Jensen Huang, the CEO of Nvidia, is set to hold a high-profile media briefing in Beijing on July 16. This is his second visit to China; he previously visited in April during a surprise trip to Beijing following US restrictions on chip sales to China.
This trip by Huang highlights Nvidia’s strategic focus on maintaining ties with China despite growing US export controls.
US imposed restriction on China in 2022
The US imposed restrictions on Nvidia’s most advanced AI chips in 2022 due to national security concerns, including a recent ban on the H20 chip. Despite rising competition from domestic firms such as Huawei, Nvidia remains committed to dominating through its CUDA platform, which is widely adopted across the Chinese developer ecosystem.
China remains the fourth-largest export market for Nvidia, accounting for almost 13%—around $17 billion—of Nvidia’s annual revenue.
Jensen Huang Firm decision to visit China
Huang’s briefing arrives amid growing scrutiny in the US Senators Banks and Warren recently cautioned him against meeting firms linked to the Chinese military or those on the restricted export list.
Nvidia, however, emphasizes that “America wins when its technology sets the global standard,” citing China’s large developer base.
Jensen Huang’s Nvidia is the most valuable company
Nvidia has now become the most valuable company on the New York Stock Exchange, worth over $4 trillion. Huang’s upcoming briefing could signal the company’s intentions for future growth and market strategy. Nvidia may potentially focus on scaling operations and developing customized products.
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
He is committed to entrenched data, facts, research, solutions, and a dedication to value-based journalism. He has covered trade tariff wars, international alliances, corporate policies, government initiatives, regulatory developments, along with micro- and macroeconomic shifts impacting global fiscal dynamics.
