nvidia CEO visits Beijing after we exclude chip sales to China
nvidia Corp.’s CEO Jensen Huang arrived in Beijing Thursday shortly after the Trump administration banned the company from selling H20 AI chips to China.
Huang, a frequent visitor to the country, has appeared in the capital at the invitation of domestic trading groups, according to a social media account belonging to the state-run China Central Television. In a video posted to his account, the CEO had dumped his trademark black leather jacket for his suit and tie, but it was unclear what kind of event he was taking part in.
However, the timing of his trip was unusual just to warn him of $5.5 billion, given the CEO who ate with President Donald Trump about a week ago. writedown From AI chip limits a few days later. These curbs marked the escalation of Washington’s technological warfare with Beijing, hamstrugging a product line explicitly designed for Chinese customers, and compliant with previous US export controls. Shortly after the news surfaced, a bipartisan US House committee urged nvidia to pass on information about the sale of chips that Deepseek may have used Develop That groundbreaking chatbot.
According to CCTV, China still remains a very important market for Nvidia, optimizing chip products to comply with US export controls.
Huang met with China’s deputy prime minister and his Lifeng on Thursday evening, the state-run Xinhua conference reported. He told Huang that China welcomes more US companies, including Nvidia, to help China deepen its presence in the Chinese market. Huang expressed optimism about China’s economic outlook, affirming Nvidia’s commitment to exploring local markets and playing an active role in promoting US-China economic and trade cooperation.
The CEO also met with Liang Wenfeng, founder of Deepseek, reported by the Financial Times, and cited an unidentified source. An Nvidia representative declined to comment.
Trump’s Secretary of Commerce Howard Lutnick has promised to be “very strong” on the chinese curb, especially after the emergence of AI startup Deepseek. He recently approved dozens of Chinese companies that Trump authorities claim to support Beijing’s military efforts.
At the chip-making arena in Asian countries, Huawei Technologies Co.’s AI accelerator is Nvidia’s closest competitor Advanced Micro Devices Inc.’s products still lag significantly in terms of performance.
This story was originally introduced Fortune.com