High-Level Meeting Between Nvidia and Chinese Officials

Chinese Vice Premier He Lifeng recently hosted Nvidia Corporation CEO Jensen Huang in Beijing, as reported by Xinhua News Agency. The discussions highlighted the growing importance of Sino-American economic relations amidst current challenges.

China's Appeal to American Businesses

Vice Premier He emphasized China's welcoming stance towards foreign investment, urging American companies, including Nvidia, to deepen their market presence in China. He described the country as a fertile ground for trade and investment opportunities.

Nvidia's Commitment Amidst Challenges

Jensen Huang expressed Nvidia's intention to expand its operations in China, aiming to bolster economic and trade cooperation between the US and China. This comes at a time when Nvidia faces significant sales losses due to recent US restrictions on AI chip exports to China, estimated at $5.5 billion.