BEIJING: Nvidia CEO Jensen Huang arrived in Beijing on Thursday (Apr 17), state media mentioned, days after america curbed gross sales of its H20 synthetic intelligence chips to China.
Nvidia this week mentioned it anticipated a US$5.5 billion earnings hit this quarter as a consequence of a brand new US licensing requirement on GPUs (graphics processing items) with bandwidths much like the H20, the first chip it may 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 accordance with state broadcaster CCTV.
His firm, a key supplier of chips utilized in AI, is working to attempt to preserve 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 mentioned.
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 mentioned publicly that Nvidia will stability authorized compliance and technological advances beneath Trump – however has vowed that nothing will cease the worldwide advance of AI.
“We’ll proceed to try this and we’ll be capable to do this simply fantastic,” 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.
