High-Level Discussions Between Nvidia and Chinese Officials

In a significant meeting in Beijing, Chinese Vice Premier He Lifeng welcomed Nvidia Corporation CEO Jensen Huang, as reported by Xinhua News Agency. The discussions highlighted the importance of Sino-American economic cooperation.

China's Open Invitation 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 Amid Challenges

Jensen Huang expressed Nvidia's dedication to expanding its operations in China, aiming to foster positive economic and trade relations 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.