Technology giant Nvidia said it would comply with any new regulations introduced by the incoming administration of United States president Donald Trump while competing in the market and supporting its customers.
Founder, president and chief executive officer Jensen Huang was asked on an earnings call if he had a sense of any changes the new administration may make, including to tariffs, which would affect Nvidia’s business in China.
“Whatever the new administration decides, we will of course support. That's our highest mandate, and then after that, (we will) do the best we can, just as we always do,” Huang said.
“We have to simultaneously comply with any regulation that comes along, fully support our customers to the best of our abilities and compete in the marketplace. We'll do all of these three things simultaneously.”
Nvidia, the largest company in the world with a market capitalisation of $3.58 trillion (A$5.5 trillion), earlier announced a strong increase in revenue and earnings for the third quarter as the artificial intelligence revolution drove demand for its computing products.
The company generated $10.3 billion ($15.8 billion) of revenue, or 17% of total revenue, from China in the last financial year.
Trump is expected to lift U.S. tariffs on imports from China to protect American industries, increasing the price of goods and services from that country.
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