Nvidia CEO Jensen Huang said on Wednesday his firm was "doing our best" to serve China's vast market for semiconductors after meeting Beijing officials."They want to know that Nvidia continues to invest here,

The approvals mark a major reversal after April’s sweeping restrictions, imposed by the Trump administration, barred companies from selling certain advanced semiconductors to China. Those rules left Nvidia facing a $4.5 billion inventory write-down, as it had no alternative buyers for its H20 chips.

Nvidia’s CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used to develop artificial intelligence to China. The news came in a company blog post late on Monday and Huang also spoke about the coup on China’s state-run CGTN television network in remarks shown on X.

Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips to China. Wake up to the day's most important news. Sign up for HuffPost's Morning Email.

Nvidia CEO Jensen Huang commended Chinese AI leaders Deepseek, Alibaba (NYSE:BABA), and Tencent as world class at the China International Supply Chain Expo in Beijing, emphasizing AIs transformative impact on

BEIJING: Nvidia CEO Jensen Huang called China's open-source artificial intelligence a "catalyst for global progress" and hailed the country's innovation in the sector as he addressed an expo in Beijing on Wednesday (Jul 16).

Nvidia was informed by the U.S. government in April that it needs a license to export its China-specific H20 chip into that market. The company took a $4.5 billion charge on account of the excess inventory of the unsold H20 chips that it was left with. Nvidia also lost $2.5 billion in revenue because of this restriction during the quarter.

Nvidia CEO Jensen Huang moved ahead of LVMH’s Bernard Arnault to become the world’s sixth-richest person as shares of the chipmaker rallied to an all-time high Tuesday, after the company said sales of its H20 AI chips would resume “soon” in China,