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yesterday

Nvidia’s Jensen Huang Heads to Beijing Under Bipartisan Warning on Chip Exports

A bipartisan Senate letter urged him to avoid restricted Chinese firms to protect U.S. chip export controls ahead of his Beijing trip.

A screen displays news on "Nvidia hits $4T market cap" on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 9, 2025.
Nvidia CEO Jensen Huang speaks as he visits Lawrence Berkeley National Lab to announce a U.S. supercomputer to be powered by Nvidia's forthcoming Vera Rubin chips, in Berkeley, California, U.S., May 29, 2025. REUTERS/Manuel Orbegozo/File Photo
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Overview

  • Senators Elizabeth Warren and Jim Banks warned Huang to refrain from meeting Chinese companies on the U.S. restricted export list or those linked to military or intelligence bodies.
  • Huang is set to meet senior Chinese officials, including the commerce minister, at the International Supply Chain Expo following Nvidia’s brief rise to a $4 trillion market valuation.
  • Nvidia plans to introduce a lower-spec, export-compliant version of its Blackwell AI chips for China to align with U.S. restrictions and sustain market access.
  • The CEO has labeled U.S. export controls a “failure” for American businesses and said Nvidia will “work through” President Trump’s semiconductor tariffs despite potential disruptions.
  • Congressional proposals are moving to require AI chip makers to verify end-user locations and tighten licensing to block technology transfers to China’s military.