Trump snubs Jensen Huang for his trip to China
Sherwood News • • business
Key Points:
- Nvidia CEO Jensen Huang, despite previous cooperation with President Trump and participation in various international events, was not invited to join Trump's upcoming high-stakes China trip, which is focusing more on agriculture and commercial aviation.
- Nvidia has significant business interests in China, particularly for its advanced H200 GPUs, but Chinese officials have blocked imports of these chips despite strong demand from Chinese AI companies.
- The Trump administration implemented a licensing scheme allowing limited sales of Nvidia’s chips to approved buyers in China, with the U.S. government receiving a 25% cut, but ongoing import restrictions have disrupted Nvidia’s production plans.
- Nvidia recently halted production of H200 chips due to uncertainty over China sales and is shifting focus to its newer Vera Rubin chips amid increasing competition from China’s domestic AI technology industry.
- Nvidia’s CFO expressed uncertainty about future sales of H200 GPUs in China, with the company set to report its first-quarter FY2027 earnings on May 20.