By Supantha Mukherjee

NORRKOPING, Sweden, May 24 (Reuters) - Nvidia ( NVDA )

CEO Jensen Huang on Saturday praised U.S. President Donald

Trump's efforts to boost U.S. technology as the leading

chipmaker announced a partnership with a group of Swedish

businesses to develop AI infrastructure in Sweden.

Nvidia ( NVDA ) will provide its latest generation AI data centre

platform to a group of Swedish companies, including telecoms

gear maker Ericsson and drug developer AstraZeneca ( AZN )

.

Nvidia ( NVDA ) has announced a number of similar partnerships in

recent weeks in Saudi Arabia and the UAE after the Trump

administration rescinded a rule put in place by previous

President Joe Biden that would have restricted exports of AI

chips.

Huang, who had earlier called controls "a failure," said

President Donald Trump wanted U.S. firms to "win".

"American technology companies were very successful in China

four years ago, we have lost about 50% of the market share and

competitors have grown," he said on Saturday in Norrkoping,

where he was due to receive an honorary doctorate from Linkoping

University.

"The President would like American technology to win with

Nvidia ( NVDA ) and American companies to sell chips all over the world

and to generate revenues, tax revenues, invest and build in the

United States," he said.

The Trump administration has introduced sweeping tariffs

saying they would stimulate growth, bring home manufacturing

jobs and raise tax revenues.

Many businesses and economists, though, have warned tariffs

could have the opposite effect and lead to a recession in the

United States and a global downturn by pushing up costs,

upending supply chains and hurting consumer and business

confidence.

Huang said many policies related to re-industrialisation

were "very visionary".

"Manufacturing in the United States, securing our supply

chain, having real resilience, redundancy and diversity in our

manufacturing supply chain - all of that is excellent," he said.