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In a significant move for the tech industry, Ren Huabin, the president of the China Council for the Promotion of International Trade, held talks with NVIDIA CEO Jensen Huang in Beijing on July 15. This visit marks Huang’s third trip to mainland China this year and his return to Beijing after a three-month hiatus.
Dressed in his signature leather jacket, a stark departure from his previous formal attire, Huang appeared relaxed and even took a moment to take a photo with Lei Jun, showcasing a positive mood.
NVIDIA has announced plans to submit an application to resume selling its H20 GPU in the Chinese market, with U.S. government assurances of approval for the necessary export licenses. Huang expressed his optimism during an interview with CCTV, stating, “The U.S. government has approved our export license, allowing us to start shipments. I am excited to launch H20 in China and consider this great news.”
Additionally, Huang unveiled plans for a new, fully compatible RTX PRO GPU professional graphics card tailored for the Chinese market, designed to serve as an ideal choice for digital twin AI in smart factories and logistics.
This development comes as a relief for NVIDIA, as sales of high-end AI GPU chips and professional graphics cards have previously been restricted in China. With this new product tailored for the Chinese market, NVIDIA has achieved a significant milestone.
In NVIDIA’s official communication, the company emphasized Huang’s efforts in promoting AI in both the United States and China, underscoring the widespread benefits AI can bring to global business and society. During a meeting in Washington, D.C., Huang reiterated NVIDIA’s commitment to supporting U.S. government initiatives aimed at job creation and enhancing domestic manufacturing, maintaining the nation’s edge in AI technology.
Huang pointed out that the world has reached a pivotal moment where AI is emerging as a fundamental resource, akin to energy, water, and the internet. He reaffirmed NVIDIA’s dedication to supporting open-source research, foundational models, and application development to facilitate widespread AI adoption across regions, including emerging economies in Latin America, Europe, and Asia.
Earlier in the year, Huang had made several appearances in cities such as Shenzhen, Taiwan, Beijing, and Shanghai to attend NVIDIA’s annual meeting and related events. In mid-April, he returned to China for discussions with Ren Huabin, where he highlighted the company’s significant growth in the region, boasting nearly 4,000 employees and a retention rate much lower than the global average.
Huang stressed the importance of the Chinese market for NVIDIA and expressed hopes for continued collaboration, despite the challenges presented by U.S. export regulations impacting the company’s operations. In May, NVIDIA disclosed plans to lease additional office space for its existing staff in Shanghai, reinforcing its ongoing commitment to the Chinese market.
As NVIDIA continues to thrive—recently becoming the first company globally to surpass a market value of $4 trillion—Huang’s personal net worth has soared to $144 billion, placing him ninth on the world’s wealthiest list.
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