Nvidia CEO Jensen Huang will maintain a media briefing in Beijing on Wednesday, an official from the corporate stated on Sunday, marking his second go to to the nation after a visit in April the place he careworn the significance of the Chinese language market.
Since 2022, the U.S. authorities has imposed restrictions on the export of Nvidia’s most superior chips to China, citing considerations over potential army purposes.
The U.S. additionally imposed a ban earlier this yr on gross sales of Nvidia’s H20 synthetic intelligence chips to the nation — which had been Nvidia’s strongest AI chip cleared for Chinese language gross sales.
Huang’s newest go to has been closely-watched in each the U.S. and China.
A bipartisan pair of U.S. senators on Friday despatched a letter to Huang about his China journey, asking him to abstain from assembly with corporations which are working with army or intelligence our bodies within the Folks’s Republic of China.
The senators additionally requested Huang to chorus from assembly with entities named on the U.S.’ restricted export listing.
China generated $17 billion in income for Nvidia within the fiscal yr ended Jan. 26, accounting for 13% of the corporate’s whole gross sales, primarily based on its newest annual report.
Huang has persistently highlighted China as a vital marketplace for Nvidia’s progress.
Nvidia has confronted elevated competitors from Chinese language tech big Huawei and different makers of graphics processing items — the chips used to coach synthetic intelligence.
However Chinese language corporations, together with its massive tech companies, nonetheless crave Nvidia chips as a result of firm’s computing platform often called CUDA.
Nvidia’s market worth topped $4 trillion for the primary time final week, solidifying the chipmaker’s place as Wall Avenue’s central participant in a race to dominate AI expertise.
