Nvidia Uncertain if Return to China Is Closer After Trump-Xi Meeting

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Amid skyrocketing demand for artificial intelligence systems, the chip-making giant has been thrust into the economic feud between Beijing and Washington.

Jensen Huang, wearing a blue suit, white shirt and green tie, speaking in front of an APEC CEO Summit backdrop.
Jensen Huang, chief executive of Nvidia, speaks during the Asia-Pacific Economic Cooperation meeting in Gyeongju, South Korea, on Friday.Credit...Kim Soo-Hyeon/Reuters

Daisuke Wakabayashi

Oct. 31, 2025, 7:43 a.m. ET

Jensen Huang, the head of Nvidia, said again on Friday that he was eager for the Silicon Valley chip-making giant to resume selling advanced semiconductors in China, but expressed uncertainty about whether this week’s meeting between President Trump and China’s top leader, Xi Jinping, brought the company any closer to achieving that goal.

Mr. Huang arrived in South Korea shortly after the face-to-face summit of the two leaders in the country on Thursday. Mr. Trump told reporters that the leaders discussed semiconductors without addressing Nvidia’s most advanced A.I. technology. He added that Chinese officials would talk to Nvidia about “taking chips,” with the United States playing “referee.”

The remarks created confusion because Mr. Trump had suggested before the meeting that he would discuss Nvidia’s most powerful A.I. semiconductors with Mr. Xi, fueling speculation that the United States might ease restrictions limiting access to the technology.

“I don’t have any new insight from the meeting,” Mr. Huang said at a news conference on the sidelines of the Asia Pacific Economic Cooperation summit on Friday. “I hope that we will have new policies that allow Nvidia to go back into China, for China to welcome Nvidia back.”

Amid skyrocketing demand for technology infrastructure to power artificial intelligence systems, access to Nvidia’s chips has become a national security issue. Nvidia has been thrust into the middle of the economic feud between China and the United States.

Before Mr. Trump came into office, the U.S. government had already imposed rules to limit the sales of Nvidia’s most powerful chips in China. The Trump administration initially banned exports of Nvidia’s H20 chip, a downgraded version of the company’s Hopper chips, which were made particularly for China. It reversed that decision in July, when Mr. Trump said the H20 chip could be sold and that the federal government would take a 15 percent cut of that revenue.


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