Overview

• Jensen Huang, Nvidia's CEO, is in Beijing for high-level talks with Chinese officials and major clients following the U.S. ban on H20 AI chip exports.
• The U.S. imposed new licensing requirements on Nvidia's H20 chips, citing national security concerns, marking the latest escalation in tech trade tensions with China.
• Nvidia anticipates a $5.5 billion quarterly revenue loss due to the restrictions, which have also caused a 7% drop in the company’s stock price.
• Huang met with Ren Hongbin, head of the China Council for the Promotion of International Trade, expressing hopes for continued cooperation with China.
• China accounted for 13% of Nvidia’s 2024 sales, making it a critical market as the company navigates regulatory challenges and geopolitical pressures.