Nvidia’s China Chip Deals Stall Despite U.S. Approval
The approved buyers reportedly include Alibaba, Tencent, ByteDance and JD.com
The approved buyers reportedly include Alibaba, Tencent, ByteDance and JD.com
Tencent said production of Chinese-designed graphics processing units could rise significantly this year. According to company executives, supply from manufacturers in China and nearby countries is increasing steadily.
According to CNBC, the discussions are aimed at preventing powerful AI systems from falling into the hands of non-state actors. Bessent also pointed to rapid advances expected from American firms such as OpenAI and Google.
Speaking to reporters in Beijing, Huang described the summit as “one of the most important” diplomatic meetings in modern history.
Jensen Huang joined U.S. President Donald Trump’s trip to China after initially appearing absent from the high-profile business delegation traveling to Beijing.