BUSINESS

Nvidia Chief Holds Rare Meeting with Chinese Official to Reaffirm Commitment to Collaboration

Published: Apr. 18, 2025 4:59 a.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

Nvidia CEO Jensen Huang meets with Ren Hongbin, chairman of the China Council for the Promotion of International Trade, in Beijing on April 17. 2025.

Jensen Huang, the CEO of Nvidia, met with the head of China’s trade promotion agency in Beijing on Thursday, reaffirming the company's commitment to the Chinese market despite escalating U.S. export restrictions on AI chips.

Huang’s meeting with Ren Hongbin, chairman of the China Council for the Promotion of International Trade (CCPIT), marked a rare meeting between the top executive of the U.S. chip giant and Chinese authorities. The meeting was held at the invitation of the CCPIT.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

Nvidia CEO Jensen Huang reaffirmed commitment to the Chinese market amid U.S. AI chip export restrictions, emphasizing collaboration with Chinese partners.
U.S. restrictions on H20 chip sales could cut Nvidia's China market share drastically, impacting annual revenue by $14-$18 billion.
Nvidia plans significant U.S. AI infrastructure investments, partnering with Foxconn and Wistron to build factories, following escalating export controls.

AI generated, for reference only

Who’s Who

Nvidia: Nvidia, led by CEO Jensen Huang, remains committed to China despite U.S. AI chip export restrictions. Its H20 chip, tailored for China, faces a potential ban, threatening billions in revenue. Nvidia’s China revenue has declined significantly, while U.S. and Singapore markets grow. To counter restrictions, the company plans $500 billion in U.S.-based AI infrastructure investments, collaborating with Foxconn and Wistron to build server factories. Huang recently met with Chinese authorities, emphasizing Nvidia’s dedication to the market.

Foxconn: Foxconn has partnered with Nvidia to build AI server factories in Houston and Dallas, with production set to begin within 12 to 15 months.

Wistron: Wistron is partnering with Nvidia to build AI server factories in the U.S., specifically in Houston and Dallas. Production is expected to start within 12 to 15 months.

AI generated, for reference only