The U. The aggressive tariff plans prompted a broader market pullback, as concerns over trade restrictions sent stocks reeling and the Dow plunging more than points. Nvidia primarily produces its AI chips in Taiwan, which is not currently subject to U.
However, many of its products are assembled in other locations, including Mexico, where higher import costs could drive up expenses. This raises concerns about additional tariffs that have been threatened against chips made in Taiwan, where Nvidia has the majority of their chips produced currently," Alvin Nguyen, a senior analyst at Forrester, told Fortune.
Concerns around unauthorized exports of Nvidia chips to China may have also affected investor confidence in the company. On Monday, Singaporean authorities arrested three people for allegedly misrepresenting the final destination of U.
Nvidia's most powerful chips are already restricted from export to China under U. As geopolitical tensions escalate, the Trump administration is reportedly considering ramping up export controls to limit Beijing's progress in AI chip development.
Representatives for Nvidia did not immediately respond to a request for comment from Fortune, made outside normal working hours. This story was originally featured on Fortune. Beatrice Nolan. Updated March 4, at PM. Nvidia's challenges beyond tariffs Concerns around unauthorized exports of Nvidia chips to China may have also affected investor confidence in the company.
