Nvidia CEO Jensen Huang will hold a media briefing in Beijing, China, on July 16, a company official said Sunday, July 13. This will be his second visit. He previously made a successful visit to the country in April, emphasizing the importance of the Chinese market.
Since 2022, the US government has imposed restrictions on the export of tech company Nvidia’s most advanced chips to China, specifically for military use.
The United States also banned the sale of the company’s H20 artificial intelligence chip to the country in early 2025 due to national security and military concerns. It was Nvidia’s most powerful AI chip approved for Chinese sale.
Meanwhile, Reuters reported that a bipartisan pair of US senators on Friday sent a letter to the Nvidia CEO about his trip to China, warning him to stay away from meetings with companies that work with the military or intelligence agencies of the People’s Republic of China.
American tech company Nvidia faces increasing competition from Chinese tech company Huawei and other manufacturers of graphics processing units, and GPU chips are primarily used for artificial intelligence training.
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Competition in China has increased compared to before, but top Chinese companies are attracted to Nvidia chips because of the computing platform technology known as CUDA.
China made $17 billion in revenue for Nvidia in the fiscal year that ended Jan. 26, accounting for 13 percent of the company’s total sales, according to its latest annual report. Huang has regularly highlighted China as a top market for Nvidia’s growth.
Last week, tech giant Nvidia’s market value surpassed $4 trillion for the first time, further solidifying the chipmaker’s position in the race to dominate AI technology.
Reuters’s reporting contributed to this article.