China’s Commerce Minister Wang Wentao told Nvidia (NASDAQ:NVDA) CEO Jensen Huang that Beijing wants top?quality, reliable AI products and services. Huang called the Chinese market very attractive and said Nvidia will deepen collaboration with local partners.
At a Beijing press event Huang highlighted strong demand for the China compliant H20 AI chips and promised to ramp up shipments as soon as U.S. export licenses arrive. He also unveiled the new RTX PRO chip designed for smart factories and logistics.
Meetings with Ren Hongbin and Vice Premier He Lifeng underscored China’s commitment to attracting foreign investment. Wang reiterated that the door to openness will only open wider under China’s investor?friendly policy.
This dialogue comes amid ongoing export restrictions on advanced semiconductors. Investors will be watching for license approvals and Nvidia’s ability to boost compliant chip production as key signs of growth in China.
This article first appeared on GuruFocus.
