Nvidia's Huang May Have Won China Reprieve
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Behind closed doors with Trump. Center stage in Beijing. Nvidia (NVDA) just pulled off the tech pivot of the year.
Every Friday, we recap highlights of the news from China. Some high-profile visits to China happened this week, and important data was released.
Nvidia CEO Jensen Huang visits China, praises its electric vehicles and tech innovation, calls Xiaomi a miracle, and hopes for stronger US-China tech ties.
Nvidia is set to recoup billions of dollars in revenue as the Trump administration has signaled it will grant licenses for the company to resume sales of its AI chips to China after a surprise export ban in April.
Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone.
Jensen Huang, the chipmaker’s chief executive, is trying to balance his company’s interests as the United States and China compete for supremacy in artificial intelligence.