Nvidia CEO stresses importance of China market in Beijing visit: Report
The Hindu
Nvidia CEO Jensen Huang said on Thursday that China was a very important market for Nvidia.
Nvidia CEO Jensen Huang said on Thursday that China was a very important market for Nvidia after the U.S. imposed a ban on sales of its H20 artificial intelligence chips to the country.
"We hope to continue to cooperate with China," Huang said in a meeting with Ren Hongbin, head of the China Council for the Promotion of International Trade, according to Chinese state broadcaster CCTV.
China welcomes more U.S. companies including Nvidia to further explore the Chinese market, vice premier He Lifeng told Huang as the two met at the Great Hall of the People in Beijing on Thursday, state news agency Xinhua reported.
China, with vast potential for investment and consumption, has always been "fertile ground" for investment and trade by foreign enterprises, He was quoted as saying by Xinhua.
Huang arrived in Beijing earlier in the day at the invitation of the trade organisation.
His visit comes at a time when the United States has put new restrictions on China-bound shipments of Nvidia's H20 datacentre GPUs, the only compliant AI chip the company can sell legally to China.
Nvidia didn't immediately respond to a Reuters' request for comment on Huang's agenda in China.
Nvidia chief Jensen Huang on Monday said the leading artificial intelligence chip maker is heading for space with a goal of powering orbiting data centres.
Meta Platforms shares rose nearly 3% on Monday after a Reuters report that the social media giant plans to lay off 20% or more of its workforce to offset heavy spending
Wholesale price inflation hits 11-month high at 2.13%, driven by rising crude prices and increased costs across various sectors.
Kerala's wellness sector faces uncertainty due to the West Asian crisis, impacting tourism and threatening economic stability.
Experts link Punjab's distress migration to economic stagnation and job mismatches, highlighting systemic failures in political leadership.
India's merchandise exports remain flat in February, with Commerce Secretary warning of a potential dip in March due to trade constraints.
Hard Rock International closes 10 outlets in India, including three cafes in Bengaluru, while Goa hotel remains open.
The booming market for artificial intelligence servers brought Taiwan's Foxconn a 24 percent jump in annual net profit, the company said
In a statement on its website, Adobe said it has in recent years streamlined its sign-up and cancellation processes and made them more transparent.
Stock markets recover as Sensex and Nifty bounce back following a three-day slump, driven by value-buying in blue-chip stocks.
U.S. President Donald Trump’s administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok’s U.S. business, the Wall Street Journal reported
Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters
Learn how to choose the best personal loan lender by evaluating eligibility, interest rates, and borrowing experience.