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Nvidia chief executive Jensen Huang visited Beijing on Thursday after new curbs from Washington on the chipmaker’s China sales sent its shares tumbling.
Huang had arrived in China on Wednesday to meet officials and tech leaders to discuss the fallout from Donald Trump’s move to further restrict its sales in the country, according to local media and a person familiar with his travel schedule.
His trip came at the invitation of the China Council for the Promotion of International Trade, a government-affiliated trade group heavily involved in facilitating US-China business relations, according to a Chinese state media post on social media service Weibo.
The post showed Huang smiling in front of cameras and said his visit had come after the chief executive had earlier said he wanted to continue co-operating with China.
On Tuesday, the Trump administration announced export restrictions on Nvidia selling its H20 chip — a lower-power version of its artificial intelligence products specifically designed for the Chinese market to align with US controls — in a move that blindsided the company.
Nvidia had been left with the impression that it could continue selling the chip to China following a meeting between Huang and Trump at Mar-a-Lago this month. The chipmaker told its major Chinese clients, including Alibaba, ByteDance and Tencent, that H20 purchases would not be affected.
Nvidia announced it would take a $5.5bn earnings hit as a result of the new controls.
The trip comes as US lawmakers are demanding information from Nvidia on whether Chinese AI group DeepSeek was able to obtain export-controlled chips.
This is a developing story
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