BEIJING: Nvidia CEO Jensen Huang arrived in Beijing on Thursday (Apr 17), state media stated, days after the US curbed gross sales of its H20 synthetic intelligence chips to China.
Nvidia this week stated it anticipated a US$5.5 billion earnings hit this quarter attributable to a brand new US licensing requirement on GPUs (graphics processing items) with bandwidths much like the H20, the first chip it might legally promote in China.
Shares of the corporate slumped round 7 per cent on Wednesday.
In Beijing on Thursday, Huang met with Ren Hongbin, head of the China Council for the Promotion of Worldwide Commerce, telling him that “China is a vital marketplace for Nvidia”, in line with state broadcaster CCTV.
His firm, a key supplier of chips utilized in AI, is working to attempt to keep gross 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 stated.
Washington has imposed tariffs of as much as 245 per cent on Chinese language imports.
Beijing retaliated with 125 per cent levies on US items.
Below Joe Biden, Trump’s predecessor, Washington had already restricted exports to China of Nvidia’s most subtle GPUs, tailor-made for powering top-end AI fashions.
Huang has stated publicly that Nvidia will stability authorized compliance and technological advances below Trump – however has vowed that nothing will cease the worldwide advance of AI.
“We’ll proceed to do this and we’ll have the ability to do this simply high quality,” the Taiwan-born entrepreneur advised reporters final 12 months.
Nvidia generated US$17 billion in China in 2024, 13 per cent of its whole gross sales.
