Nvidia CEO travels to China to 'save himself'.

Analysts believe that CEO Jensen Huang's visit to China shows Nvidia is seeking to maintain business partnerships despite US restrictions.

On April 17th, CEO Jensen Huang made a surprise visit to China to meet with high-ranking officials. He wanted to convey the chipmaking giant's commitment to partners in the billion-person market amid tightening restrictions on semiconductor exports by the Washington administration.

According to Xinhua news agency, Huang met with He Lifeng, China's Vice Premier in charge of US-China trade negotiations. The Nvidia CEO said the company would strengthen its presence in the Chinese market thanks to positive growth prospects.

Meanwhile, the Vice Premier told Huang that China welcomes American businesses, including Nvidia, to invest in the country to take advantage of its "industrial advantages and capabilities." The Financial Times reported that Huang also met with Liang Wenfeng, the founder of DeepSeek, in Beijing to discuss new chip designs for the AI ​​company that would not violate the new ban.

Huang's visit to Beijing came a day after the company revealed that the U.S. had further tightened export licensing regulations, including for Nvidia's H20 chips sold in the Chinese market. The latest restrictions could cost Nvidia up to $5.5 billion .

"We use AI for research, chip design, and supply chain management. As a result, AI has had a significant impact across many industries. But this is just the beginning, as every industry will be affected," said CEO Jensen Huang.

Jay Puri, Nvidia's Executive Vice President of Global Business, and Raymond Teh, Nvidia's Vice President of Sales and Marketing for the Asia- Pacific region, also appeared alongside CEO Jensen Huang in China. Their mission was to reassure Chinese officials and customers that the company was maintaining business relationships despite US restrictions.

Meanwhile, two Chinese tech giants, Tencent Holdings and ByteDance, have ordered a combined total of approximately 460,000 Nvidia Hopper series chips by 2024. This figure is second only to Microsoft, which has purchased 485,000 chips, according to data from research firm Omdia.

Source: https://znews.vn/ceo-nvidia-phai-tu-cuu-minh-post1547021.html