Nvidia CEO Jensen Huang joined a high-level U.S. business delegation during President Donald Trump's state visit to Beijing to discuss trade and technology relations with Chinese President Xi Jinping.
Key points
- President Donald Trump personally invited Jensen Huang to join the delegation after initial media reports noted his absence.
- The U.S. Commerce Department has approved approximately 10 Chinese firms to purchase Nvidia's H200 artificial intelligence chips, though no deliveries have been completed.
- Chinese firms have reportedly hesitated to finalize orders due to guidance from Beijing and concerns over domestic technology development.
- The proposed chip sales include a revenue-sharing arrangement where the U.S. would receive 25 percent of proceeds.
Why it matters
The visit highlights the complex intersection of U.S.-China trade relations and the global competition for dominance in artificial intelligence hardware.
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