Nvidia CEO in Beijing as US tech curbs, trade war threaten sales

Nvidia this week said it expected a $5.5 cardinal net deed this 4th owed to a caller US licensing request connected GPUs (graphics processing units) with bandwidths akin to the H20. Photo: JOSH EDELSON / AFP/File
Source: AFP

Nvidia CEO Jensen Huang held talks with Chinese leaders successful Beijing connected Thursday, authorities media said, days aft the United States curbed income of its H20 artificial quality chips to China.

Nvidia this week said it expected a $5.5 cardinal net deed this 4th owed to a caller US licensing request connected GPUs (graphics processing units) with bandwidths akin to the H20, the superior spot it could legally merchantability successful China.

Shares successful the institution edged little connected Thursday greeting aft slumping astir 7 percent connected Wednesday.

In Beijing, Huang met with Vice Premier He Lifeng, telling him that helium "looked favourably upon the imaginable of the Chinese economy", according to authorities quality bureau Xinhua.

Huang said helium was "willing to proceed to plough profoundly into the Chinese marketplace and play a affirmative relation successful promoting US-China commercialized cooperation", Xinhua said.

The study cited He arsenic saying that the nationalist economy "has ever been fertile ungraded for overseas enterprises to behaviour concern and trade".

"We invited much US enterprises similar Nvidia to excavation profoundly into the Chinese marketplace and show their concern advantages and capacities, and thereby triumph the inaugural successful planetary competition," He reportedly said.

Huang besides met Ren Hongbin, caput of the China Council for the Promotion of International Trade, telling him that "China is simply a precise important marketplace for Nvidia", according to authorities broadcaster CCTV.

Nvidia, a cardinal supplier of chips utilized successful AI, is trying to support income successful China arsenic US President Donald Trump wages a commercialized warfare with Beijing.

Huang connected Thursday expressed anticipation for "continued cooperation" with China, authorities media said.

Since Trump took bureau successful January, Washington has imposed caller tariffs of up to 145 percent connected Chinese imports.

Beijing retaliated with 125 percent levies connected US goods.

Under Joe Biden, Trump's predecessor, Washington had already restricted exports to China of Nvidia's astir blase GPUs, tailored for powering top-end AI models.

Huang has said publically that Nvidia volition equilibrium ineligible compliance and technological advances nether Trump -- but has vowed that thing volition halt the planetary beforehand of AI.

"We'll proceed to bash that and we'll beryllium capable to bash that conscionable fine," the Taiwan-born entrepreneur told reporters past year.

Nvidia generated $17 cardinal successful China successful 2024, 13 percent of its full sales.

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Source: AFP