Nvidia chief executive Jensen Huang landed in Beijing this week for high-level talks with Chinese officials and tech leaders, following a fresh wave of U.S. export restrictions that rocked the chipmaker’s share price and raised concerns over its future in the Chinese market.
According to Chinese state media and sources familiar with the matter, Huang arrived in China on Wednesday and met with government representatives and industry executives to address the fallout from the Trump administration’s surprise move to block sales of Nvidia’s H20 chip — a key AI product tailored for China.
The visit was arranged by the China Council for the Promotion of International Trade, a state-linked organization that plays a pivotal role in managing commercial ties between the U.S. and China. A social media post from the group showed Huang smiling for the cameras, noting his continued desire to cooperate with China despite growing geopolitical and regulatory tensions.
As reported by the Financial Times, Nvidia had expected it would be allowed to continue selling the H20 chip after a recent meeting between Huang and President Trump at Mar-a-Lago. The company had reassured major Chinese clients — including Alibaba, ByteDance, and Tencent — that the product would not be impacted by U.S. restrictions.
However, Tuesday’s announcement from Washington blindsided the chipmaker, forcing Nvidia to revise its earnings outlook. The company has now projected a $5.5 billion hit as a direct result of the new export controls.
The diplomatic turbulence surrounding Nvidia comes amid heightened scrutiny from U.S. lawmakers, who are demanding details on whether Chinese AI startup DeepSeek may have accessed restricted Nvidia chips — a potential breach of national security rules.
