Latest news with #Sino-U.S.
Time of India
a day ago
- Business
- Time of India
Nvidia CEO's China charm offensive underscores rock star status in key market
Nvidia CEO Jensen Huang is no stranger to Beijing, but his most recent visit, his third to China this year, cemented his rock star status in the country, where fans mingled freely with the AI titan on the streets of the capital. It was a rare sight for a chief executive of one of the world's most powerful companies to roam around Beijing, engage in wide-ranging interviews, take selfies with excited fans and even sign leather jackets - a signature clothing item of the billionaire - for his devoted followers. The tycoon at the helm of the world's most valuable company arrived in Beijing for a supply chain expo last week just days after meeting U.S. President Donald Trump and announced the AI giant would once again be able to sell its H20 chips in China following a U.S. ban in April on national security concerns. Huang's company is caught in the cross-hairs of a U.S.-China trade war that threatens to upend supply chains as both countries battle for global dominance in AI and other cutting-edge technologies, threatening Nvidia's $17 billion China business. While Huang appears to be navigating a delicate tightrope between Beijing and Washington well, the company remains subject to the ups and downs of Sino-U.S. tensions, analysts said. "Jensen Huang's visit aimed to demonstrate Nvidia's commitment to the Chinese market," said Lian Jye Su, a chief analyst at tech research firm Omdia. "However, this commitment must be balanced against potential U.S. government concerns about deepening ties with China." Huang described AI models from Chinese firms Deepseek , Alibaba and Tencent as "world class" and his official engagements included a "wonderful" meeting with Chinese trade tsar and Vice Premier He Lifeng and a face-to-face with Commerce Minister Wang Wentao. Demand for H20 chips surged in China following the launch of DeepSeek models in January. "Nvidia will still need to see the tide clearly and ride it at the right time to maximize the available benefits. But good for the company, I think it has a CEO who's very good at doing that," said Tilly Zhang, a technology analyst with Gavekal Dragonomics. Charlie Chai, an analyst with 86Research, said Nvidia's China market share was likely to slide in years to come. "The Chinese government will actively help or subsidize domestic rivals that can one day stand up to and, at least in some use cases, replace high-end Nvidia chips." Selfies and Autographs In an unusual sight for a global CEO visiting China, videos posted on social media platforms showed Huang wandering the streets of Beijing, drink in hand, signing notebooks and posing for selfies. In response to questions about how Washington would likely receive his latest visit to Beijing, the CEO said: "I told President Trump and his cabinet that I was coming to China. Told him about my trip here, and he said, 'Have a great trip'." At the opening of the China International Supply Chain Expo last Wednesday, Huang - who was born in Taiwan but moved to the U.S. at the age of nine - traded his signature leather jacket for a black, traditional Chinese-style jacket and referred to himself in a speech as "Chinese". In his Expo speech, as well as in later comments, Huang was effusive in his praise for Chinese tech giants' capabilities in bringing technology into applications, describing China's supply chain as "vast". Even arch rival Huawei Technologies, a firm that Nvidia is locked in a strategic and intensifying battle for AI chip dominance with, was lauded. "I think the fact of the matter is, anyone who discounts Huawei and anyone who discounts China's manufacturing capability is deeply naive. This is a formidable company," Huang told reporters.
Kyodo News
2 days ago
- Business
- Kyodo News
China says it seeks stable ties with Japan after LDP election defeat
BEIJING - China said Monday it will continue to seek stable ties with Japan, a day after the country's ruling Liberal Democratic Party led by Prime Minister Shigeru Ishiba and its coalition partner Komeito lost their majority in the upper house race. Guo Jiakun, a spokesman of the Chinese Foreign Ministry, declined to comment on the results of Sunday's House of Councillors election, calling them "internal affairs" of Japan, but said Beijing is willing to work with Tokyo to continuously carry out dialogue and communication at all levels. China is also eager to promote "strategic and mutually beneficial" bilateral ties that are "constructive and stable," Guo said. Amid intensifying Sino-U.S. rivalry and steep tariffs imposed by President Donald Trump, China has tried to stabilize its strained ties with Japan. Recently, it has lifted its total ban on Japanese seafood introduced in 2023 after Japan began releasing treated radioactive wastewater from the crippled Fukushima Daiichi nuclear power plant into the sea and completed a key step toward resuming Japanese beef imports, paving the way for their restart after a 24-year hiatus. China's official Xinhua News Agency reported on the election setback of Japan's ruling coalition as breaking news, noting the difficulty Ishiba may face in remaining in power.
The Hindu
2 days ago
- Business
- The Hindu
Nvidia CEO's China charm offensive underscores rock star status in key market
Nvidia CEO Jensen Huang is no stranger to Beijing, but his most recent visit, his third to China this year, cemented his rock star status in the country, where fans mingled freely with the AI titan on the streets of the capital. It was a rare sight for a chief executive of one of the world's most powerful companies to roam around Beijing, engage in wide-ranging interviews, take selfies with excited fans and even sign leather jackets, a signature clothing item of the billionaire, for his devoted followers. The tycoon at the helm of the world's most valuable company arrived in Beijing for a supply chain expo last week just days after meeting U.S. President Donald Trump and announced the AI giant would once again be able to sell its H20 chips in China following a U.S. ban in April on national security concerns. Huang's company is caught in the cross-hairs of a U.S.-China trade war that threatens to upend supply chains as both countries battle for global dominance in AI and other cutting-edge technologies, threatening Nvidia's $17 billion China business. While Huang appears to be navigating a delicate tightrope between Beijing and Washington well, the company remains subject to the ups and downs of Sino-U.S. tensions, analysts said. "Jensen Huang's visit aimed to demonstrate Nvidia's commitment to the Chinese market," said Lian Jye Su, a chief analyst at tech research firm Omdia. "However, this commitment must be balanced against potential U.S. government concerns about deepening ties with China." Huang described AI models from Chinese firms Deepseek, Alibaba and Tencent as "world class" and his official engagements included a "wonderful" meeting with Chinese trade tsar and Vice Premier He Lifeng and a face-to-face with Commerce Minister Wang Wentao. Demand for H20 chips surged in China following the launch of DeepSeek models in January. "Nvidia will still need to see the tide clearly and ride it at the right time to maximize the available benefits. But good for the company, I think it has a CEO who's very good at doing that," said Tilly Zhang, a technology analyst with Gavekal Dragonomics. Charlie Chai, an analyst with 86Research, said Nvidia's China market share was likely to slide in years to come. "The Chinese government will actively help or subsidize domestic rivals that can one day stand up to and, at least in some use cases, replace high-end Nvidia chips." In an unusual sight for a global CEO visiting China, videos posted on social media platforms showed Huang wandering the streets of Beijing, drink in hand, signing notebooks and posing for selfies. In response to questions about how Washington would likely receive his latest visit to Beijing, the CEO said: "I told President Trump and his cabinet that I was coming to China. Told him about my trip here, and he said, 'Have a great trip'." At the opening of the China International Supply Chain Expo last Wednesday, Huang, who was born in Taiwan but moved to the U.S. at the age of nine, traded his signature leather jacket for a black, traditional Chinese-style jacket and referred to himself in a speech as "Chinese". In his Expo speech, as well as in later comments, Huang was effusive in his praise for Chinese tech giants' capabilities in bringing technology into applications, describing China's supply chain as "vast". Even arch rival Huawei Technologies, a firm that Nvidia is locked in a strategic and intensifying battle for AI chip dominance with, was lauded. "I think the fact of the matter is, anyone who discounts Huawei and anyone who discounts China's manufacturing capability is deeply naive. This is a formidable company," Huang told reporters.
Time of India
2 days ago
- Automotive
- Time of India
China's exports of rare earth magnets to US surge in june
China's exports of rare earth magnets to the United States in June soared to more than seven times their May level, marking a sharp recovery in the flow of critical minerals used in electric vehicles and wind turbines after a Sino-U.S. trade deal. Outbound shipments to the United States from the world's largest producer of rare earth magnets surged to 353 metric tons in June, up 660 per cent from May, data from the General Administration of Customs showed on Sunday. That came after pacts reached in June to resolve issues around shipments of rare earth minerals and magnets to the United States. Chipmaker Nvidia plans to resume sales of its H20 AI chips to China as part of the agreement. China, which provides more than 90 per cent of the global supply of rare earth magnets, decided in early April to add several rare earth items to its export restriction list in retaliation for U.S. tariffs. The subsequent sharp fall in shipments in April and May, due to the lengthy time required to secure export licences, had upset the global supply chain, forcing some automakers outside China to halt partial production due to a rare earths shortage. In total, China exported 3,188 tons of rare earth permanent magnets globally last month, up 157.5 per cent from 1,238 tons in May, although the June volume was still 38.1 per cent lower than the corresponding month in 2024. Shipments of magnets are likely to recover further in July as more exporters obtained licences in June, analysts said. During the first half of 2025, exports of rare earth magnets fell 18.9 per cent on the year to 22,319 tons.
Economic Times
2 days ago
- Automotive
- Economic Times
Nvidia CEO's China charm offensive underscores rock star status in key market
AP CEO of Nvidia Jensen Huang speaks to journalists during a press conference at the Mandarin Oriental Qianmen after attending the third China International Supply Chain Expo, in Beijing, Wednesday, July 16, 2025. (AP Photo/Andy Wong) Nvidia CEO Jensen Huang is no stranger to Beijing, but his most recent visit, his third to China this year, cemented his rock star status in the country, where fans mingled freely with the AI titan on the streets of the capital. It was a rare sight for a chief executive of one of the world's most powerful companies to roam around Beijing, engage in wide-ranging interviews, take selfies with excited fans and even sign leather jackets - a signature clothing item of the billionaire - for his devoted followers. The tycoon at the helm of the world's most valuable company arrived in Beijing for a supply chain expo last week just days after meeting U.S. President Donald Trump and announced the AI giant would once again be able to sell its H20 chips in China following a U.S. ban in April on national security concerns. Huang's company is caught in the cross-hairs of a U.S.-China trade war that threatens to upend supply chains as both countries battle for global dominance in AI and other cutting-edge technologies, threatening Nvidia's $17 billion China business. While Huang appears to be navigating a delicate tightrope between Beijing and Washington well, the company remains subject to the ups and downs of Sino-U.S. tensions, analysts said. "Jensen Huang's visit aimed to demonstrate Nvidia's commitment to the Chinese market," said Lian Jye Su, a chief analyst at tech research firm Omdia. "However, this commitment must be balanced against potential U.S. government concerns about deepening ties with China." Huang described AI models from Chinese firms Deepseek, Alibaba and Tencent as "world class" and his official engagements included a "wonderful" meeting with Chinese trade tsar and Vice Premier He Lifeng and a face-to-face with Commerce Minister Wang Wentao. Demand for H20 chips surged in China following the launch of DeepSeek models in January. "Nvidia will still need to see the tide clearly and ride it at the right time to maximize the available benefits. But good for the company, I think it has a CEO who's very good at doing that," said Tilly Zhang, a technology analyst with Gavekal Dragonomics. Charlie Chai, an analyst with 86Research, said Nvidia's China market share was likely to slide in years to come. "The Chinese government will actively help or subsidize domestic rivals that can one day stand up to and, at least in some use cases, replace high-end Nvidia chips." Selfies and Autographs In an unusual sight for a global CEO visiting China, videos posted on social media platforms showed Huang wandering the streets of Beijing, drink in hand, signing notebooks and posing for selfies. In response to questions about how Washington would likely receive his latest visit to Beijing, the CEO said: "I told President Trump and his cabinet that I was coming to China. Told him about my trip here, and he said, 'Have a great trip'." At the opening of the China International Supply Chain Expo last Wednesday, Huang - who was born in Taiwan but moved to the U.S. at the age of nine - traded his signature leather jacket for a black, traditional Chinese-style jacket and referred to himself in a speech as "Chinese". In his Expo speech, as well as in later comments, Huang was effusive in his praise for Chinese tech giants' capabilities in bringing technology into applications, describing China's supply chain as "vast". Even arch rival Huawei Technologies, a firm that Nvidia is locked in a strategic and intensifying battle for AI chip dominance with, was lauded. "I think the fact of the matter is, anyone who discounts Huawei and anyone who discounts China's manufacturing capability is deeply naive. This is a formidable company," Huang told reporters. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. From near bankruptcy to blockbuster drug: How Khorakiwala turned around Wockhardt Paid less than plumbers? The real story of freshers' salaries at Infy, TCS. As deposit ground slips under PSU banks' feet, they chase the wealthy If data is the new oil, are data centres the smokestacks of the digital age? Stock Radar: M&M likely to break out from 1-year consolidation range; time to buy? Will consumer stocks see a comeback this festive season? 12 stocks to keep an eye on even when analysts are not bullish Don't fear volatility, focus on businesses: 5 mid-cap stocks from different sectors with upside potential of up to 27% Best way to deal with volatility, just ' Hold' for wealth creation: 7 large-cap stocks with an upside potential of up to 41%
