NVIDIA CEO Jensen Huang has expressed confidence that U.S. technology companies will weather President Donald Trump’s proposed tariffs on semiconductors, as the chipmaker became the world’s first publicly traded company to reach a $4 trillion market valuation.
In an interview with USA TODAY, Huang emphasized that the tech industry has long endured disruptions, regulations, and geopolitical tensions — and would continue to adapt. “Nobody likes disruptions and no one likes abrupt changes,” he said. “But President Trump will settle these deals, countries will reorganize, and we’ll work through it.”
Trump Celebrates NVIDIA’s Milestone
Huang, whose net worth is estimated by Forbes at $143.6 billion, met with Trump at the White House on July 10, marking their fifth meeting since January. He said the president was “jubilant” about NVIDIA’s record-breaking stock performance.
“He spent a lot of time congratulating me and telling everybody around him what a great achievement it was,” Huang recalled.
Trump also referenced the chipmaker’s valuation in a July 10 social media post promoting his proposed tariffs on semiconductor imports from Taiwan — a move that would directly impact companies like NVIDIA, whose advanced chips are manufactured by Taiwan-based TSMC.
Emphasizing U.S. Manufacturing
Despite the looming tariffs, Huang voiced strong support for President Trump’s push to restore U.S.-based manufacturing.
“I absolutely believe in President Trump’s vision to manufacture in the United States,” he said. “It’s great for our industries, great for society, and critical for national and industrial security.”
NVIDIA is already contributing to that goal, according to Huang, by building supercomputers in Texas and packaging them in Arizona.
He also highlighted the broader societal benefits of bringing manufacturing back, including skilled job creation and rebuilding industrial resilience. “We’ve lost a lot of manufacturing capabilities and skills. It’s really great for people who work with their hands and build things. We want to celebrate that,” he said.
Navigating the AI Boom and Global Politics
NVIDIA’s historic rise in valuation is fueled by the ongoing boom in artificial intelligence — with the company’s chips at the heart of global AI development. The company has surged 22% in value this year alone, placing it ahead of tech giants like Apple and Microsoft in market capitalization.
Huang noted that while trade policies may evolve, his company is accustomed to navigating uncertainty. “Every single year there were rules and taxes and tariffs and policies and regulations, and we survived,” he said. “Companies will survive this, and we’ll make the best of it.”
Following his White House visit, Huang also met with Treasury Secretary Scott Bessent. He is expected to travel to China next week, although he stated that he and Trump did not discuss trade negotiations during their meeting.
Looking Ahead
The semiconductor industry remains at the center of both economic strategy and geopolitical tension, and NVIDIA’s global position makes it a key player in both realms. While the Trump administration’s tariff plans could alter the supply chain landscape, Huang’s calm demeanor and focus on domestic manufacturing suggest that NVIDIA is preparing to adapt — and continue its meteoric rise.