"People are still going on holiday but they maybe don't have the same amount to spend.
His comments come just days after the Trump administration said it was dropping rules blocking exports to China entirely and restricted sales to dozens of other countries.The measures, announced in the final days of Joe Biden's presidency
from tech companies, including Nvidia.The US started imposingrelated to semiconductors during Trump's first term,
about letting technology with potential military use fall into the hands of companies connected to the Chinese government.The Biden administration
.
During Biden's four-year tenure, Nvidia's share of the Chinese market dropped from 95% to 50%, Mr Huang said on Tuesday.The Nordic nation, with a population of just five million, has 368 defence tech companies, according to research for Tesi, a state-funded venture capital company,
.Around 40% of these are start-ups and scale-ups, with many growing at rates of 30% to 40% if their tools are dual-use technologies that can also be used in other industries.
Helsinki is now among the top five cities in Europe for defence, security and resilience investments,released in February by tech data platform Dealroom, in collaboration with the Nato Innovation Fund, an independent venture capital fund launched in 2023 with funding from 24 Nato allies.