Nvidia CEO Visits Beijing Amid US Restrictions on AI Chip Sales

Nvidia CEO Jensen Huang visited Beijing to reaffirm the company's commitment to the Chinese market amid new U.S. restrictions on AI chip sales, particularly the H20 datacenter GPUs—the only advanced chips Nvidia is currently allowed to sell to China. Huang emphasized the importance of continued cooperation with China during meetings with local trade officials, as Chinese internet companies face uncertainty following the latest export controls announced by the U.S. Commerce Department. The restrictions have disrupted expectations for H20 chip deliveries and added to broader trade tensions between the U.S. and China, with Nvidia caught in the crossfire. Meanwhile, Nvidia has also announced major investments in U.S. AI supercomputer manufacturing, drawing praise from former President Trump as a win for domestic industry. The developments underscore the ongoing impact of the U.S.-China trade war on the global semiconductor industry and the delicate position of companies like Nvidia that operate in both markets.