Latest news with #NvidiaH20GPU
Al Etihad
2 days ago
- Business
- Al Etihad
Nvidia's Huang says 'doing our best' to serve Chinese market
16 July 2025 12:43 BEIJING (AFP)Nvidia CEO Jensen Huang said on Wednesday his firm was "doing [its] best" to serve China's vast market for semiconductors after meeting Beijing is in the Chinese capital this week to attend the China International Supply Chain Expo, and said officials had told him the country was "open and stable"."We spoke about... China welcoming foreign companies to invest here and build businesses here, and that China is open and stable," he told reporters at the also said he had told them his firm, which this week became the first to hit $4 trillion in market value, was keen to serve the massive Chinese market for microchips needed in everything from mobile phones to electric vehicles."They want to know that Nvidia continues to invest here, that we are still doing our best to serve the market here," he also addressed the expo's opening ceremony on Wednesday morning, when he hailed China's role in pioneering artificial intelligence."China's open-source AI is a catalyst for global progress, giving every country and industry a chance to join the AI revolution," he said in a reference to Chinese AI startup DeepSeek. "AI is transforming every industry, from scientific research and healthcare to energy, transportation and logistics," he said. Huang praised China's "super-fast" innovation, powered by its "researchers, developers and entrepreneurs".Nvidia announced on Tuesday that it will resume sales of its H20 AI chips to China after Washington pledged to remove licensing restrictions that had halted exports. The California-based company produces some of the world's most advanced developed the H20 specifically for export to China."The US government has assured Nvidia that licences will be granted, and Nvidia hopes to start deliveries soon," the company said in a statement Tuesday, adding it was "filing applications to sell the Nvidia H20 GPU again".The announcement from Nvidia boosted tech firms around the world, with Wall Street's Nasdaq exchange rising to another record foreign ministry in Beijing also hailed Wednesday's expo as a "new calling card for China's high-level opening up to the outside world". "China is willing to continue working with all parties to safeguard the stability and smooth operation of global production and supply chains and promote the building of an open world economic system," spokesman Lin Jian said.
HKFP
2 days ago
- Business
- HKFP
Nvidia CEO says China's open-source AI a ‘catalyst for progress'
Nvidia CEO Jensen Huang called China's open-source artificial intelligence a 'catalyst for global progress' and hailed the country's innovation in the sector as he addressed an expo in Beijing on Wednesday. Beijing is using this week's China International Supply Chain Expo as a forum to boost its image as the global defender of free trade — in contrast to the tariff chaos sparked by US President Donald Trump. Addressing the expo's opening ceremony, Huang — whose firm this week became the first to touch US$4 trillion in market value — hailed China's role in pioneering AI. 'China's open-source AI is a catalyst for global progress, giving every country and industry a chance to join the AI revolution,' he said in a reference to Chinese AI startup DeepSeek. 'AI is transforming every industry, from scientific research and healthcare to energy, transportation and logistics,' he said. Huang praised China's 'super-fast' innovation, powered by its 'researchers, developers and entrepreneurs'. Nvidia announced on Tuesday that it will resume sales of its H20 AI chips to China after Washington pledged to remove licensing restrictions that had halted exports. The California-based company produces some of the world's most advanced semiconductors but cannot ship its most cutting-edge chips to China due to concerns that Beijing could use them to enhance military capabilities. Nvidia developed the H20 — a less powerful version of its AI processing units — specifically for export to China. However, that plan stalled when the Trump administration tightened export licensing requirements in April. 'The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,' the company said in a statement Tuesday, adding it was 'filing applications to sell the Nvidia H20 GPU again'. The announcement from Nvidia boosted tech firms around the world, with Wall Street's Nasdaq exchange rising to another record high and stocks in Hong Kong also rallying. 'Multiple risks intertwining' The tightened US export curbs come as China's economy wavers, with domestic consumers reluctant to spend and a prolonged property sector crisis weighing on growth. President Xi Jinping has called for greater self-reliance in the face of increasing external uncertainty. And in a thinly veiled swipe at Trump in his opening remarks at the expo, Vice Premier He Lifeng said: '… some countries are interfering in the market under the pretext of reducing risk, using measures such as imposing tariffs.' 'Global changes of a century are accelerating, with multiple risks intertwining and piling up,' he said. 'We need to further build a shared consensus on development, firmly oppose the politicisation… and over-securitisation of economic and trade issues, and work together to uphold an open and cooperative international environment.'
The Star
2 days ago
- Business
- The Star
Nvidia says it will resume sales of 'H20' AI chips to China
China represents a crucial market for Nvidia, but recent US export restrictions have intensified competition from local players like homegrown champion Huawei. — Photo by I-HWA CHENG/AFP BEIJING: US tech giant Nvidia announced Tuesday it will resume sales of its H20 artificial intelligence chips to China after Washington pledged to remove licensing restrictions that had halted exports. The California-based company produces some of the world's most advanced semiconductors but cannot ship its most cutting-edge chips to China due to concerns that Beijing could use them to enhance military capabilities. Nvidia developed the H20 – a less powerful version of its AI processing units – specifically for export to China. However, that plan stalled when the Trump administration tightened export licensing requirements in April. "The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon," the company said in a statement Tuesday, adding it was "filing applications to sell the Nvidia H20 GPU again." CEO Jensen Huang, wearing his trademark black leather jacket, told reporters in a video published by Chinese state broadcaster CCTV: "I'm looking forward to shipping H20s very soon, and so I'm very happy with that very, very good news." Defending the policy change, Trump's AI Czar David Sacks told CNBC the H20 was a "deprecated chip" that is "not anywhere close to the state of the art." He said the reversal on the H20 came because Nvidia's Chinese rival Huawei was making "huge strides" and could potentially threaten Nvidia's market dominance. China represents a crucial market for Nvidia, but recent US export restrictions have intensified competition from local players like homegrown champion Huawei. "We don't want to sell China our latest greatest technology, but I do think we at least want to make it a little bit difficult for Huawei," Sacks said. Sacks also said that the decision was linked to ongoing trade negotiations between Washington and Beijing that are locked in a bitter trade feud. Beijing has criticised Washington's curbs as unfair and designed to hinder its development. 'Abrupt shifts' Zhang Guobin, founder of Chinese specialist website said the resumption would "bring substantial revenue growth, making up for losses caused by the previous ban." It would also ease trade friction impacts on the global semiconductor supply chain, he told AFP. However, he noted Chinese firms would remain focused on domestic chip development, adding that "the Trump administration has been prone to abrupt policy shifts, making it difficult to gauge how long such an opening might endure." Huang will attend a major supply chain gathering Wednesday, according to event organizers, his third trip to China this year, CCTV reported. During an April visit to Beijing, Huang told Chinese Vice Premier He Lifeng he "looked favorably upon the potential of the Chinese economy" and was "willing to continue to plow deeply into the Chinese market and play a positive role in promoting US-China trade cooperation," state news agency Xinhua reported. The tightened US export curbs come as China's economy wavers, with domestic consumers reluctant to spend and a prolonged property sector crisis weighing on growth. President Xi Jinping has called for greater self-reliance amid increasing external uncertainty. The Financial Times reported in May that Nvidia was planning to build a research and development center in Shanghai, though neither Nvidia nor city authorities confirmed the project to AFP. China's economy grew 5.2 percent in the second quarter, official data showed Tuesday, as analysts had predicted strong exports despite trade war pressures. – AFP
RTHK
2 days ago
- Business
- RTHK
Chinese AI hailed as 'catalyst for global progress'
Chinese AI hailed as 'catalyst for global progress' Jensen Huang arrives to address the China International Supply Chain Expo dressed in a traditional Chinese shirt in a rare departure from his leather jacket. Photo: Reuters Nvidia chief executive Jensen Huang called China's open-source artificial intelligence a "catalyst for global progress" and hailed the country's innovation in the sector as he addressed an expo in Beijing on Wednesday. Addressing the opening ceremony of the China International Supply Chain Expo, Huang – whose firm this week became the first to touch US$4 trillion in market value – hailed China's role in pioneering AI. "China's open-source AI is a catalyst for global progress, giving every country and industry a chance to join the AI revolution," he said in a reference to Chinese AI startup DeepSeek. "AI is transforming every industry, from scientific research and healthcare to energy, transportation and logistics." Huang praised China's "super-fast" innovation, powered by its researchers, developers and entrepreneurs. On a personal note, Huang said "I am Chinese but grew up in America" and "my first language is Chinese but I stopped using it when I was five'. He said he is very glad to have the chance to speak Chinese in Beijing. Nvidia announced on Tuesday that it will resume sales of its H20 AI chips to China after Washington pledged to remove licensing restrictions that had halted exports. Nvidia developed the H20 – a less powerful version of its AI processing units – specifically for export to China. However, that plan stalled when the Trump administration tightened export licensing requirements in April. "The US government has assured Nvidia that licences will be granted, and Nvidia hopes to start deliveries soon," the company said on Tuesday, adding it was "filing applications to sell the Nvidia H20 GPU again". Beijing is using the expo as a forum to boost its image as the global defender of free trade, in contrast to the tariff chaos sparked by US President Donald Trump. (AFP/Reuters)
Time of India
2 days ago
- Business
- Time of India
'Catalyst for global progress': Nvidia CEO praises China's AI efforts; highlights DeepSeek's role
Nvidia CEO Jensen Huang on Wednesday praised China's contributions to open-source artificial intelligence, calling it a "catalyst for global progress" during his speech at an expo in Beijing. "China's open-source AI is a catalyst for global progress, giving every country and industry a chance to join the AI revolution," he said, highlighting the efforts of Chinese AI startup DeepSeek, AFP reported. "AI is transforming every industry, from scientific research and healthcare to energy, transportation and logistics," he added. Huang commended China's 'super-fast' innovation, driven by its researchers, developers, and entrepreneurs, and emphasized the country's growing role in global AI development. The expo is part of Beijing's push to position itself as a champion of free trade, in contrast to rising trade tensions and tariffs under US President Donald Trump. Huang's comments came as Nvidia announced the resumption of sales of its H20 AI chips to China. These chips were specially designed to meet US export restrictions, but deliveries had been delayed after Washington tightened licensing rules in April. Nvidia said on Tuesday that the US government had assured the company licenses would now be granted. "The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon," the company said, confirming that it was "filing applications to sell the Nvidia H20 GPU again". The announcement lifted tech markets globally, with the Nasdaq hitting a new record and Hong Kong tech stocks also rallying. Huang's appearance also came just as Nvidia briefly became the world's first $4 trillion company by market value earlier this week. This development positively influenced technology stocks globally, with the Nasdaq reaching new heights and Hong Kong markets showing significant gains. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
