Strategic Meeting in Beijing

Chinese Vice Premier He Lifeng met with Nvidia Corporation CEO Jensen Huang in Beijing, as reported by Xinhua News Agency. The discussions highlighted the importance of Sino-American economic and trade cooperation.

Call for Expanded Presence

Vice Premier He encouraged American companies, including Nvidia, to increase their footprint in China, describing the country as a fertile ground for foreign investment and trade.

Nvidia's Commitment to China

Jensen Huang expressed Nvidia's intention to grow its business operations in China, aiming to contribute positively to the economic and trade relations between the United States and China.

Impact of US Restrictions

The meeting comes in the wake of US-imposed restrictions on Nvidia's AI chip exports to China, with the company anticipating a significant sales loss of $5.5 billion as a result of these measures.