idea after his aides told him that "it would be very difficult."

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During a speech at the "AI Competition Victory Summit" held in Washington, D.C. on the 23rd (local time), President Trump said, "I said, 'I will break up this company (Nvidia),'" adding, "But my aides told me that doing so would be 'very difficult,' and that Nvidia holds such an overwhelming advantage that it would take competitors years to catch up."

President Trump added, "I thought that breaking up Nvidia a bit could encourage competition, but I learned that in that industry, it is not easy."

On the 10th, Nvidia became the world's most valuable company, surpassing a market capitalization of $4 trillion for the first time among global companies.

President Trump also praised Jensen Huang, CEO of Nvidia, who attended the event. In his speech, he mentioned CEO Huang and said, regarding his investments in the U.S., "He has done a truly outstanding job."

In his speech that day, CEO Huang also complimented President Trump, saying, "America's unique strength, which no other country can have, is President Trump himself."

The relationship between President Trump and CEO Huang was not particularly good earlier this year. On January 19, at President Trump's inauguration, many major big tech CEOs attended, but CEO Huang did not attend and instead boarded a flight to China.

Subsequently, when the Donald Trump administration blocked exports of the H20 chip to China, Nvidia suffered a $4.5 billion loss in the last quarter. However, after CEO Huang directly met with President Trump and persuaded the administration with the argument that export controls to China could actually stimulate China's growth, the export restrictions were lifted.

The previous day, CNBC reported that CEO Huang has now emerged as the most politically influential CEO since the launch of the second Trump administration, surpassing Elon Musk, CEO of Tesla and once a close confidant of Trump, as well as Tim Cook, CEO of Apple, who wielded significant influence during the first Trump administration.