As the Trump administration seeks to further limit the sale of advanced processors and AI technology to China, the CEO of leading AI chip producer Nvidia visited Beijing on April 17 at the invitation of the CCPIT trade council.
While in China, Jensen Huang, the CEO of the American company Nvidia, met with the founder of DeepSeek (called the Chinese response to ChatGPT) and with Vice-Premier of China He Lifeng, Financial Times reports.
The visit comes two days after Nvidia announced that it expects to lose over $5 billion in earnings because of new U.S. restrictions on the export of its H20 chip—a lower-powered chip which had been designed for compliance with export controls put in place by the Biden administration.
Nvidia’s China sales totaled $17 billion last year.
Huang, a Taiwanese-American who moved to the U.S. at the age of nine, founded his Silicon Valley firm in 1993 and has led it to a dominant position in AI hardware.
