At least $1 billion in NVIDIA AI chips smuggled into China
Digest more
Days after a White House meeting with President Donald Trump, Jensen Huang was being hailed by an audience on a stage in Beijing.
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.
The Commerce Department allows Nvidia to sell H20 AI chips to China despite security concerns, and experts are divided on the U.S. technological advantage.
Last week, Nvidia CEO Jensen Huang said it would soon resume selling its H20 chips to China after a breakthrough with the Trump administration on regulations.
President Donald Trump said he briefly considered splitting up Nvidia, the world's largest chipmaker and most valuable company. Trump initially thought doing so might intensify competition
CNBC’s Kristina Partsinevelos joins 'Money Movers' to discuss potential headwinds for Nvidia GPUs in China. Father who moved family to Russia to escape ‘woke’ America is sent to front line
The demand for Nvidia's data center GPUs is impossible to overstate. Between fiscal 2020 and fiscal 2025, the company's total revenue increased at a compound annual rate of 64%. And during the first quarter of fiscal 2026 (ended April 27), the top line soared 69% year over year to $44.1 billion.
The move represents a major step by the US semiconductor giant in boosting the development of open-source chip architecture in AI computing.