Tech war: Nvidia CEO Huang says China a ‘key market’ on Beijing visit, as US bans AI chips

Tech war: Nvidia CEO Huang says China a ‘key market’ on Beijing visit, as US bans AI chips

Nvidia founder and CEO Jensen Huang has made a surprise visit to Beijing, meeting Chinese officials a day after the US chip giant disclosed that Washington will now require a licence to export its H20 chips to China, a move the company expects to cost it US$5.5 billion.

Huang’s visit comes as Beijing and Washington have locked horns in a tariff war, with Nvidia being one of the US tech leaders bearing the brunt of hostilities between the two countries. Huang had dinner with US President Donald Trump a week ago.

According to posts on a social media account affiliated with the state-owned China Central Television (CCTV), Huang arrived in Beijing on Thursday at the invitation of the China Council for the Promotion of International Trade, a state-backed body representing Chinese exporters.

Huang, 62, met with Ren Hongbin, chairman of the council, and expressed hope that Nvidia could continue to cooperate with China given that it is a “key market” for the company, according to a report by CCTV on Thursday.

Nvidia did not immediately respond to a request for comment on Huang’s trip on Thursday.

Nvidia’s shares fell 6.9 per cent in the US on Wednesday after it disclosed the H20 restrictions.

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