Huang claims tariffs won’t do ‘significant damage’ in the short run

In an interview on Wednesday with CNBC, Nvidia CEO Jensen Huang claimed that the Trump administration’s tariffs won’t do “significant damage” in the short run.

“We’ve got a lot of AI to build,” he told the publication. “AI is the foundation, the operating system of every industry going forward. … We are enthusiastic about building in America. Partners are working with us to bring manufacturing here.”

Nvidia’s chips are largely fabricated by chipmaker TSMC, which is based in Taiwan. That hasn’t allayed investors’ fears that future, reciprocal tariffs may impact parts of the company’s business, however. TSMC recently pledged to spend “at least” $100 billion on U.S. chip facilities over the next four years.

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., ByteDance
March 17, 2025 – March 20, 2025

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