Nvidia CEO Jensen Huang arrived in Beijing on Thursday, according to state media.
His visit comes just days after the United States imposed restrictions on the sale of its H20 artificial intelligence chips to China.
This week, Nvidia announced that it anticipates a $5.5 billion loss in earnings for the current quarter due to new U.S. licensing requirements for GPUs (graphics processing units) that have bandwidths similar to those of the H20, which is the main chip the company can legally sell in China.
As a result, the company’s shares fell by approximately seven percent on Wednesday.
In Beijing on Thursday, Huang met with Ren Hongbin, head of the China Council for the Promotion of International Trade, telling him that “China is a very important market for Nvidia,” according to state broadcaster CCTV.
His company, a key provider of chips used in AI, is working to try to maintain sales in China as US President Donald Trump wages a trade war with Beijing.
He expressed hope for “continued cooperation” with China on Thursday, state media said.
Washington has imposed tariffs of up to 245 percent on Chinese imports.
Beijing retaliated with 125 percent levies on US goods.
Under Joe Biden, Trump’s predecessor, Washington had already restricted exports to China of Nvidia’s most sophisticated GPUs, tailored for powering top-end AI models.
Huang has said publicly that Nvidia will balance legal compliance and technological advances under Trump — but has vowed that nothing will stop the global advance of AI.
“We’ll continue to do that and we’ll be able to do that just fine,” the Taiwan-born entrepreneur told reporters last year.
Nvidia generated $17 billion in China in 2024, 13% of its total sales.
AFP
