China commerce minister says he met Nvidia CEO in Beijing
BEIJING:
China
's Commerce Minister Wang Wentao said on Friday he met with
Nvidia CEO Jensen Huang
in Beijing on Thursday.
Wang said at a press conference that Huang has been dominating social media over the past few days during his visit to China, but Wang did not provide any details about what was discussed at their meeting.
Nvidia
declined to comment.
During his third China visit this year, Huang, the founder and CEO of the world's most valuable company, also met with Ren Hongbin, chairman of China Council for the Promotion of
International
Trade and the country's Vice Premier He Lifeng.
Chinese officials told Huang they welcomed foreign companies to continue to invest in the country, the
Nvidia CEO
said at a press conference in Beijing on Wednesday.
At the event, Huang described
artificial intelligence models
from Chinese firms Deepseek, Alibaba and Tencent as "world class" and said AI was "revolutionising" supply chains.
Huang also said Chinese customers' demand for its
H20 AI chip
, which was released from U.S. export controls this week, is high but no purchase orders have been fulfilled yet as it awaits U.S. government approval for export licences.
Nvidia has also announced it is developing a new chip for Chinese clients called the RTX Pro GPU, which would be compliant with U.S. export restrictions and designed specifically for smart factories and for robot training purposes.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
13 minutes ago
- Mint
Nvidia CEO Jensen Huang reveals America's ‘unique advantage' — Donald Trump seems to love it
Nvidia CEO Jensen Huang recently heaped praise on US President Donald Trump, saying that America has a 'unique advantage' by having him as its leader. Speaking on Wednesday at an AI summit in Washington, Huang said that no other country has that advantage — a compliment that Donald Trump seemed to like as he shared a video of the Nvidia CEO's talk on his Truth Social platform. 'America's unique advantage that no other country can possibly have is President Trump,' Huang said. In a chat at the AI Summit that was also attended by Trump, Huang said that the President realised the importance of AI and energy as soon as he took over his role at the White House. 'On the first day of his administration, he realised the importance of AI, and he realised the importance of energy. For the last I don't know how many years, energy production was vilified, if you guys remember,' he said. Donald Trump, since returning as President for the second time, has rallied for various energy projects, signing executive orders one of which requires 'the automatic rescission of outdated regulations to unleash American innovation and energy production'. 'We can't create new industries without energy. You can't reshore manufacturing without energy. You can't sustain a brand new industry like artificial intelligence without energy. If we decide, as a country, the only thing we want is IP—to be an IP-only, a services-only country—then we don't need much energy. But if we want to produce things, something as vital as artificial intelligence, then we need energy.' The AI summit at Washington also saw Donald Trump heaping praise on Huang. America's unique advantage that no other country can possibly have is President Trump. 'What a job you've done,' Trump said. Throughout his address, the president name-checked and complimented Huang for his investments in tech in the US. Huang met earlier this month with the president at the White House, and last week the company announced it would be allowed to resume selling its H20 artificial intelligence chips to China as part of a recent trade truce with Beijing. The Trump administration had previously frozen the sale of those chips to China.
Mint
41 minutes ago
- Mint
Chinas Premier Li proposes global AI cooperation organisation
SHANGHAI (Reuters) -Chinese Premier Li Qiang on Saturday proposed establishing an organisation to foster global cooperation on artificial intelligence, calling on countries to coordinate on the development and security of the fast-evolving technology. Speaking at the opening of the annual World Artificial Intelligence Conference (WAIC) in Shanghai, Li called AI a new engine for growth, but adding that governance is fragmented and emphasising the need for more coordination between countries to form a globally recognised framework for AI. The three-day event brings together industry leaders and policymakers at a time of escalating technological competition between China and the United States - the world's two largest economies - with AI emerging as a key battleground. "Currently, overall global AI governance is still fragmented. Countries have great differences particularly in terms of areas such as regulatory concepts, institutional rules," Li said. "We should strengthen coordination to form a global AI governance framework that has broad consensus as soon as possible," he said. Washington has imposed export restrictions on advanced technology to China, including the most high-end AI chips made by companies such as Nvidia and chipmaking equipment, citing concerns that the technology could enhance China's military capabilities. Despite these restrictions, China has continued making AI breakthroughs that have drawn close scrutiny from U.S. officials. Li did not name the United States in his speech, but he warned that AI could become an "exclusive game" for a few countries and companies, and said challenges included an insufficient supply of AI chips and restrictions on talent exchange. China wanted to share its development experience and products with other countries, especially those in the Global South, Li said. WAIC is an annual government-sponsored event in Shanghai that typically attracts major industry players, government officials, researchers and investors. Tesla CEO Elon Musk, who has in past years regularly appeared at the opening ceremony both in-person and via video, did not speak this year. Besides forums, the conference also features exhibitions where companies demonstrate their latest innovations. This year, more than 800 companies are participating, showcasing more than 3,000 high-tech products, 40 large language models, 50 AI-powered devices and 60 intelligent robots, according to organizers. The exhibition features predominantly Chinese companies, including tech giants Huawei and Alibaba and startups such as humanoid robot maker Unitree. Western participants include Tesla, Alphabet and Amazon.
&w=3840&q=100)
Business Standard
43 minutes ago
- Business Standard
India now supplies one-third of US smartphone imports, eroding China's lead
As of mid-2025, India accounts for 36 per cent of US smartphone imports, up from 11 per cent a year ago, according to a report by The Indian Express. The shift is driven largely by Apple's expanding manufacturing footprint in India, underpinned by policy incentives and rising geopolitical tensions with China. Between January and May 2025, the US imported 21.3 million smartphones from India, more than triple the volume from the same period last year. In value terms, Indian-made smartphones shipped to the US surged 182 per cent year-on-year to $9.35 billion, already surpassing the full-year figure for 2024. Smartphones are currently India's top export to the US by value. China's smartphone export to US shrink China remains the largest smartphone supplier to the US, but has seen its dominance shrink. Shipments dropped by 27 per cent in the first five months of the year to 29.4 million units, valued at around $10 billion. China's share of US smartphone imports fell from 82 per cent in early 2024 to 49 per cent in 2025. Vietnam followed with 14 per cent of shipments, or 8.3 million units. Facing this decline, Chinese manufacturers have begun slashing prices to stay competitive. According to data from China's General Administration of Customs, the average export price of smartphones shipped to the US fell 45 per cent in June compared to a year earlier. As earlier reported by Business Standard, the price cuts come despite a temporary pause on new tariff hikes under a 90-day trade truce between Beijing and Washington. Most Chinese goods continue to face a combined tariff of around 30 per cent, with smartphones subject to a 20 per cent tariff imposed earlier this year. The pressure on Chinese exports has been severe. Smartphone shipments to the US fell 71 per cent in June alone. In April, Chinese exports of Apple iPhones and other mobile devices plunged 72 per cent to under $700 million — the lowest monthly value since 2011. Apple accelerate India-made iPhone production In contrast, Apple has accelerated its manufacturing shift to India. Apple began shifting production to India in 2020, starting with older models and now including the full iPhone lineup through its contract manufacturers such as Foxconn. Roughly 20 per cent of its global iPhone production is now based here. In May, Foxconn announced a $1.49 billion investment in its Indian unit, Yuzhan Technologies, to expand production in Tamil Nadu. India's supply chain is still smaller than China's, but growing. Apple's Indian suppliers rose from 14 in 2023 to 64 in 2025, compared to 157 in China. Rise of India's electronic manufacturing sector India's overall electronics manufacturing has also seen significant growth. According to government data, the number of mobile manufacturing units rose from just two in 2014-15 to 300 in 2024-25. Mobile phone production grew 28-fold to ₹5.45 trillion, with exports climbing 127 times to ₹2 trillion during the same period. The sector has attracted over $4 billion in foreign direct investment since FY21, including $2.8 billion from PLI beneficiaries. Meanwhile, US President Donald Trump has threatened to impose a 25 per cent tariff on Indian-made iPhones, pressing for a return of manufacturing to US soil. Despite this, the tech giant and its partners appear committed to India as a long-term manufacturing base.
