Nvidia CEO Jensen Huang was in Beijing on Thursday (17) for meetings with Chinese authorities and customers, days after the United States expands restrictions on the company’s chip sales in the Asian country. The visit occurs after Nvidia estimates an impact of $ 5.5 billion on its results due to the ban on export of the H20 chip to China, news that.
According to sources heard by Financial TimesHuang met with the Chinese deputy deputy, he Lifeng, and the founder of Artificial Intelligence Startup Deepseek, Liang Wenfeng. The agenda included the possibility of developing a new chip that simultaneously meets the regulatory requirements of the US and China.
In statement to the state station CCTVHuang said China is “a very important market for Nvidia” and hopes to “continue cooperating” with the country. The visit was organized after the Chinese government approved a meeting for a meeting made by Nvidia earlier this week, said the FT.
The H20, specifically developed to circumvent the Biden era export controls, was included in a new round of restrictions imposed by the Trump administration, which requires special license for its sale to the Chinese market. With this, the product, responsible for much of the company’s sales in the country, was suspended.
Nvidia had $ 17 billion in revenues in China last year. Even before the new restriction, the business environment was already facing challenges: the Chinese government has pressured local companies to adopt Huawei chips, such as the Ascend model, despite the performance difficulties faced by these products.
During the visit, Huang also discussed how to meet the growing demand for Generative AI in China, an area where DeepSeek has been gaining prominence. In January, the Chinese company presented a competitive model with US solutions, but trained at significantly lower cost, which generated questions at the US Congress about the company’s access to restricted chips.
