Today's Edition
BEIJING (AFP)
Nvidia CEO Jensen Huang said on Wednesday his firm was "doing [its] best" to serve China's vast market for semiconductors after meeting Beijing officials.
Huang is in the Chinese capital this week to attend the China International Supply Chain Expo, and said officials had told him the country was "open and stable".
"We spoke about... China welcoming foreign companies to invest here and build businesses here, and that China is open and stable," he told reporters at the expo.
Huang also said he had told them his firm, which this week became the first to hit $4 trillion in market value, was keen to serve the massive Chinese market for microchips needed in everything from mobile phones to electric vehicles.
"They want to know that Nvidia continues to invest here, that we are still doing our best to serve the market here," he said.
Huang also addressed the expo's opening ceremony on Wednesday morning, when he hailed China's role in pioneering artificial intelligence.
"China's open-source AI is a catalyst for global progress, giving every country and industry a chance to join the AI revolution," he said in a reference to Chinese AI startup DeepSeek.
"AI is transforming every industry, from scientific research and healthcare to energy, transportation and logistics," he said.
Huang praised China's "super-fast" innovation, powered by its "researchers, developers and entrepreneurs".
Nvidia announced on Tuesday that it will resume sales of its H20 AI chips to China after Washington pledged to remove licensing restrictions that had halted exports. The California-based company produces some of the world's most advanced semiconductors.
Nvidia developed the H20 specifically for export to China.
"The US government has assured Nvidia that licences will be granted, and Nvidia hopes to start deliveries soon," the company said in a statement Tuesday, adding it was "filing applications to sell the Nvidia H20 GPU again".
The announcement from Nvidia boosted tech firms around the world, with Wall Street's Nasdaq exchange rising to another record high.
The foreign ministry in Beijing also hailed Wednesday's expo as a "new calling card for China's high-level opening up to the outside world".
"China is willing to continue working with all parties to safeguard the stability and smooth operation of global production and supply chains and promote the building of an open world economic system," spokesman Lin Jian said.
