Nvidia’s Future in China Remains Unclear After Trump-Xi Summit

Key Points:

• Nvidia CEO Jensen Huang joined President Trump's delegation to Beijing, raising hopes for progress on Nvidia's AI chip sales in China, but no clear resolution emerged after the summit with Xi Jinping.
• Despite U.S. approval last December for Nvidia to sell its powerful H200 AI chip to China, Beijing has not authorized any purchases, instead promoting domestic technology from companies like Huawei.
• Chinese tech firms are increasingly optimizing AI models for homegrown chips, as exemplified by DeepSeek's recent announcement of Huawei chip compatibility, signaling a shift away from reliance on U.S. technology.
• U.S. trade representative Jamieson Greer emphasized that China's decision to purchase Nvidia chips remains sovereign, and export controls on advanced technology were not discussed during the recent talks.
• President Trump acknowledged China's preference for developing its own chips but expressed optimism that China might eventually buy Nvidia's H200, indicating potential future progress in chip sales.