Nvidia Faces Probes, Losses After China Chip Ban

Nvidia CEO Jensen Huang made a surprise visit to Beijing after the U.S. imposed new export restrictions on the H20 AI chip, previously permitted for sale in China. During the trip, Huang met with Chinese Vice Premier He Lifeng and DeepSeek’s founder to discuss potential new chip designs that could comply with both U.S. and Chinese regulations. Nvidia aims to protect its $17 billion China business amid escalating U.S.-China trade tensions. The recent restrictions are expected to cost Nvidia up to $5.5 billion in lost revenue and have led to a decline in its share price. U.S. lawmakers are now investigating whether Nvidia’s chip sales, especially to DeepSeek, may have violated export regulations. Huang stressed China's importance to Nvidia’s future, as both countries increase scrutiny on the company’s activities.