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Nvidia’s CEO makes surprise visit to Beijing after US restricts chip sales to China
- Nvidia's CEO, Jensen Huang, made a surprise visit to Beijing after the US imposed fresh restrictions on chip sales to China.
- Huang visited on invitation of a trade organization and met with Chinese officials, expressing a desire to continue cooperation with China.
- The visit followed US restrictions on sales of Nvidia's H20 datacentre GPUs designed to comply with Biden-era rules on sales to China.
- The restrictions are part of the US-China battle for AI supremacy and are expected to cost Nvidia $5.5bn in earnings.
- The tech industry, including Nvidia, faces pressure from US restrictions and tariffs on tech supplies to China.
- Nvidia recently announced plans to invest in AI infrastructure in the US, aligning with the Trump administration's policies.
- The company may work on new chip designs for an AI company, DeepSeek, to circumvent US bans on certain technologies.
- Huang stated Nvidia's commitment to legal compliance and technological advancement, emphasizing the global progress of AI.
- Huang's visit stirred reactions on social media, highlighting his celebrity status in Taiwan and the impact of Trump's tariffs on global markets.
- Trump's trade policies, including tariffs and negotiations with countries like Japan, have caused chaos and uncertainty in global trade relations.
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