With Export Controls, Nvidia, AMD And Intel Lose Much More Than Sales

The article argues that U.S. export controls on semiconductors are hurting Nvidia, AMD, and Intel far beyond immediate lost sales. By restricting access to China, the U.S. is pushing Chinese firms to accelerate domestic chip development, strengthening China’s self-sufficiency and reducing reliance on American technology. The piece cites strong profit growth at Chinese foundries Hua Hong Grace Semiconductor and SMIC as evidence that demand is shifting toward chips free from U.S. restrictions. The author’s main market point is that these controls also damage long-term competitive advantages: U.S. chipmakers lose customer relationships, product feedback, and market intelligence that typically drive innovation and future sales. The result is not just lower near-term revenue, but a structural weakening of U.S. companies’ position in the global AI chip market.