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Nvidia CEO Huang to meet Trump before China trip, source says

Daniel Nenni

Daniel Nenni

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WASHINGTON (Reuters) -Nvidia CEO Jensen Huang will meet U.S. President Donald Trump at the White House on Thursday, a day before the chip designer's head plans to visit China, according to a source familiar with the matter.

The meeting with Trump comes as Nvidia's market value closed above $4 trillion for the first time on Thursday, cementing its status as one of Wall Street's most sought-after stocks.

Details of the discussions between the two were not immediately available. The meeting was first reported earlier by Bloomberg.

Nvidia and the White House did not immediately respond to Reuters requests for comment.

Huang has criticized the export restrictions the Trump administration imposed in April that stopped Nvidia from selling its H20 chip made for the China market, which he called "a springboard to global success".

The export curbs cost the artificial intelligence chipmaker $2.5 billion in sales during the first quarter and Nvidia expects a sales hit of $8 billion in the second quarter.

Nvidia would no longer include the China market in its revenue and profit forecasts after the stringent U.S. trade restrictions on chip sales to the region, Huang told CNN in June.

 

Nvidia CEO Touches Down in Beijing​

Jensen Huang meets Chinese ministers and regulators to keep market access flowing.​


Nvidia’s Jensen Huang will hold high-level discussions in Beijing during the Supply Chain Expo.

Article's Main Image


Jensen Huang is heading to Beijing next week for the International Supply Chain Expo, and he's planning some one-on-one time with China's commerce minister and other senior officials.

It's all about keeping Nvidia's place in the world's second-largest market solid, even as export rules tighten back home. With Washington rolling out stricter AI chip curbs, these conversations could smooth the way for new supply-chain partnerships or maybe even carve out some regulatory breathing room.

Nvidia (NVDA, Financial) hasn't commented, but everyone's watching to see if Huang's diplomatic charm can pay off. Last month Huang warned that tough U.S.

limits might give Huawei an opening, so there's plenty on the line. It's also worth noting Nvidia just hit a $4 trillion market cap and saw its stock tick up when news of this trip broke.

All eyes will be on any hints of joint ventures or eased barriers. If Huang can land some wins in Beijing, it would help Nvidia keep its edge in the global AI race and investors will be quick to cheer any positive developments.

 
hist78 said:
Serving as a goodwill messenger, or acting as the responsible adult in the room between Trump and Xi, is a risky job.
Click to expand...

I will tell you a story of one corporate visit to China of one F500 executive back 16 years ago.

They are flown by their corporation to Shanghai on a private jet, to meet all the powerful people, and secure a communist blessing to exploit slave labour there.

As they are entering the meeting hall, two muscular men grab him by both hands from behind and start pulling him, along with few others being led away. At that moment he curses the entire creation, and thinks he is about to end in the gulag.

— "The meeting is for the officials only", they tell him

At the same time there comes a communist party official, and start to greet people in the front as he is led out.

Those in the hall want to explain that executives to talk business matters are still coming, and they are somewhere behind. They still didn't realise what was happening.

Then the interpreter comes out looking for them. — "Ah, here you are, here please meet our boss"

They mistook his interpreter for his boss, and everyone Chinese looking as some insignificant servants or something.

Of course, after such fright of a lifetime, he decided to scrap the deal, and from then on he knew how it feels in the shoes of those Chinese workers.
 
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hist78 said:
Serving as a goodwill messenger, or acting as the responsible adult in the room between Trump and Xi, is a risky job.
Click to expand...

Not risky for the four trillion dollar man! I did not ever think I would see the day that a semiconductor company was the most valuable in the world. Bringing world peace? I would not bet against Jensen.
 
:ROFLMAO:

US senators warn Nvidia CEO about upcoming China trip​


SAN FRANCISCO (Reuters) -A bipartisan pair of U.S. senators sent a letter to Nvidia CEO Jensen Huang on Friday about an upcoming trip to China, warning the CEO to refrain from meeting with companies that are suspected of undermining U.S. chip export controls.

The letter from Republican Senator Jim Banks and Democratic Senator Elizabeth Warren asked Huang to also abstain from meeting with representatives of companies that are working with the People's Republic of China's military or intelligence bodies. The senators also asked Huang to refrain from meeting with entities named on the U.S. restricted export list.

"We are worried that your trip to the PRC could legitimize companies that cooperate closely with the Chinese military or involve discussing exploitable gaps in U.S. export controls," the senators wrote.

Huang planned to visit China on Friday.

An Nvidia spokesperson said, "American wins" when its technology sets "the global standard," and that China has one of the largest bodies of software developers in the world. AI software "should run best on the U.S. technology stack, encouraging nations worldwide to choose America," the spokesperson said.

In May at the Computex trade show in Taipei, Huang praised President Donald Trump's decision to scrap some artificial intelligence chip export controls and described the prior diffusion rules as a failure.

U.S. restrictions in April on AI chips Nvidia modified to comply with export controls to China would reduce Nvidia's revenue by $15 billion, the CEO said.

The hardware necessary to power advanced AI is now subject to a bipartisan consensus related to the free export of such hardware, the senators wrote. Advanced AI hardware could "accelerate the PRC's effort to modernize its military," the letter reads.

U.S. lawmakers have grown increasingly concerned about efforts to circumvent export controls to China and proposed a law that would force AI chip companies to verify the location of their products.

Last month, Reuters reported that a senior U.S. official said the AI firm DeepSeek is aiding China's military and intelligence operations, and sought to use shell companies to circumvent U.S. AI chip export controls to China.

Nvidia is planning to launch a cheaper version of its flagship Blackwell AI chips for China, Reuters reported in May.

The senators said in the letter they had previously expressed concern that Nvidia's actions could support the AI and chip industries in China and cited Nvidia's new research facility in Shanghai as an example.

 
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