Nvidia CEO visits Beijing amid tariff war, restrictions on chips

​​​​​​​By Saadet Gokce and Berk Kutay Gokmen

ISTANBUL (AA) - CEO Jensen Huang of US-based chip company, Nvidia, visited Beijing on Thursday amid a tariff war with Washington, and recent chip export restrictions, according to the South China Morning Post.

Washington banned the leading chip company from selling its H20 chips to China for the "indefinite future," according to a filing Tuesday by Nvidia, causing expectations of losses of up to $5.5 billion in the fiscal first quarter.

Huang met Vice Premier He Lifeng and Chinese AI start-up DeepSeek's CEO Liang Wenfeng, said the Financial Times.

Huang said Nvidia would “spare no effort” to advance its chips to fit products to comply with regulatory requirements, and would “unswervingly serve the Chinese market.”

The Nvidia CEO expressed hope that Beijing and his company would “continue cooperating” since China is “a very important market for Nvidia.”

The US informed Nvidia on April 9 that it would require a license for export to China, including Hong Kong and Macau, and D5 countries -- Estonia, Israel, New Zealand, South Korea and the UK -- or to companies headquartered or with an ultimate parent therein, of the H20 integrated circuits and any other circuits achieving the H20’s memory bandwidth, interconnect bandwidth or combination thereof.

Separately, Chinese tech company, Huawei Technologies, launched an enhanced version Wednesday of its AI-powered eyeglasses, intensifying competition in the already saturated wearable hardware market.

The eyewear features a titanium frame and upgraded AI-powered capabilities, enabling it to perform gesture control, voice commands and real-time translation, according to a report by South China Morning Post.