Nvidia Corp. chief Jensen Huang blasted the “failure” of US restrictions intended to help contain China’s technological ascent, calling on the White House to lower barriers to AI chip sales before American firms cede that market to up-and-coming rivals such as Huawei Technologies Co.

Taiwan's Foxconn , the world's largest contract electronics maker, said on Tuesday an artificial intelligence centre it has announced with Nvidia will be built in phases and is targeted to have 100 megawatts of power.