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Time of India
7 hours ago
- Business
- Time of India
China commerce minister says he met Nvidia CEO in Beijing
By Che Pan and Casey Hall 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.
The Sun
7 hours ago
- Business
- The Sun
Nvidia CEO and China commerce minister discuss AI, investment
BEIJING: China's Commerce Minister Wang Wentao told Nvidia CEO Jensen Huang on Thursday that he hoped multinational companies including Nvidia, would provide high-quality and reliable products and services to Chinese customers, the ministry said in a statement. Huang said the Chinese market was very attractive, and Nvidia was willing to deepen cooperation with Chinese partners in the field of artificial intelligence (AI), according to the commerce ministry's statement released yesterday. Wang said China's policy of attracting foreign investment would not change and the door to openness would only open wider. Nvidia declined to comment further. 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 AI models from Chinese firms Deepseek, Alibaba and Tencent as 'world class' and said AI was 'revolutionising' supply chains. China's commerce ministry said in a separate statement yesterday that the US had told Beijing that it would approve sales of Nvidia's H20 AI chips to Chinese customers. Huang said on Wednesday that Chinese customers' demand for the H20, which was released from US export controls this week, is high but no purchase orders have been fulfilled yet as it awaits US 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 US export restrictions and designed specifically for smart factories and for robot training purposes. – Reuters
The Sun
8 hours ago
- Business
- The Sun
Nvidia CEO meets China commerce minister on AI and foreign investment
BEIJING: China's Commerce Minister Wang Wentao met with Nvidia CEO Jensen Huang to discuss foreign investment and artificial intelligence (AI) collaboration. The ministry stated that Wang emphasized China's commitment to welcoming multinational companies, including Nvidia, to provide high-quality products and services to Chinese customers. Huang acknowledged the attractiveness of the Chinese market and expressed Nvidia's willingness to strengthen AI partnerships with local firms. 'The Chinese market is very attractive, and Nvidia is willing to deepen cooperation with Chinese partners in the field of artificial intelligence,' the commerce ministry quoted Huang as saying. Wang reiterated China's open-door policy for foreign investment, stating that the country's stance on attracting global businesses remains unchanged. The meeting follows Huang's third visit to China this year, where he also engaged with senior officials, including Vice Premier He Lifeng and Ren Hongbin, chairman of the China Council for the Promotion of International Trade. At a press conference in Beijing, Huang praised Chinese AI advancements, calling models from firms like Deepseek, Alibaba, and Tencent 'world class.' He highlighted AI's transformative impact on supply chains, saying it is 'revolutionising' the sector. The commerce ministry also confirmed that the U.S. has agreed to approve sales of Nvidia's H20 AI chips to Chinese customers. Huang noted strong demand for the H20, which recently cleared U.S. export controls, but clarified that no orders have been fulfilled pending final U.S. government approval. Additionally, Nvidia is developing a new chip, the RTX Pro GPU, tailored for Chinese clients. Designed for smart factories and robot training, the chip complies with U.S. export restrictions. - Reuters
Express Tribune
9 hours ago
- Business
- Express Tribune
China commerce minister meets with Nvidia CEO
Nvidia CEO Jensen Huang speaks at the opening ceremony of the third China International Supply Chain Expo (CISCE) in Beijing, China (Photo: Reuters) Listen to article China's Commerce Minister Wang Wentao said on Friday he met with Nvidia NVDA.O 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 US export controls this week, is high but no purchase orders have been fulfilled yet as it awaits US 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 US export restrictions and designed specifically for smart factories and for robot training purposes.
Time of India
2 days ago
- Business
- Time of India
Nvidia's Huang hails Chinese AI models as 'world class'
Nvidia CEO Jensen Huang described artificial intelligence models from Chinese firms Deepseek, Alibaba and Tencent as "world class" and said AI was "revolutionising" supply chains, at an exhibition in Beijing on Wednesday. Huang spoke briefly at the opening ceremony of a supply chain expo, one day after the AI giant said it would once again be able to sell its highly popular H20 chips in China. Billionaire Huang is on his third visit to China this year, days after meeting with U.S. President Donald Trump, as his firm walks a tightrope between the world's two largest economies, each of which is battling for global dominance in AI and other cutting edge technologies. Huang is also expected to hold a closed door media event in Beijing later on Wednesday afternoon. The CEO of the world's most valuable firm told state broadcaster CCTV on Tuesday that the Chinese market is massive, dynamic, and highly innovative, and it's crucial for American companies to establish roots in China. On Tuesday, U.S. Commerce Secretary Howard Lutnick said the planned resumption of sales of Nvidia's H20 AI chips to China are part of U.S. negotiations on rare earths. Chinese companies have scrambled to place orders for the chips, which Nvidia would then need to send to the U.S. government for approval, the sources familiar with the matter said. They added that internet giants ByteDance and Tencent are in the process of submitting applications. ByteDance denied that it is currently submitting applications. Tencent did not respond to a request for comment. Nvidia has also announced it is developing a new chip for Chinese clients called the RTX Pro GPU that would also be compliant with U.S. export restrictions.
