Nvidia is not giving up on China, CEO Jensen Huang makes surprise trip to China; says ‘Hope to …’

Nvidia is not willing to give up on China. According to a report in Financial Times, Nvidia chief executive officer (CEO) Jensen Huang visited Beijing this week to meet clients and Chinese officials. Huang’s visit comes after new US export restrictions on the chipmaker’s H20 chip that triggered a $5.5bn earnings hit for Nvidia. H20 chip is a lower-powered model that is reportedly designed to comply with former export controls to China announced by the Joe Biden administration.

Huang is said to have met with DeepSeek’s founder Liang Wenfeng to discuss designing next-generation chips compliant with US and Chinese regulations, according to two people familiar with his travel schedule.