Jensen Huang's Latest Important Statement: The chip industry will not see a recession for some time, and needs to expand five to ten times in scale

Odaily reports that NVIDIA CEO Jensen Huang and AXIOS co-founder Mike Allen engaged in a wide-ranging and in-depth discussion on the state of artificial intelligence. Huang stated that despite the long-standing boom-and-bust cycles in the chip industry, "this time is different." Even considering the extremely cyclical fluctuations historically seen in the chip industry (as shown in the chart), the current boom still has room to continue growing.

When asked if the industry is heading towards a recession, Huang replied, "No, not for a while yet. This time is different because it's not driven by demand." Huang further explained that the current AI boom is not fueled by consumer demand, which has long been the primary driver of the industry. This current AI boom is industry-driven, meaning the core technology of computing is undergoing a change. We need to build an entirely new infrastructure layer globally. We already have energy, the internet, roads, and railways. Now, we need to build the intelligence layer of AI, which means layering another infrastructure layer on top of these foundations. This infrastructure layer, in turn, depends on chips. I think our semiconductor industry might need to be five to ten times larger than it is now... The current industry scale is too small. Everything is in extreme shortage, not because it's a cyclical issue or due to consumer demand, but because of fundamental, infrastructure-related factors. Hence, the entire industry is in a state of shortage. I believe we must make this industry scale several times larger. (Jinshi Data)